Overview In November 2022, Norway exported NOK48.8B and imported NOK13.7B from Germany, resulting in a positive trade balance of NOK35.1B. Between November 2021 and November 2022 the exports of Norway have increased by NOK12B (32.5%) from NOK36.8B to NOK48.8B, while imports increased by NOK4.79B (53.7%) from NOK8.92B to NOK13.7B.
Trade In November 2022, the top exports of Norway to Germany were Gas, natural and manufactured (NOK39.3B), Petroleum, petroleum products and related materials (NOK4.99B), Non-ferrous metals (NOK926M), Electric current (NOK849M), and Fish (not marine mammals), crustaceans, molluscs... (NOK445M). In November 2022 the top imports of Norway from Germany were Road vehicles (including air-cushion vehicles) (NOK7.08B), General industrial machinery and equipment, n.e.s.,... (NOK757M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK680M), Medicinal and pharmaceutical products (NOK657M), and Machinery specialized for particular industries (NOK657M).
Growth In November 2022, the increase in Norway's year-by-year exports to Germany was explained primarily by an increase in product exports in Gas, natural and manufactured (NOK932M or 18.3%), Petroleum, petroleum products and related materials (NOK149M or 16.4%), and Miscellaneous manufactured articles, n.e.s. (NOK80.8M or 248%). In November 2022, the increase in Norway's year-by-year imports from Germany was explained primarily by an increase in product imports in Machinery specialized for particular industries (NOK104M or 36.2%), Other transport equipment (NOK79.5M or 240%), and Fixed vegetable fats and oils, crude,... (NOK71.7M or 2.22k%).