Norway / Ukraine

Overview In February 2024, Norway exported NOK242M and imported NOK53.2M from Ukraine, resulting in a positive trade balance of NOK189M. Between February 2023 and February 2024 the exports of Norway have increased by NOK79M (48.3%) from NOK163M to NOK242M, while imports decreased by NOK-15.4M (-22.5%) from NOK68.6M to NOK53.2M.

Trade In February 2024, the top exports of Norway to Ukraine were Fish (not marine mammals), crustaceans, molluscs... (NOK178M), Road vehicles (including air-cushion vehicles) (NOK10.4M), Power-generating machinery and equipment (NOK2.62M), Organic chemicals (NOK1.37M), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK769k). In February 2024 the top imports of Norway from Ukraine were Miscellaneous manufactured articles, n.e.s. (NOK11.4M), Articles of apparel and clothing accessories (NOK5.74M), Footwear (NOK4.94M), Iron and steel (NOK4.73M), and General industrial machinery and equipment, n.e.s.,... (NOK3.61M).

Growth In February 2024, the increase in Norway's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Road vehicles (including air-cushion vehicles) (NOK2.41M or 30.1%), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK763k or 12.7k%), and Organic chemicals (NOK578k or 72.9%). In February 2024, the decrease in Norway's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Other transport equipment (NOK-9.3M or -81.1%), Medicinal and pharmaceutical products (NOK-1.92M or -100%), and Non-metallic mineral manufactures, n.e.s. (NOK-1.89M or -99.3%).