Overview In April 2023 Norway exported NOK154B and imported NOK77.5B, resulting in a positive trade balance of NOK76.1B. Between April 2022 and April 2023 the exports of Norway have decreased by NOK-11.9B (-7.21%) from NOK166B to NOK154B, while imports increased by NOK4.82B (6.63%) from NOK72.7B to NOK77.5B.
Trade In April 2023, the top exports of Norway were Gas, natural and manufactured (NOK54.7B), Petroleum, petroleum products and related materials (NOK51.3B), Fish (not marine mammals), crustaceans, molluscs... (NOK12.6B), Non-ferrous metals (NOK7.25B), and Electric current (NOK2.61B). In April 2023 the top imports of Norway were Road vehicles (including air-cushion vehicles) (NOK10.2B), Petroleum, petroleum products and related materials (NOK5.73B), Metalliferous ores and metal scrap (NOK4.96B), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK4.64B), and General industrial machinery and equipment, n.e.s.,... (NOK4.29B).
Destinations In April 2023, Norway exported mostly to Germany (NOK30.7B), United Kingdom (NOK27.3B), Netherlands (NOK12.3B), Sweden (NOK12.1B), and Poland (NOK10.9B), and imported mostly from Sweden (NOK9.34B), Germany (NOK9.01B), China (NOK7.78B), United States (NOK5.03B), and United Kingdom (NOK3.91B).
Growth In April 2023, the decrease in Norway's year-by-year exports was explained primarily by an decrease in exports to Germany (NOK-12.2B or -28.4%), United Kingdom (NOK-6.51B or -19.2%), and France (NOK-4.64B or -33.2%), and product exports decrease in Gas, natural and manufactured (NOK-20.8B or -27.6%), Non-ferrous metals (NOK-1.23B or -14.6%), and Iron and steel (NOK-676M or -31.9%). In April 2023, the increase in Norway's year-by-year imports was explained primarily by an increase in imports from Canada (NOK1.59B or 106%), United Kingdom (NOK1.29B or 49.5%), and Germany (NOK1.24B or 16%), and product imports increase in Road vehicles (including air-cushion vehicles) (NOK2.77B or 37.3%), Metalliferous ores and metal scrap (NOK1.4B or 39.3%), and General industrial machinery and equipment, n.e.s.,... (NOK1.13B or 35.9%).