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

Exports from Norway shrank 13.1 percent year-on-year to NOK 59 billion in August of 2016, as maintenance led to a 42.2 percent slump in natural gas sales. A total of 7.5 billion standard cubic meters of gas in gaseous form were shipped abroad, which is 16.9 percent lower compared with August 2015. A total of 44.8 million barrels of crude oil were shipped abroad, an increase of 4.8 percent from a year earlier while the average price was estimated at NOK 363 per barrel, NOK 19 lower than last year. In contrast, shipments rose for fish (+32.9 percent), mainly salmon and electrical machinery (nearly +150 percent). Exports in Norway averaged 24741.19 NOK Million from 1960 until 2016, reaching an all time high of 91186.74 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
59006.00 59560.00 91186.74 449.00 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 September of 2016.


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 6763.00 13649.00 48677.18 -5680.00 NOK Million [+]
Exports 59006.00 59560.00 91186.74 449.00 NOK Million [+]
Imports 52244.00 45910.00 64327.68 696.00 NOK Million [+]
Current Account 40311.00 42814.00 122316.00 -16087.00 NOK Million [+]
Current Account to GDP 9.00 12.00 17.80 -6.10 percent [+]
External Debt 0.00 0.00 70780.00 0.00 NOK Million [+]
Terms of Trade 102.26 101.24 115.90 75.84 Index Points [+]
Capital Flows 110010.00 19013.00 166636.00 -60238.00 NOK Million [+]
Gold Reserves 36.70 36.73 36.83 36.70 Tonnes [+]
Crude Oil Production 1607.00 1665.00 3417.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 26658.00 66328.00 118173.00 -59079.00 NOK Million [+]
Terrorism Index 2.74 3.41 4.71 0.00 [+]
Weapons Sales 155.00 114.00 278.00 1.00 USD Million [+]


Last Reference Previous Highest
Exports 59006.00  NOK Million Aug/16 59560.00 91186.74 [+]
Imports 52244.00  NOK Million Aug/16 45910.00 64327.68 [+]