Norway Trade Surplus Narrows in December

Norway's trade surplus narrowed to NOK 42.9 billion in December 2025 from NOK 78.5 billion in the same month last year, as exports declined and imports rose. Exports shrank by 17.8% year-on-year to NOK 138.7 billion, dragged mainly by lower sales of mineral fuels, lubricants and related materials (-26.8%). Exports of machinery and transport equipment (-3.2%) and manufactured goods classified chiefly by material (-0.6%) also dropped. Meanwhile, imports increased by 6.1% to NOK 95.8 billion, influenced by imports of machinery and transport equipment (10.9%), miscellaneous manufactured articles (4%), and manufactured goods classified chiefly by material (16.8%). For the full year of 2025, Norway recorded a trade surplus of NOK 662.8 billion, down from NOK 720.0 billion in 2024, with exports falling by 1.8% and imports rising by 2.2%.

Norway's trade surplus narrowed to NOK 41.3 billion in November 2025 from NOK 68.8 billion in the corresponding month of the previous year, weighed down by a decline in exports. Exports dropped by 14.8% year-on-year to NOK 139.8 billion, primarily due to lower sales of mineral fuels, lubricants and related materials (-22%). Exports of food and live animals (-4.9%) and manufactured goods classified chiefly by material (-15.5%) also fell. Imports, on the other hand, rose by 3.3% to NOK 98.5 billion, driven mainly by increased purchases of machinery and transport equipment (3.6%), manufactured goods classified chiefly by material (3.3%), and chemicals and related products n.e.s. (5.9%). Over the January–November period, Norway recorded a trade surplus of NOK 619.9 billion, down 3.4% from the same period last year, as exports edged lower (-0.2%) while imports went up (1.8%).

Norway's trade surplus narrowed slightly to NOK 56.5 billion in October 2025 from NOK 56.6 billion in the same month last year. Exports decreased by 3.9% year-on-year to NOK 154.5 billion, dragged mainly by a 16.4% drop in shipments of mineral fuels, lubricants, and related materials. Meanwhile, imports declined by 5.8% to NOK 98.0 billion, primarily due to reduced purchases of machinery and transport equipment (-4.2%), miscellaneous manufactured articles (-7.9%), and manufactured goods classified chiefly by material (-5.7%). For the January–October period, Norway posted a trade surplus of NOK 579.2 billion, marking a 1.1% rise compared to the same period a year ago.