Imports to Norway rose 4.6% year-on-year to NOK 59.0 billion in August 2019, led by machinery and transport equipment (12.2%); mineral fuels, lubricants and related materials (6.5%); miscellaneous manufactured articles (1.7%), chemicals and related products n.e.s (5.0%). Conversely, purchases fell for crude materials, inedible, except fuels (-9.2%), manufactured goods (-1.4%). Imports in Norway averaged 18564.10 NOK Million from 1960 until 2019, reaching an all time high of 83879.95 NOK Million in November of 2017 and a record low of 696 NOK Million in July of 1960.
Imports in Norway is expected to be 59950.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Norway to stand at 62000.00 in 12 months time. In the long-term, the Norway Imports is projected to trend around 72200.00 NOK Million in 2020, according to our econometric models.