Norway Exports

Exports from Norway slumped 19.1% year-on-year to NOK 66.1 billion in July 2019, due to lower sales of mineral fuels, lubricants and related materials (-32.7%), namely petroleum products (-15.2%) and gas, natural and manufactured (-52.1%). On the other hand, sales advanced for food and live animals (10.7%), manufactured goods (5.3%) and machinery & transport equipment (5%). 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 81210.00 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.

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Norway Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	6457.00	5589.00	48677.18	-5680.00	NOK Million	[+]
Current Account	67779.00	47321.00	122200.00	-16087.00	NOK Million	[+]
Current Account to GDP	8.10	5.70	16.20	-6.10	percent	[+]
Imports	59592.00	59956.00	83879.95	696.00	NOK Million	[+]
Exports	66060.00	65545.00	98223.26	449.00	NOK Million	[+]
External Debt	5482151.00	5425403.00	5585278.00	0.00	NOK Million	[+]
Terms of Trade	95.35	95.88	115.90	75.84	Index Points	[+]
Capital Flows	32462.00	46939.00	189108.00	-61109.00	NOK Million	[+]
Crude Oil Production	1398.00	1417.00	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	-11977.00	-35230.00	118173.00	-219186.00	NOK Million	[+]

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 August of 2019.