Imports to Norway dropped 10.8 percent from a year earlier to NOK 55.51 billion in April 2020, as purchases fell for mineral fuels, lubricants and related materials (-31.7 percent), machinery and transport equipment (-28.2 percent), and miscellaneous manufactured articles (-15.7 percent).

Imports in Norway averaged 18986.89 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 May of 2020. source: Statistics Norway

Imports in Norway is expected to be 56000.00 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 2021, according to our econometric models.

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Norway Imports

Actual Previous Highest Lowest Dates Unit Frequency
55507.00 68993.00 83879.95 696.00 1960 - 2020 NOK Million Monthly

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 3249.00 1275.00 48677.18 -5680.00 NOK Million [+]
Current Account 19073.00 19073.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 7.10 4.60 16.20 -6.10 percent [+]
Imports 55507.00 68993.00 83879.95 696.00 NOK Million [+]
Exports 58756.00 70268.00 98223.26 449.00 NOK Million [+]
External Debt 5733170.00 5631357.00 5733170.00 0.00 NOK Million [+]
Terms of Trade 96.52 94.46 115.90 75.84 points [+]
Capital Flows 2216.00 -23983.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1682.00 1785.00 3417.00 2.00 BBL/D/1K [+]
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 26976.00 24025.00 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