Norway Imports

Imports to Norway rose 8.7% year-on-year to NOK 59.6 billion in July 2019, led by mineral fuels, lubricants and related materials (30.9%); manufactured goods (8.2%); machinery and transport equipment (9.7%); and miscellaneous manufactured articles (13.3%). In contrast, purchases fell for crude materials, inedible, except fuels (-8.4%). Imports in Norway averaged 18564.10 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 61550.00 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 62000.00 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	6457.00	5589.00	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	59592.00	59956.00	83879.95	696.00	NOK Million	[+]
Exports	66060.00	65545.00	98223.26	449.00	NOK Million	[+]
External Debt	5482151.00	5425403.00	5585278.00	0.00	NOK Million	[+]
Terms of Trade	95.35	95.88	115.90	75.84	Index Points	[+]
Capital Flows	32462.00	46939.00	189108.00	-61109.00	NOK Million	[+]
Crude Oil Production	1398.00	1417.00	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 August of 2019.