Norway ExportsJune 2022 Data - 1960-2021 Historical - July Forecast - Chart - News

Name: Norway Exports
Creator: TRADING ECONOMICS
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Keywords: Norway,Exports,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Exports from Norway soared 93.6% yoy to NOK 175.8 billion in May 2022, boosted by mineral fuels, lubricants & related materials (121.8%), manufactured goods (68.1%), chemicals (30.7%), food and live animals (47.3%), and crude materials, inedible, except fuels (20%), machinery and transport equipment (38.1%) and miscellaneous manufactured articles (27.1%). source: Statistics Norway

Exports in Norway averaged 30592.04 NOK Million from 1960 until 2022, reaching an all time high of 227519.96 NOK Million in March of 2022 and a record low of 449 NOK Million in July of 1960. 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 - values, historical data and charts - was last updated on July of 2022.

Exports in Norway is expected to be 104900.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Exports is projected to trend around 92500.00 NOK Million in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	86600.00	92600.00	NOK Million	May 2022
Current Account	341055.00	341055.00	NOK Million	Mar 2022
Current Account to GDP	2.00	2.80	percent of GDP	Dec 2020
Imports	89219.33	72692.47	NOK Million	May 2022
Exports	175836.43	165526.99	NOK Million	May 2022
External Debt	6462276.00	6389569.00	NOK Million	Mar 2022
Terms of Trade	104.04	95.46	points	Mar 2022
Capital Flows	320040.00	238212.00	NOK Million	Mar 2022
Oil Exports	53431.00	42291.00	NOK Million	May 2022
Foreign Direct Investment	-30582.00	36743.00	NOK Million	Dec 2021

Norway Exports

In 2019, exports from Norway slumped 9.4 percent from the previous year to NOK 904 billion, amid sluggish global growth and trade tensions between the US and China. Main exports were: mineral fuels, lubricants and related materials (56 percent of total exports), in particular petroleum, petroleum products (34 percent) and gas, natural and manufactured (21 percent); fish, crustaceans, molluscs and prep. thereof (12 percent); machinery and transport equipment (10 percent) mostly general industrial machinery and equipment (2 percent) and electrical machinery and apparatus (2 percent); chemicals and related products (7 percent); and non-ferrous metals (6 percent). The UK was the largest destination of Norway's shipments (20 percent of total exports), followed by Germany (14 percent), the Netherlands (11 percent), Sweden (8 percent), France (6 percent), Denmark (5 percent), the US, China and Belgium (4 percent each).