Norway Exports  1960-2016 | Data | Chart | Calendar | Forecast | News

Exports in Norway dropped by 27 percent year-on-year to NOK 59 billion in March of 2016 , the lowest value since August of 2010, mainly due to lower sales of crude oil (-35.4 percent), natural gas (-43.3 percent), machinery and transport equipment (-26.3 percent) and manufactured goods (-9.3 percent). Exports in Norway averaged 24500.47 NOK Million from 1960 until 2016, reaching an all time high of 91176.36 NOK Million in January of 2014 and a record low of 449 NOK Million in July of 1960. Exports in Norway is reported by the Statistics Norway.

Norway Exports
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Actual Previous Highest Lowest Dates Unit Frequency
59001.33 59156.00 91176.36 449.00 1960 - 2016 NOK Million Monthly
Exports amount to approximately 40 percent of Norway’s GDP. In 2015, exports decreased by 7 percent from 2014 and ended just under NOK 850 billion, as a decline in oil prices led to a fall in crude oil exports to just below NOK 200 billion, now lower than sales of natural gas. The country exports mainly: natural gas (27 percent of total exports); crude oil (24 percent), machinery and transport equipment (23 percent), manufactured goods (19 percent), food, beverages and tobacco (19 percent) and fish (18 percent). Main exports partners are: the United Kingdom (22 percent of total exports), Germany (18 percent), the Netherlands (10 percent), France and Sweden (6 percent each). This page provides the latest reported value for - Norway Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Exports - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 9068.13 9452.00 48647.03 -5680.00 NOK Million [+]
Exports 59001.33 59156.00 91176.36 449.00 NOK Million [+]
Imports 49933.21 49704.00 64337.00 696.00 NOK Million [+]
Current Account 54977.00 62079.00 126600.00 -16087.00 NOK Million [+]
Current Account to GDP 8.50 10.00 17.80 -6.10 percent [+]
External Debt 0.00 0.00 70780.00 0.00 NOK Million [+]
Terms of Trade 100.92 103.22 115.90 75.84 Index Points [+]
Capital Flows 61722.00 97406.00 163758.00 -60238.00 NOK Million [+]
Gold Reserves 36.70 36.73 36.83 36.70 Tonnes [+]
Crude Oil Production 1662.00 1682.00 3417.00 2.00 BBL/D/1K [+]
Foreign Direct Investment -72000.00 -37327.00 118173.00 -72000.00 NOK Million [+]
Terrorism Index 2.74 3.41 4.71 0.00 [+]


Last Reference Previous Highest
Exports 59001.33  NOK Million Mar/16 59156.00 91176.36 [+]
Imports 49933.21  NOK Million Mar/16 49704.00 64337.00 [+]