Exports from Norway soared 32.2 percent from a year earlier to NOK 99.5 billion in October 2018, driven by sales of mineral fuels, lubricants & related materials (47.3 percent), in particular petroleum, petroleum products (60.3 percent) and gas, natural and manufactured (34.3 percent); food and live animals (12.1 percent); manufactured goods (9.4 percent); machinery & transport equipment (7.6 percent); and chemicals (24.5 percent). Exports in Norway averaged 26611 NOK Million from 1960 until 2018, reaching an all time high of 99517.64 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 79200.00 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 94002.96 in 12 months time. In the long-term, the Norway Exports is projected to trend around 85100.00 NOK Million in 2020, according to our econometric models.