Overview In July 2021 Norway exported NOK113M and imported NOK279M from Sweden, resulting in a negative trade balance of NOK166M. Between July 2020 and July 2021 the exports of Norway have increased by NOK16.2M (16.7%) from NOK97.2M to NOK113M, while imports decreased by NOK-24.8M (-8.14%) from NOK304M to NOK279M.
Trade In July 2021, the top exports of Norway to Sweden were Photographic and optical goods (NOK49.9M), Furniture and parts thereof (NOK45.8M), Road vehicles (NOK6.71M), Inorganic chemicals (NOK5.83M), and Hides, skins and furskins, raw (NOK2.16M). In July 2021 the top imports of Norway from Sweden were Photographic and optical goods (NOK96.1M), Furniture and parts thereof (NOK67.3M), Wood, lumber and cork (NOK52.5M), Road vehicles (NOK49.7M), and Tobacco and tobacco manufactures (NOK9.55M).
Growth In July 2021, the increase in Norway's year-by-year exports to Sweden was explained primarily by an increase in product exports in Photographic and optical goods (NOK19.7M or 64.9%), Road vehicles (NOK5.39M or 409%), and Crude animal and vegetable materials (NOK863k or 145%). In July 2021, the decrease in Norway's year-by-year imports from Sweden was explained primarily by an decrease in product imports in Other transport equipment including ships (NOK-14.3M or -99.5%), Furniture and parts thereof (NOK-13M or -16.2%), and Tobacco and tobacco manufactures (NOK-8.02M or -45.6%).