Norway Balance of Trade

Last Release

Nov 30, 2025

Actual

41,315

Units In

NOK Million

56,090

Frequency

Monthly

Next Release

Jan 15, 2026

Time to Release

29 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
197,858 Aug 2022	-9,303 Sep 2020	13,164.33 NOK Million	1960-2025	Statistics Norway

The Norwegian trade balance has been in surplus since 1989. In 2019, the trade surplus narrowed sharply by 48.3 percent from the previous year to NOK 148 billion amid global trade tensions and weak external demand. The biggest trade surpluses were recorded with the UK, the Netherlands, Germany, France, Belgium, Spain, Iceland, Portugal, Singapore and Ireland; and the largest deficits were recorded with China, the US, Sweden, Russia, Italy, Canada, Brazil, Poland, Czech Republic and Switzerland.

Latest Updates

Norway's trade surplus narrowed to NOK 41.3 billion in November 2025 from NOK 68.8 billion in the corresponding month of the previous year, weighed down by a decline in exports. Exports dropped by 14.8% year-on-year to NOK 139.8 billion, primarily due to lower sales of mineral fuels, lubricants and related materials (-22%). Exports of food and live animals (-4.9%) and manufactured goods classified chiefly by material (-15.5%) also fell. Imports, on the other hand, rose by 3.3% to NOK 98.5 billion, driven mainly by increased purchases of machinery and transport equipment (3.6%), manufactured goods classified chiefly by material (3.3%), and chemicals and related products n.e.s. (5.9%). Over the January–November period, Norway recorded a trade surplus of NOK 619.9 billion, down 3.4% from the same period last year, as exports edged lower (-0.2%) while imports went up (1.8%).