Overview In April 2023, Norway exported NOK3.01B and imported NOK2.51B from Italy, resulting in a positive trade balance of NOK504M. Between April 2022 and April 2023 the exports of Norway have increased by NOK1.68B (126%) from NOK1.33B to NOK3.01B, while imports increased by NOK439M (21.2%) from NOK2.07B to NOK2.51B.
Trade In April 2023, the top exports of Norway to Italy were Fish (not marine mammals), crustaceans, molluscs... (NOK453M), Petroleum, petroleum products and related materials (NOK440M), Non-ferrous metals (NOK324M), Paper, paperboard and articles of paper... (NOK27.4M), and Medicinal and pharmaceutical products (NOK24.6M). In April 2023 the top imports of Norway from Italy were General industrial machinery and equipment, n.e.s.,... (NOK220M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK140M), Road vehicles (including air-cushion vehicles) (NOK105M), Medicinal and pharmaceutical products (NOK102M), and Vegetables and fruit (NOK86.7M).
Growth In April 2023, the increase in Norway's year-by-year exports to Italy was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK440M or 14.7M%), Non-ferrous metals (NOK163M or 102%), and Fish (not marine mammals), crustaceans, molluscs... (NOK102M or 29%). In April 2023, the increase in Norway's year-by-year imports from Italy was explained primarily by an increase in product imports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK33M or 30.8%), Medicinal and pharmaceutical products (NOK27M or 35.8%), and Other transport equipment (NOK25.9M or 305%).