Imports to Norway rose 1.4 percent from a year earlier to NOK 68.5 billion in September 2020, as purchases increased for food and live animals (22.5%), manufactured goods classified chiefly by material (6.7%), miscellaneous manufactured articles (12.8%) and chemicals and related products n.e.s (6.7%), but were down for machinery and transport equipment (-1.7%), crude materials, inedible, except fuels (-5.0%) and mineral fuels, lubricants and related materials (-49.4%). source: Statistics Norway

Imports in Norway averaged 19164.34 NOK Million from 1960 until 2020, 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. This page provides the latest reported value for - Norway Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Imports - values, historical data and charts - was last updated on October of 2020.

Imports in Norway is expected to be 64200.00 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 67600.00 in 12 months time. In the long-term, the Norway Imports is projected to trend around 62200.00 NOK Million in 2021 and 66200.00 NOK Million in 2022, according to our econometric models.

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Norway Imports

Actual Previous Highest Lowest Dates Unit Frequency
68460.00 60436.00 83879.95 696.00 1960 - 2020 NOK Million Monthly

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade -8041.00 -3375.00 48677.18 -10352.00 NOK Million [+]
Current Account 20482.00 63231.00 122730.00 -16125.00 NOK Million [+]
Current Account to GDP 4.10 7.10 16.20 -6.10 percent [+]
Imports 68460.00 60436.00 83879.95 696.00 NOK Million [+]
Exports 60419.00 57061.00 98223.26 449.00 NOK Million [+]
External Debt 6328877.00 6638702.00 6638702.00 0.00 NOK Million [+]
Terms of Trade 86.37 88.89 115.90 75.84 points [+]
Capital Flows 12534.00 141931.00 189108.00 -149083.00 NOK Million [+]
Crude Oil Production 1560.00 1775.00 3417.00 2.00 BBL/D/1K [+]
Oil Exports 15593.00 18378.00 37132.00 0.00 NOK Million [+]
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 -34300.00 -76651.00 118173.00 -220006.00 NOK Million [+]


Norway Imports
In 2019, imports to Norway rose 6 percent from the previous year to an all-time high of NOK 756 billion. Main imports were: machinery and transport equipment (40 percent of total imports) led by road vehicles (12 percent), electrical machinery and apparatus (6 percent), general industrial machinery and equipment (5 percent), machinery for special industries (4 percent), telecommunications apparatus and equipment (4 percent) and other transport equipment including ships (4 percent); miscellaneous manufactured articles (14 percent) such as articles of apparel and accessories (3 percent); manufactured goods classified chiefly by material (14 percent) including manufactures of metals (5 percent); chemicals and related products (10 percent); mineral fuels, lubricants and related materials (7 percent) due to petroleum, petroleum products (6 percent); food and live animals (6 percent); and crude materials, inedible, except fuels (6 percent). Sweden was the biggest source of imports (12 percent of total imports), followed by Germany (11 percent), China (10 percent), the US (8 percent), Denmark (6 percent), the UK (5 percent), Poland and the Netherlands (4 percent each).

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