Norway registered a record high trade surplus of NOK 53.7 billion in September 2021, compared with a gap of NOK 9.3 billion in the same month a year earlier, boosted by a sharp jump in exports. Sales climbed 117.4% yoy to NOK 129.5 billion, amid higher shipments of mineral fuels, lubricants & related materials (230.1%), chemicals and related products n.e.s (28.2%), manufactured goods (30.7%), food and live animals (38.1%), machinery and transport equipment (25.3%) and crude materials, inedible, except fuels (29.3%). Meanwhile, imports rose at a much softer 10% to NOK 75.8 billion, with arrivals growing for machinery and transport equipment (2.1%), manufactured goods (12.5%), crude materials, inedible, except fuels (42%), food and live animals (9.8%), chemicals and related products n.e.s (25.2%) and miscellaneous manufactured articles (4.6%). Considering January to September, the country's trade surplus was at NOK 263.8 billion, down by 11.26% from the same period of 2020. source: Statistics Norway
Balance of Trade in Norway averaged 8851.02 NOK Million from 1960 until 2021, reaching an all time high of 53700 NOK Million in September of 2021 and a record low of -9303 NOK Million in September of 2020. This page provides the latest reported value for - Norway Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Balance of Trade in Norway is expected to be 18200.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Balance of Trade is projected to trend around 19300.00 NOK Million in 2022, according to our econometric models.