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.