Norway Imports

Imports to Norway rose 4.4 percent year-on-year to NOK 66.1 billion in May 2019, led by machinery and transport equipment (11.4 percent), manufactured goods (12.8 percent), miscellaneous manufactured articles (8.7 percent), chemicals (6.2 percent), and food and live animals (7.1 percent). In contrast, purchases dropped for crude materials, inedible, except fuels (-11.6 percent), and mineral fuels, lubricants and related materials (-37.7 percent). Imports in Norway averaged 18447.32 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.

Imports in Norway is expected to be 62100.00 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 64600.00 in 12 months time. In the long-term, the Norway Imports is projected to trend around 72200.00 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 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). 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.