Exports from Norway rose 5.9 percent from a year earlier to NOK 84.4 billion in December 2019, due to sales of mineral fuels, lubricants & related materials (2.9 percent), chemicals & related products (14.6 percent), food & live animals (14.8 percent), manufactured goods (4.8 percent), and machinery & transport equipment (12.7 percent). Considering 2019 full year, exports fell 9.4 percent to NOK 903.9 billion. Exports in Norway averaged 27588.73 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. source: Statistics Norway

Exports in Norway is expected to be 82200.00 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 79900.00 in 12 months time. In the long-term, the Norway Exports is projected to trend around 86400.00 NOK Million in 2020, according to our econometric models.

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Norway Exports

Actual Previous Highest Lowest Dates Unit Frequency
84401.89 81579.94 98223.26 449.00 1960 - 2019 NOK Million Monthly


Norway Exports
In 2017, exports from Norway increased by 12 percent from the previous year to NOK 843 billion, amid a recovery in oil prices. The country exported mainly: crude petroleum and natural gas (49 percent of total exports); coke and refined petroleum products (8 percent); basic metals (8 percent); fish and other fishing products (7 percent); food products (5 percent); chemicals and chemical products (5 percent); and machinery and equipment (4 percent). Main export partners were: the United Kingdom (21 percent of total exports); Germany (16 percent); the Netherlands (10 percent); Sweden (7 percent); France (6 percent); Belgium, Denmark and the US (5 percent each).

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 25569.93 17924.15 48677.18 -5680.00 NOK Million [+]
Current Account 23927.00 26527.00 122730.00 -16125.00 NOK Million [+]
Current Account to GDP 7.10 4.60 16.20 -6.10 percent [+]
Imports 58831.96 63655.79 83879.95 696.00 NOK Million [+]
Exports 84401.89 81579.94 98223.26 449.00 NOK Million [+]
External Debt 5631357.00 5526407.00 5631357.00 0.00 NOK Million [+]
Terms of Trade 94.46 96.40 115.90 75.84 points [+]
Capital Flows -23983.00 102574.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1321.00 1392.00 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 27945.00 -49328.00 118173.00 -220006.00 NOK Million [+]


United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category