Exports from Norway plunged 15.6 percent from a year earlier to NOK 55.8 billion in June 2020, due to lower sales of crude materials, inedible, except fuels (-3.1 percent), mineral fuels, lubricants & related materials (-29.4 percent), chemicals and related products n.e.s (-0.3 percent), manufactured goods classified chiefly by material (-2.4 percent), machinery & transport equipment (-13.1 percent).

Exports in Norway averaged 27883.75 NOK Million from 1960 until 2020, 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. 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 August of 2020. source: Statistics Norway

Exports in Norway is expected to be 47700.00 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 56900.00 in 12 months time. In the long-term, the Norway Exports is projected to trend around 74400.00 NOK Million in 2021 and 86400.00 NOK Million in 2022, according to our econometric models.

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Norway Exports

Actual Previous Highest Lowest Dates Unit Frequency
55787.00 56145.00 98223.26 449.00 1960 - 2020 NOK Million Monthly


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).

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category