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.