Overview In March 2023, Norway exported NOK15B and imported NOK10.5B from Sweden, resulting in a positive trade balance of NOK4.48B. Between March 2022 and March 2023 the exports of Norway have increased by NOK251M (1.71%) from NOK14.7B to NOK15B, while imports decreased by NOK-648M (-5.82%) from NOK11.1B to NOK10.5B.
Trade In March 2023, the top exports of Norway to Sweden were Petroleum, petroleum products and related materials (NOK6.16B), Non-ferrous metals (NOK575M), Electric current (NOK520M), Fish (not marine mammals), crustaceans, molluscs... (NOK339M), and Gas, natural and manufactured (NOK253M). In March 2023 the top imports of Norway from Sweden were Petroleum, petroleum products and related materials (NOK1.62B), Road vehicles (including air-cushion vehicles) (NOK638M), Electric current (NOK573M), Manufactures of metals, n.e.s. (NOK422M), and Miscellaneous manufactured articles, n.e.s. (NOK378M).
Growth In March 2023, the increase in Norway's year-by-year exports to Sweden was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK1.79B or 40.9%), Gas, natural and manufactured (NOK160M or 172%), and Non-ferrous metals (NOK153M or 36.4%). In March 2023, the decrease in Norway's year-by-year imports from Sweden was explained primarily by an decrease in product imports in Tobacco and tobacco manufactures (NOK-93.4M or -32.5%), Metalliferous ores and metal scrap (NOK-22.2M or -13.2%), and Other transport equipment (NOK-12.1M or -35.4%).