Norway Exports

Exports from Norway declined by 3.2 pecent year-on-year to NOK 77.4 billion in May 2019, driven by mineral fuels, lubricants and related materials (-9.3 percent), and machinery and transport equipment (-2.6 percent). On the other hand, sales advanced for food and live animals (5 percent), chemicals and related products (4.4 percent), and and manufactured goods (11.2 percent). Exports in Norway averaged 27165.75 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 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.

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Norway Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	11344.00	17250.00	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	66056.00	62310.00	83879.95	696.00	NOK Million	[+]
Exports	77400.00	79560.00	98223.26	449.00	NOK Million	[+]
External Debt	5482151.00	5425403.00	5585278.00	0.00	NOK Million	[+]
Terms of Trade	95.88	101.62	115.90	75.84	Index Points	[+]
Capital Flows	32462.00	46939.00	189108.00	-61109.00	NOK Million	[+]
Crude Oil Production	1420.00	1488.00	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 June of 2019.