Overview In September 2022, Norway exported NOK9.02B and imported NOK13.9B from Sweden, resulting in a negative trade balance of NOK4.87B. Between September 2021 and September 2022 the exports of Norway have decreased by NOK-430M (-4.55%) from NOK9.45B to NOK9.02B, while imports increased by NOK4.63B (49.9%) from NOK9.26B to NOK13.9B.
Trade In September 2022, the top exports of Norway to Sweden were Petroleum, petroleum products and related materials (NOK3.49B), Gas, natural and manufactured (NOK708M), Non-ferrous metals (NOK418M), Fish (not marine mammals), crustaceans, molluscs... (NOK393M), and Electric current (NOK344M). In September 2022 the top imports of Norway from Sweden were Petroleum, petroleum products and related materials (NOK3.17B), Electric current (NOK2.37B), Road vehicles (including air-cushion vehicles) (NOK1.04B), Manufactures of metals, n.e.s. (NOK582M), and General industrial machinery and equipment, n.e.s.,... (NOK479M).
Growth In September 2022, the decrease in Norway's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Petroleum, petroleum products and related materials (NOK-1.24B or -22%), Cork and wood (NOK-35.9M or -19.4%), and Other transport equipment (NOK-23.8M or -48.9%). In September 2022, the increase in Norway's year-by-year imports from Sweden was explained primarily by an increase in product imports in Tobacco and tobacco manufactures (NOK163M or 131%), Cork and wood (NOK46.4M or 20.7%), and Telecommunications and sound-recording and reproducing apparatus... (NOK23.4M or 57.6%).