Norway ImportsMay 2022 Data - 1960-2021 Historical - June Forecast - Chart - News

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

Imports to Norway by 23.0% yoy to NOK 89.2 billion in May of 2022, as arrivals were up for machinery and transport equipment (14.7%), miscellaneous manufactured articles (18.7%), chemicals and related products n.e.s (25.1%), crude materials, inedible, except fuels (85.2%), and food and live animals (36.3%). By contrast, purchases of manufactured goods fell (-1.4%). source: Statistics Norway

Imports in Norway averaged 20827.48 NOK Million from 1960 until 2022, reaching an all time high of 89969.34 NOK Million in March of 2022 and a record low of 696 NOK Million in July of 1960. This page provides the latest reported value for - Norway Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Imports - values, historical data and charts - was last updated on June of 2022.

Imports in Norway is expected to be 77100.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Imports is projected to trend around 73200.00 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 Imports

In 2019, imports to Norway rose 6 percent from the previous year to an all-time high of NOK 756 billion. Main imports were: machinery and transport equipment (40 percent of total imports) led by road vehicles (12 percent), electrical machinery and apparatus (6 percent), general industrial machinery and equipment (5 percent), machinery for special industries (4 percent), telecommunications apparatus and equipment (4 percent) and other transport equipment including ships (4 percent); miscellaneous manufactured articles (14 percent) such as articles of apparel and accessories (3 percent); manufactured goods classified chiefly by material (14 percent) including manufactures of metals (5 percent); chemicals and related products (10 percent); mineral fuels, lubricants and related materials (7 percent) due to petroleum, petroleum products (6 percent); food and live animals (6 percent); and crude materials, inedible, except fuels (6 percent). Sweden was the biggest source of imports (12 percent of total imports), followed by Germany (11 percent), China (10 percent), the US (8 percent), Denmark (6 percent), the UK (5 percent), Poland and the Netherlands (4 percent each).