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.