Norway recorded a trade surplus of 23.54 NOK billion in February of 2017, a surge of 80.8 percent from the same month a year earlier, as exports jumped while imports fell. Year-on-year, sales grew by 18.0 percent to 71.24 NOK billion, driven by ships and oil platforms (728.5 percent), natural gas condensates (633.8 percent), crude oil (51.9 percent) and natural gas (21.8 percent). Imports declined by 3.7 percent to 47.71 NOK billion, mainly due to a 12.1 percent fall in purchases of food and live animals, a 10.3 percent drop in purchases of beverages and tobacco and a 6.3 percent fall in imports of machinery and transport equipment. In contrast, imports rose for ships and oil platforms (3.9 percent). In January, trade surplus was upwardly revised to 26.66 NOK billion. Balance of Trade in Norway averaged 8348.41 NOK Million from 1960 until 2017, reaching an all time high of 48677.18 NOK Million in January of 2014 and a record low of -5680 NOK Million in April of 1986.

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The trade surplus went down to NOK 233.7 billion in 2015 from NOK 347.7 billion in 2014, a decline of NOK 114 billion, as exports shrank 7 percent mainly due to a dramatic drop in oil exports of about 30 percent while imports expanded 10 percent. In parallel with the drop in oil price, the Norwegian krone weakened against major international currencies leading to a higher value of Norwegian exports, but at the same time made Norwegian imports more expensive. Norway exports natural gas, crude oil, machinery and transport equipment, manufactured goods and food. The country imports machinery and equipment, chemicals, metals, and foodstuffs. European Union is by far its largest trading partner (mainly UK, Germany and Sweden), accounting for about 80 percent of exports and 60 percent of imports. This page provides the latest reported value for – Norway Balance of Trade – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Balance of Trade – actual data, historical chart and calendar of releases – was last updated on March of 2017.
Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
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23539.00 | 26661.00 | 48677.18 | -5680.00 | 1960 – 2017 | NOK Million | Monthly |
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Afghanistan | -7159.00 | Dec/15 | USD Million | Yearly | |
Albania | -15870.70 | Jan/17 | ALL Million | Monthly | |
Algeria | -1308.00 | Dec/15 | USD Million | Monthly | |
Angola | 4470.03 | Jun/16 | USD Million | Quarterly | |
Argentina | -106.00 | Jan/17 | USD Million | Monthly | |
Armenia | -115.70 | Jan/17 | USD Million | Monthly | |
Aruba | -465.10 | Sep/16 | AFI Million | Quarterly | |
Australia | 1302.00 | Jan/17 | AUD Million | Monthly | |
Austria | -639.00 | Dec/16 | EUR Million | Monthly | |
Azerbaijan | 981353.00 | Sep/16 | USD Thousand | Quarterly | |
Bahamas | -557.30 | Dec/16 | BSD Million | Quarterly | |
Bahrain | 312.40 | Dec/15 | BHD Million | Yearly | |
Bangladesh | -113.51 | Nov/16 | BDT Billion | Monthly | |
Barbados | -213020.00 | Nov/16 | BDS Thousand | Monthly | |
Belarus | -493.30 | Dec/16 | USD Million | Monthly | |
Belgium | 208.30 | Jan/17 | EUR Million | Monthly | |
Belize | -106.50 | Jan/17 | BZ $ Million | Monthly | |
Benin | -379.80 | Dec/16 | CFA Franc Billion | Quarterly | |
Bhutan | -35828.70 | Dec/16 | Million BTN | Yearly | |
Bolivia | -265.44 | Dec/16 | USD Million | Monthly | |
Bosnia and Herzegovina | -564058.59 | Jan/17 | BAM Thousand | Monthly | |
Botswana | -24.00 | Dec/16 | BWP Million | Monthly | |
Brazil | 4560.00 | Feb/17 | USD Million | Monthly | |
Brunei | 203.30 | Dec/16 | Million BND | Monthly | |
Bulgaria | -271.70 | Jan/17 | BGN Million | Monthly | |
Burkina Faso | -86.40 | Mar/16 | CFA Franc Billion | Monthly | |
Burundi | -80745.50 | Nov/16 | BIF Million | Monthly | |
Cambodia | -554.50 | Sep/16 | KHR Billion | Monthly | |
Cameroon | -1189.42 | Dec/14 | CFA Franc Billion | Yearly | |
Canada | 806.90 | Jan/17 | CAD Million | Monthly | |
Cape Verde | -5560.90 | Nov/16 | CVE Million | Monthly | |
Cayman Islands | -746.00 | Dec/15 | KYD Million | Yearly | |
Central African Republic | -29.80 | Jun/14 | CFA Franc Billion | Quarterly | |
Chad | 1166.10 | Dec/11 | CFA Franc Billion | Yearly | |
Chile | 236.10 | Feb/17 | USD Million | Monthly | |
China | -91.50 | Feb/17 | USD HML | Monthly | |
Colombia | -0.92 | Jan/17 | USD Billion | Monthly | |
Comoros | -73203.00 | Dec/16 | KMF Million | Yearly | |
Congo | 1001.80 | Dec/14 | USD Million | Yearly | |
Costa Rica | -539.10 | Jan/17 | USD Million | Monthly | |
Croatia | -3332.68 | Jan/17 | HRK Million | Monthly | |
Cuba | -9578.00 | Dec/15 | CUC Million | Yearly | |
Cyprus | -317903.00 | Jan/17 | EUR Thousand | Monthly | |
Czech Republic | 48458.00 | Jan/17 | CZK Million | Monthly | |
Denmark | 4999.40 | Jan/17 | DKK Million | Monthly | |
Djibouti | -168260.00 | Dec/15 | DJF Million | Yearly | |
Dominican Republic | -589.40 | Jun/16 | USD Million | Monthly | |
East Timor | -9404.27 | Dec/16 | USD Thousand | Monthly | |
Ecuador | -4135.00 | Jan/17 | USD Thousand | Monthly | |
Egypt | -2379.00 | Dec/16 | USD Million | Monthly | |
El Salvador | -412.80 | Jan/17 | USD Million | Monthly | |
Equatorial Guinea | 2723.70 | Dec/10 | CFA Franc Billion | Yearly | |
Eritrea | -833.00 | Dec/15 | CAF Million | Yearly | |
Estonia | -430.33 | Jan/17 | EUR Million | Monthly | |
Ethiopia | -3565.10 | Sep/16 | USD Million | Quarterly | |
Euro Area | -593.40 | Jan/17 | EUR Million | Monthly | |
European Union | -16240.40 | Jan/17 | EUR Million | Monthly | |
Fiji | -204403.00 | Sep/16 | Thousand FJD | Monthly | |
Finland | -455.00 | Jan/17 | EUR Million | Monthly | |
France | -7940.00 | Jan/17 | EUR Million | Monthly | |
Gabon | 3711.95 | Dec/13 | FCFA Million | Yearly | |
Gambia | -2344.80 | Jun/16 | million GMD | Quarterly | |
Georgia | -411.80 | Feb/17 | USD Million | Monthly | |
Germany | 14800.00 | Jan/17 | EUR Million | Monthly | |
Ghana | -452.40 | Sep/16 | USD Million | Quarterly | |
Greece | -2336.70 | Jan/17 | EUR Million | Monthly | |
Guatemala | -541.00 | Jan/17 | USD Million | Monthly | |
Guinea | 32.97 | Sep/16 | USD Million | Quarterly | |
Guinea Bissau | 8.20 | Dec/15 | CFA Franc Million | Yearly | |
Guyana | -133.90 | Sep/16 | USD Million | Quarterly | |
Haiti | -236.40 | Sep/16 | USD Million | Monthly | |
Honduras | -490.00 | Nov/16 | USD Million | Monthly | |
Hong Kong | -12345.00 | Jan/17 | HKD Million | Monthly | |
Hungary | 203000.00 | Jan/17 | HUF Million | Monthly | |
Iceland | -10900.00 | Feb/17 | ISK Million | Monthly | |
India | -8896.30 | Feb/17 | USD Million | Monthly | |
Indonesia | 1318.90 | Feb/17 | USD Million | Monthly | |
Iran | 4127.00 | Sep/16 | USD Million | Quarterly | |
Iraq | 4397.00 | Dec/15 | USD Million | Yearly | |
Ireland | 5745100.00 | Jan/17 | EUR Thousand | Monthly | |
Israel | -702.90 | Feb/17 | USD Million | Monthly | |
Italy | -573.67 | Jan/17 | EUR Million | Monthly | |
Ivory Coast | 1256.00 | Dec/15 | CFA Franc Million | Yearly | |
Jamaica | -723200.00 | Jun/16 | USD Thousand | Quarterly | |
Japan | -1086.90 | Jan/17 | JPY Billion | Monthly | |
Jordan | -721456.00 | Dec/16 | JOD Thousands | Monthly | |
Kazakhstan | 1289.20 | Jan/17 | USD Million | Monthly | |
Kenya | -76470.00 | Dec/16 | Million KES | Monthly | |
Kosovo | -125400.00 | Jan/17 | EUR Thousand | Monthly | |
Kuwait | 1693.00 | Dec/16 | KWD Million | Quarterly | |
Kyrgyzstan | -114.40 | Dec/16 | USD Million | Monthly | |
Laos | -339.15 | Jun/16 | USD Million | Quarterly | |
Latvia | -175.40 | Jan/17 | EUR Million | Monthly | |
Lebanon | -1372.78 | Jan/17 | USD Million | Monthly | |
Lesotho | -2305.61 | Sep/16 | LSL Million | Quarterly | |
Liberia | -82.20 | Sep/16 | USD Million | Monthly | |
Libya | -7687.60 | Dec/15 | LYD Million | Yearly | |
Liechtenstein | 343493.00 | Dec/16 | Thousand CHF | Quarterly | |
Lithuania | -214.10 | Jan/17 | EUR Million | Monthly | |
Luxembourg | -0.37 | Dec/16 | EUR Billion | Monthly | |
Macau | -5586600.00 | Jan/17 | Thousand MOP | Monthly | |
Macedonia | -119844.00 | Jan/17 | USD Thousands | Monthly | |
Madagascar | 20810.00 | Dec/16 | million MGA | Monthly | |
Malawi | -53950.00 | Mar/16 | MWK Million | Monthly | |
Malaysia | 4711.86 | Jan/17 | MYR Million | Monthly | |
Maldives | -171.90 | Nov/16 | USD Million | Monthly | |
Mali | -226.10 | Sep/15 | CFA Franc Billion | Quarterly | |
Malta | -366567.00 | Jan/17 | EUR Thousand | Monthly | |
Mauritania | -79.64 | Mar/16 | MRO Billion | Quarterly | |
Mauritius | -7927.00 | Dec/16 | MUR Million | Monthly | |
Mexico | -3294.00 | Jan/17 | USD Million | Monthly | |
Moldova | -127.30 | Jan/17 | USD Million | Monthly | |
Monaco | -165.20 | Sep/16 | EUR Million | Quarterly | |
Mongolia | 183.00 | Feb/17 | USD Million | Monthly | |
Montenegro | -70238.00 | Jan/17 | EUR Thousand | Monthly | |
Morocco | -16689.00 | Dec/16 | MAD Million | Monthly | |
Mozambique | -434.30 | Sep/16 | USD Million | Quarterly | |
Myanmar | -303.20 | May/16 | USD Million | Monthly | |
Namibia | -6654.37 | Sep/16 | NAD Million | Quarterly | |
Nepal | -80884.00 | Jun/16 | Million NPR | Monthly | |
Netherlands | 4582.00 | Jan/17 | EUR Million | Monthly | |
New Caledonia | -7307.00 | Oct/16 | XPF Million | Monthly | |
New Zealand | -284.72 | Jan/17 | NZD Million | Monthly | |
Nicaragua | -268.30 | Dec/16 | USD Million | Monthly | |
Niger | -108402.00 | Sep/16 | FCFA Million | Quarterly | |
Nigeria | 227044.30 | Dec/16 | NGN Millions | Monthly | |
North Korea | -476.67 | Dec/15 | USD Million | Yearly | |
Norway | 23539.00 | Feb/17 | NOK Million | Monthly | |
Oman | 90.00 | Sep/16 | OMR Million | Monthly | |
Pakistan | -293929.00 | Feb/17 | PKR Million | Monthly | |
Palestine | -372.00 | Dec/16 | USD Million | Monthly | |
Panama | -894143.61 | Jan/17 | PAB Thousand | Monthly | |
Papua New Guinea | 3223.00 | Jun/16 | PGK Million | Quarterly | |
Paraguay | 100105.00 | Feb/17 | USD Thousands | Monthly | |
Peru | 150.00 | Jan/17 | USD Million | Monthly | |
Philippines | -2313784.93 | Jan/17 | USD Thousand | Monthly | |
Poland | 225.00 | Jan/17 | EUR Million | Monthly | |
Portugal | -940.50 | Jan/17 | EUR Million | Monthly | |
Puerto Rico | 2830.80 | Dec/16 | USD Million | Monthly | |
Qatar | 10981.00 | Jan/17 | QAR Million | Monthly | |
Republic of the Congo | 4092.35 | Dec/10 | CFA Franc Billion | Yearly | |
Romania | -602.20 | Jan/17 | EUR Million | Monthly | |
Russia | 11445.00 | Jan/17 | USD Million | Monthly | |
Rwanda | -116.57 | Nov/16 | USD Million | Monthly | |
Sao Tome and Principe | -27.04 | Dec/16 | USD Million | Quarterly | |
Saudi Arabia | 73133.00 | Sep/16 | Million SAR | Quarterly | |
Senegal | -149.50 | Jan/17 | CFA Franc Billion | Monthly | |
Serbia | -319.10 | Jan/17 | USD Million | Monthly | |
Seychelles | -39.60 | Jan/17 | USD Million | Monthly | |
Sierra Leone | -52.89 | Jun/16 | USD Million | Monthly | |
Singapore | 7752.90 | Feb/17 | Million SGD | Monthly | |
Slovakia | 152.00 | Jan/17 | EUR Million | Monthly | |
Slovenia | 45.30 | Jan/17 | EUR Million | Monthly | |
Somalia | -1473.48 | Dec/15 | USD Million | Yearly | |
South Africa | -10811.59 | Jan/17 | ZAR Million | Monthly | |
South Korea | 7220.00 | Feb/17 | USD Million | Monthly | |
South Sudan | -104.70 | Dec/15 | SSP Million | Yearly | |
Spain | -2447000.00 | Dec/16 | EUR Thousand | Monthly | |
Sri Lanka | -910.00 | Jan/17 | USD Million | Monthly | |
Sudan | -477522.00 | Dec/16 | USD Thousand | Monthly | |
Suriname | 154.40 | Dec/16 | USD Million | Quarterly | |
Swaziland | -320.72 | Jun/16 | SZL Million | Quarterly | |
Sweden | 1500.00 | Jan/17 | SEK million | Monthly | |
Switzerland | 4733.00 | Jan/17 | CHF million | Monthly | |
Syria | 9394.50 | Dec/10 | SYP Million | Monthly | |
Taiwan | 3360.00 | Feb/17 | USD Million | Monthly | |
Tajikistan | -196.00 | Dec/16 | USD Million | Monthly | |
Tanzania | -26.00 | Nov/16 | USD Million | Monthly | |
Thailand | 825.91 | Jan/17 | USD Million | Monthly | |
Togo | -74.03 | Jun/16 | CFA Franc Billion | Monthly | |
Trinidad and Tobago | -364.10 | Jun/16 | USD Million | Quarterly | |
Tunisia | 1288.80 | Feb/17 | TNT Million | Monthly | |
Turkey | -4308.50 | Jan/17 | USD Million | Monthly | |
Turkmenistan | 2181.97 | Dec/15 | USD Million | Yearly | |
Uganda | -192.30 | Jan/17 | USD Million | Monthly | |
Ukraine | -86.70 | Jan/17 | USD Million | Monthly | |
United Arab Emirates | 328300.00 | Dec/15 | AED Million | Yearly | |
United Kingdom | -1966.00 | Jan/17 | GBP Million | Monthly | |
United States | -48492.00 | Jan/17 | USD Million | Monthly | |
Uruguay | -36256.00 | Jan/17 | USD Thousand | Monthly | |
Uzbekistan | 455.00 | Dec/15 | USD Million | Quarterly | |
Venezuela | -782.00 | Sep/15 | USD Million | Quarterly | |
Vietnam | -2000.00 | Feb/17 | USD Million | Monthly | |
Yemen | -2914.30 | Dec/13 | USD Million | Yearly | |
Zambia | -998.80 | Sep/16 | ZMK Million | Monthly | |
Zimbabwe | -241.27 | Aug/16 | USD Million | Monthly |