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 Trade Surplus Narrows in February
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%).
2026-03-16
Norway Trade Surplus Narrows in January
Norway's trade surplus narrowed to NOK 75.9 billion in January 2026 from NOK 91.5 billion in the corresponding month of the previous year, as exports fell much faster than imports. Exports declined by 12.6% year-on-year to NOK 154.5 billion, largely due to lower sales of fuels, lubricating oils, electric power (-18.5%). Shipments of processed goods grouped mainly by material (-12.0%) and chemical products (-10.5%) also decreased. Meanwhile, imports dropped by 8.0% to NOK 78.6 billion amid reduced purchases across most commodity groups, particularly machinery and transport equipment (-2.4%), different finished goods (-4.8%), and processed goods grouped mainly by material (-14.7%).
2026-02-16
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%.
2026-01-15