Exports from Norway plunged 25.3% year-on-year to NOK 65.7 billion in August 2019, due to lower sales of mineral fuels, lubricants and related materials (-36.3%), namely petroleum products (-22.9%), gas, natural and manufactured (-52.8%), and electric current (-35.0%). Also, exports fell for machinery & transport equipment (-25.4%); manufactured goods (-1.5%). On the other hand, sales advanced for food and live animals (5.6%). Exports in Norway averaged 27274.29 NOK Million from 1960 until 2019, reaching an all time high of 98223.26 NOK Million in October of 2018 and a record low of 449 NOK Million in July of 1960.
Exports in Norway is expected to be 79210.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Norway to stand at 77500.00 in 12 months time. In the long-term, the Norway Exports is projected to trend around 89400.00 NOK Million in 2020, according to our econometric models.