Norway ImportsDecember 2022 Data - 1960-2021 Historical - January Forecast - Chart

Name: Norway Imports
Creator: TRADING ECONOMICS
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Keywords: Norway,Imports,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Imports to Norway rose by 14.7 percent to NOK 91 billion year-on-year in December 2022, as purchases increased mainly for mineral fuels, lubricants and related materials (72.1 percent), animal and vegetable oils, fats and waxes (57.3 percent) and other commodities and transactions (33.6 percent). On the other hand, arrivals decreased for beverages and tobacco (-0.3 percent) and chemicals and related products (-0.3 percent). source: Statistics Norway

Imports in Norway averaged 21482.78 NOK Million from 1960 until 2022, reaching an all time high of 96311.08 NOK Million in November of 2022 and a record low of 696.00 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 January of 2023.

Imports in Norway is expected to be 101500.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Imports is projected to trend around 148200.00 NOK Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	148775.27	99996.95	NOK Million	Dec 2022
Current Account	570571.00	321927.00	NOK Million	Sep 2022
Current Account to GDP	15.00	1.10	percent of GDP	Dec 2021
Imports	90974.00	96311.08	NOK Million	Dec 2022
Exports	239749.27	196308.03	NOK Million	Dec 2022
External Debt	7971397.00	7110386.00	NOK Million	Sep 2022
Terms of Trade	92.56	100.75	points	Dec 2022
Capital Flows	545220.00	216799.00	NOK Million	Sep 2022
Oil Exports	39156.00	45215.00	NOK Million	Dec 2022
Foreign Direct Investment	43365.00	82521.00	NOK Million	Sep 2022

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).