Overview In July 2021 Norway exported NOK18.2M and imported NOK62.1M from Germany, resulting in a negative trade balance of NOK43.9M. Between July 2020 and July 2021 the exports of Norway have increased by NOK7.18M (65.2%) from NOK11M to NOK18.2M, while imports decreased by NOK-47.9M (-43.5%) from NOK110M to NOK62.1M.
Trade In July 2021, the top exports of Norway to Germany were Machinery for special industries (NOK9.94M), Vegetables and fruit (NOK3.86M), Road vehicles (NOK2.09M), Power generating machinery and equipment (NOK841k), and Organic chemicals (NOK565k). In July 2021 the top imports of Norway from Germany were Textile yarn, fabrics, made-up articles (NOK25.9M), Medicinal and pharmaceutical products (NOK24.7M), Vegetables and fruit (NOK4.51M), Organic chemicals (NOK3.87M), and Road vehicles (NOK703k).
Growth In July 2021, the increase in Norway's year-by-year exports to Germany was explained primarily by an increase in product exports in Machinery for special industries (NOK3.86M or 63.5%), Vegetables and fruit (NOK1.56M or 67.8%), and Road vehicles (NOK1.31M or 168%). In July 2021, the decrease in Norway's year-by-year imports from Germany was explained primarily by an decrease in product imports in Road vehicles (NOK-41.2M or -98.3%), Textile yarn, fabrics, made-up articles (NOK-9.76M or -27.4%), and Vegetables and fruit (NOK-2.97M or -39.6%).