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.

Norway Exports
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Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 6674.00 6033.00 48677.18 -5680.00 NOK Million [+]
Current Account 30587.00 73082.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 8.10 5.70 16.20 -6.10 percent [+]
Imports 58997.00 59983.00 83879.95 696.00 NOK Million [+]
Exports 65672.00 66016.00 98223.26 449.00 NOK Million [+]
External Debt 5526407.00 5482151.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 95.35 95.88 115.90 75.84 Index Points [+]
Capital Flows 120750.00 25419.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1087.00 1296.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.15 0.00 4.71 0.00 [+]
Weapons Sales 64.00 153.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -50633.00 13462.00 118173.00 -220006.00 NOK Million [+]


United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Norway Exports

In 2017, exports from Norway increased by 12 percent from the previous year to NOK 843 billion, amid a recovery in oil prices. The country exported mainly: crude petroleum and natural gas (49 percent of total exports); coke and refined petroleum products (8 percent); basic metals (8 percent); fish and other fishing products (7 percent); food products (5 percent); chemicals and chemical products (5 percent); and machinery and equipment (4 percent). Main export partners were: the United Kingdom (21 percent of total exports); Germany (16 percent); the Netherlands (10 percent); Sweden (7 percent); France (6 percent); Belgium, Denmark and the US (5 percent each). This page provides the latest reported value for - Norway Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Exports - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
65672.00 66016.00 98223.26 449.00 1960 - 2019 NOK Million Monthly




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