Exports from Norway declined by 3.2 pecent year-on-year to NOK 77.4 billion in May 2019, driven by mineral fuels, lubricants and related materials (-9.3 percent), and machinery and transport equipment (-2.6 percent). On the other hand, sales advanced for food and live animals (5 percent), chemicals and related products (4.4 percent), and and manufactured goods (11.2 percent). Exports in Norway averaged 27165.75 NOK Million from 1960 until 2019, reaching an all time high of 98223.26 NOK Million in October of 2018 and a record low of 449 NOK Million in July of 1960.
Exports in Norway is expected to be 75400.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Norway to stand at 82400.00 in 12 months time. In the long-term, the Norway Exports is projected to trend around 89400.00 NOK Million in 2020, according to our econometric models.