Overview In September 2022 Norway exported NOK218B and imported NOK95.4B, resulting in a positive trade balance of NOK122B. Between September 2021 and September 2022 the exports of Norway have increased by NOK88.3B (68.2%) from NOK130B to NOK218B, while imports increased by NOK19.6B (25.8%) from NOK75.8B to NOK95.4B.
Trade In September 2022, the top exports of Norway were Gas, natural and manufactured (NOK115B), Petroleum, petroleum products and related materials (NOK48.1B), Fish (not marine mammals), crustaceans, molluscs... (NOK14.2B), Non-ferrous metals (NOK6.94B), and Other transport equipment (NOK3.9B). In September 2022 the top imports of Norway were Road vehicles (including air-cushion vehicles) (NOK11.1B), Petroleum, petroleum products and related materials (NOK6.27B), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK5.62B), Electric current (NOK5.45B), and Metalliferous ores and metal scrap (NOK4.63B).
Destinations In September 2022, Norway exported mostly to Germany (NOK66.8B), United Kingdom (NOK39.1B), France (NOK19.9B), Belgium (NOK17.1B), and Netherlands (NOK11.9B), and imported mostly from Sweden (NOK13.9B), China (NOK12.7B), Germany (NOK10.7B), United States (NOK5.99B), and United Kingdom (NOK5.25B).
Growth In September 2022, the increase in Norway's year-by-year exports was explained primarily by an increase in exports to China (NOK4.51B or 94.8%), France (NOK1.22B or 33.1%), and Germany (NOK1.11B or 12.9%), and product exports increase in Gas, natural and manufactured (NOK6.28B or 45.5%), Electric current (NOK852M or 377%), and Chemical materials and products, n.e.s. (NOK149M or 10.5%). In September 2022, the increase in Norway's year-by-year imports was explained primarily by an increase in imports from China (NOK1.08B or 16.1%), Spain (NOK450M or 36.6%), and Belgium (NOK150M or 16.7%), and product imports increase in Fixed vegetable fats and oils, crude,... (NOK293M or 83.2%), Tobacco and tobacco manufactures (NOK273M or 151%), and Miscellaneous manufactured articles, n.e.s. (NOK247M or 10.7%).