Norway Balance of Trade

Last Release

Dec 31, 2025

Actual

42,912

Units In

NOK Million

41,261

Frequency

Monthly

Next Release

Feb 16, 2026

Time to Release

28 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
197,858 Aug 2022	-9,303 Sep 2020	13,201.82 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 42.9 billion in December 2025 from NOK 78.5 billion in the same month last year, as exports declined and imports rose. Exports shrank by 17.8% year-on-year to NOK 138.7 billion, dragged mainly by lower sales of mineral fuels, lubricants and related materials (-26.8%). Exports of machinery and transport equipment (-3.2%) and manufactured goods classified chiefly by material (-0.6%) also dropped. Meanwhile, imports increased by 6.1% to NOK 95.8 billion, influenced by imports of machinery and transport equipment (10.9%), miscellaneous manufactured articles (4%), and manufactured goods classified chiefly by material (16.8%). For the full year of 2025, Norway recorded a trade surplus of NOK 662.8 billion, down from NOK 720.0 billion in 2024, with exports falling by 1.8% and imports rising by 2.2%.