Norway Trade Surplus Narrows in February

2026-03-16 07:23 By Joshua Ferrer 1 min. read

Norway recorded a trade surplus of NOK 44.8 billion in February 2026, narrowing from NOK 80.9 billion in the corresponding month of the previous year, as exports dropped while imports rose.

Year-on-year, exports plunged by 20.9% to NOK 133.1 billion, mainly due to lower shipments of natural gas (-34.4%) and crude oil (-12.4%).

Among commodity groups, exports of fuels, lubricating oils, electric power (-26.6%), animal and vegetable oils, fats and waxes (-6.3%), and machinery and means of transport (-31.5%) mostly declined.

Meanwhile, imports rose by 1.2% to NOK 88.3 billion, largely driven by higher purchases of fuels, lubricating oils, electric power (21.7%), machinery and means of transport (9.1%), and chemical products (3.2%), while imports of ships and oil platforms dropped by 35.8%.

For the first two months of the year, the country recorded a trade surplus of NOK 120.6 billion, down 30% from the same period last year, as exports (-16.7%) decreased more than imports (-3.4%).



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Norway recorded a trade surplus of NOK 44.8 billion in February 2026, narrowing from NOK 80.9 billion in the corresponding month of the previous year, as exports dropped while imports rose. Year-on-year, exports plunged by 20.9% to NOK 133.1 billion, mainly due to lower shipments of natural gas (-34.4%) and crude oil (-12.4%). Among commodity groups, exports of fuels, lubricating oils, electric power (-26.6%), animal and vegetable oils, fats and waxes (-6.3%), and machinery and means of transport (-31.5%) mostly declined. Meanwhile, imports rose by 1.2% to NOK 88.3 billion, largely driven by higher purchases of fuels, lubricating oils, electric power (21.7%), machinery and means of transport (9.1%), and chemical products (3.2%), while imports of ships and oil platforms dropped by 35.8%. For the first two months of the year, the country recorded a trade surplus of NOK 120.6 billion, down 30% from the same period last year, as exports (-16.7%) decreased more than imports (-3.4%).
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