Exports from Norway fell 3.2 percent from a year earlier to NOK 79.7 billion in March 2019, mainly dragged by mineral fuels, lubricants and related materials (-11.3 percent) and manufactured goods (-1.9 percent). By contrast, exports of machinery and transport equipment jumped 29.7 percent while those of food and live animals increased 3.5 percent. Considering the first quarter of the year, exports rose 0.9 percent year-on-year to NOK 245.8 billion. Exports in Norway averaged 27011.61 NOK Million from 1960 until 2019, reaching an all time high of 99710.44 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 75400.00 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 82400.00 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.