Norway Trade Surplus Rises to Highest Since 2023

2026-10-15 06:19 By Mariene Camarillo 1 min. read

Norway’s trade surplus widened sharply to NOK 105.0 billion in September 2026 from NOK 38.8 billion in the same month a year earlier.

This remained the largest surplus since January 2023, as exports jumped by 53.3% year-on-year to NOK 207.7 billion, driven largely by higher shipments of raw materials, excluding fuels (+13.8%), animal and vegetable oils, fats, and waxes (+20.5%), and other goods and transactions (+21.2%), which offset the declines in exports of food and live animals (-0.5%) and beverages and tobacco (-25.6%).

Meanwhile, imports rose by 6.2% to NOK 102.7 billion, lifted by increases in purchases of fuels, lubricating oils, and electric power (+74.2%), machinery and means of transport (+13.6%), and different finished products (+2.9%), while processed goods grouped mainly by material (-14.3%) and chemical products (-0.2%) recorded decreases.

For the January–September period, the country posted a trade surplus of NOK 713.9 billion, compared to NOK 528.4 billion last year.



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Norway Trade Surplus Rises to Highest Since 2023
Norway’s trade surplus widened sharply to NOK 105.0 billion in September 2026 from NOK 38.8 billion in the same month a year earlier. This remained the largest surplus since January 2023, as exports jumped by 53.3% year-on-year to NOK 207.7 billion, driven largely by higher shipments of raw materials, excluding fuels (+13.8%), animal and vegetable oils, fats, and waxes (+20.5%), and other goods and transactions (+21.2%), which offset the declines in exports of food and live animals (-0.5%) and beverages and tobacco (-25.6%). Meanwhile, imports rose by 6.2% to NOK 102.7 billion, lifted by increases in purchases of fuels, lubricating oils, and electric power (+74.2%), machinery and means of transport (+13.6%), and different finished products (+2.9%), while processed goods grouped mainly by material (-14.3%) and chemical products (-0.2%) recorded decreases. For the January–September period, the country posted a trade surplus of NOK 713.9 billion, compared to NOK 528.4 billion last year.
2026-10-15
Norway Trade Surplus Hits Three-Year High
Norway’s trade surplus widened sharply to NOK 100.4 billion in August 2026 from NOK 59.3 billion in the same month a year earlier. This marked the largest surplus since January 2023, as exports jumped by 32.9% year-on-year to NOK 191.0 billion, mainly driven by higher shipments of food and live animals (+11.2%), fuels and lubricating oils, and electric power (+51.9%), animal and vegetable oils, fats, and waxes (+20.5%), and processed goods grouped mainly by material (+14.0%). Meanwhile, imports rose by 7.3% to NOK 90.6 billion, lifted by increased purchases of raw materials (non-edible), except fuels (+36.5%), fuels and lubricating oils, and electric power (+68.6%), machinery and means of transport (+2.7%), and different finished products (+0.7%). For the January–August period, the country posted a trade surplus of NOK 608.9 billion, compared to NOK 489.6 billion, up 24.4% from the corresponding month of the previous year, as export growth (11.7%) far outpaced imports (3.1%).
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Norway Trade Surplus Largest in 4 Months
Norway recorded a trade surplus of NOK 89.3 billion in July 2026, widening from NOK 89.2 billion in the same month a year earlier. This marked the largest surplus since March, as exports climbed by 21.5% year-on-year to NOK 173.6 billion, driven by higher shipments of fuels, lubricating oils, and electric power (+29.8%), animal and vegetable oils, fats and waxes (29.8%), chemical products (+17.9%), and processed goods grouped mainly by material (18.2%). Meanwhile, imports grew by just 0.1% to NOK 89.3 billion, as increased purchases for raw materials (+30.5%) and animal and vegetable oils, fats and waxes (+48.5%) offset lower arrivals for food and live animals (-10.1%), processed goods (-6.3%), and other goods and transactions (-37%). For the January–July period, the country posted a trade surplus of NOK 502.1 billion, compared to NOK 430.3 billion, up 16.7% from the corresponding month a year ago, as exports (8.1%) rose much faster than imports (2.3%).
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