Imports to Norway increased 10.1 percent from a year earlier to NOK 58.83 billion in December 2019, led by purchases of crude materials, inedible, except fuels (12.3 percent), machinery & transport equipment (12.2 percent), chemicals & related products (8.9 percent), food & live animals (8.1 percent), and manufactured goods (15.1 percent). Considering 2019 full year, imports rose 6.4 percent to NOK 755.6 billion. Imports in Norway averaged 18876.04 NOK Million from 1960 until 2019, reaching an all time high of 83879.95 NOK Million in November of 2017 and a record low of 696 NOK Million in July of 1960. source: Statistics Norway

Imports in Norway is expected to be 64600.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Norway to stand at 58200.00 in 12 months time. In the long-term, the Norway Imports is projected to trend around 66200.00 NOK Million in 2020, according to our econometric models.

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Norway Imports

Actual Previous Highest Lowest Dates Unit Frequency
58831.96 63655.79 83879.95 696.00 1960 - 2019 NOK Million Monthly


Norway Imports
In 2017, Norwegian imports rose by 12 percent from the previous year to NOK 683 billion. Main imports were: motor vehicles, trailers and semi-trailers (11 percent of total imports); machinery and equipment (10 percent); computer, electronic and optical products (9 percent); fabricated metal products, except machinery and equipment (8 percent); other transport equipment (7 percent); chemicals and chemical products (6 percent); food products (6 percent); basic metals (6 percent); electrical equipment (5 percent); and coke and refined petroleum products (4 percent). Main import partners were: Sweden and Germany (11 percent of total imports each); China (10 percent); the US and South Korea (7 percent each); Denmark and the UK (5 percent each); and the Netherlands (4 percent).

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 25569.93 17924.15 48677.18 -5680.00 NOK Million [+]
Current Account 23927.00 26527.00 122730.00 -16125.00 NOK Million [+]
Current Account to GDP 7.10 4.60 16.20 -6.10 percent [+]
Imports 58831.96 63655.79 83879.95 696.00 NOK Million [+]
Exports 84401.89 81579.94 98223.26 449.00 NOK Million [+]
External Debt 5631357.00 5526407.00 5631357.00 0.00 NOK Million [+]
Terms of Trade 94.46 96.40 115.90 75.84 points [+]
Capital Flows -23983.00 102574.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1321.00 1392.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.08 0.15 4.71 0.00 [+]
Weapons Sales 64.00 153.00 278.00 1.00 USD Million [+]
Foreign Direct Investment 27945.00 -49328.00 118173.00 -220006.00 NOK Million [+]


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