Norway recorded a trade surplus of NOK 84.2 billion in April 2026, expanding from NOK 53.2 billion in the same month last year, driven by strong export growth. Exports jumped 20.9% year-on-year to NOK 176.7 billion, largely due to a sharp increase in shipments of mineral fuels, lubricants, and related materials (40.7%). Meanwhile, imports decreased by 0.4% to NOK 92.5 billion amid declines in most product groups, particularly miscellaneous manufactured articles (-2.0%), manufactured goods classified chiefly by material (-10.2%), and chemicals and related products n.e.s. (-0.2%), which offset a rise in machinery and transport equipment imports (2.3%). For the January–April period, the country posted a trade surplus of NOK 299.4 billion, up 4.9% from the corresponding period a year earlier, as exports (2.6%) grew faster than imports (0.9%). source: Statistics Norway

Norway recorded a trade surplus of 84219 NOK Million in April of 2026. Balance of Trade in Norway averaged 13920.25 NOK Million from 1960 until 2026, reaching an all time high of 230314.00 NOK Million in August of 2022 and a record low of -9403.00 NOK Million in June of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Norway recorded a trade surplus of 84219 NOK Million in April of 2026. Balance of Trade in Norway is expected to be 44989.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Balance of Trade is projected to trend around 84900.00 NOK Million in 2027 and 85100.00 NOK Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-15 06:00 AM
Balance of Trade
Mar NOK97.5B NOK44.9B NOK 58.8B
2026-05-15 06:00 AM
Balance of Trade
Apr NOK84.2B NOK96.4B NOK105.0B
2026-06-15 06:00 AM
Balance of Trade
May NOK84.2B


Related Last Previous Unit Reference
Balance of Trade 84219.00 96377.00 NOK Million Apr 2026
Capital Flows 85412.00 168176.00 NOK Million Dec 2025
Current Account 153109.00 177426.00 NOK Million Dec 2025
Current Account to GDP 14.20 15.30 percent of GDP Dec 2025
Exports 176681.00 200345.00 NOK Million Apr 2026
External Debt 8606347.00 8082770.00 NOK Million Dec 2025
Foreign Direct Investment -25366.00 7702.00 NOK Million Dec 2025
Imports 92463.00 103969.00 NOK Million Apr 2026
Oil Exports 61354.00 57376.00 NOK Million Apr 2026
Terms of Trade 124.35 130.84 points Dec 2025


Norway Balance of Trade
The Norwegian trade balance has been in surplus since 1989 and hit NOK 531 billion in 2021, the highest trade surplus ever, mainly due to a much higher price growth on average of goods exported than those imported. Exports increased by 77% to NOK 1,377.8 billion, strongly driven by high prices for energy products, metals and fish. Export income from oil and gas accounted for more than 60% of all merchandise exports in 2021. Imports rose by NOK 82.1 billion from a year earlier to NOK 846.8 billion in 2021. Around a quarter of this increase is due to high imports of passenger cars, which increased by 36.5% and amounted to NOK 72.1 billion. The EU countries, Great Britain, China and the United States are the most important trading partners for Norway.
Actual Previous Highest Lowest Dates Unit Frequency
84219.00 96377.00 230314.00 -9403.00 1960 - 2026 NOK Million Monthly
Current Prices, NSA

News Stream
Norway Trade Surplus Widens in April
Norway recorded a trade surplus of NOK 84.2 billion in April 2026, expanding from NOK 53.2 billion in the same month last year, driven by strong export growth. Exports jumped 20.9% year-on-year to NOK 176.7 billion, largely due to a sharp increase in shipments of mineral fuels, lubricants, and related materials (40.7%). Meanwhile, imports decreased by 0.4% to NOK 92.5 billion amid declines in most product groups, particularly miscellaneous manufactured articles (-2.0%), manufactured goods classified chiefly by material (-10.2%), and chemicals and related products n.e.s. (-0.2%), which offset a rise in machinery and transport equipment imports (2.3%). For the January–April period, the country posted a trade surplus of NOK 299.4 billion, up 4.9% from the corresponding period a year earlier, as exports (2.6%) grew faster than imports (0.9%).
2026-05-15
Norway Posts Largest Trade Surplus in Over 3 Years
Norway’s trade surplus widened to NOK 97.5 billion in March 2026 from NOK 58.9 billion in the same month a year ago. This marked the largest trade surplus since January 2023, as exports rose much faster than imports. Exports surged by 28.5% year-on-year to NOK 199.9 billion, driven mainly by a 33.7% jump in shipments of mineral fuels, lubricants, and related materials. Exports of machinery and transport equipment (54.4%), food and live animals (3.1%), and manufactured goods classified chiefly by material (7.5%) also went up. Meanwhile, imports grew by 5.9% to NOK 102.5 billion, largely due to increased purchases of machinery and transport equipment (14.7%), miscellaneous manufactured articles (5.8%), and chemicals and related products n.e.s. (12.8%). For the first quarter of the year, the country recorded a trade surplus of NOK 218.2 billion, down 5.6% from the same period last year, with exports (-2.6%) falling more than imports (-0.1%).
2026-04-15
Norway Trade Surplus Narrows in February
Norway recorded a trade surplus of NOK 44.8 billion in February 2026, narrowing from NOK 80.9 billion in the corresponding month of the previous year, as exports dropped while imports rose. Year-on-year, exports plunged by 20.9% to NOK 133.1 billion, mainly due to lower shipments of natural gas (-34.4%) and crude oil (-12.4%). Among commodity groups, exports of fuels, lubricating oils, electric power (-26.6%), animal and vegetable oils, fats and waxes (-6.3%), and machinery and means of transport (-31.5%) mostly declined. Meanwhile, imports rose by 1.2% to NOK 88.3 billion, largely driven by higher purchases of fuels, lubricating oils, electric power (21.7%), machinery and means of transport (9.1%), and chemical products (3.2%), while imports of ships and oil platforms dropped by 35.8%. For the first two months of the year, the country recorded a trade surplus of NOK 120.6 billion, down 30% from the same period last year, as exports (-16.7%) decreased more than imports (-3.4%).
2026-03-16