Norway / Ecuador

Overview In February 2024, Norway exported NOK266M and imported NOK35.8M from Ecuador, resulting in a positive trade balance of NOK231M. Between February 2023 and February 2024 the exports of Norway have increased by NOK263M (9.39k%) from NOK2.81M to NOK266M, while imports increased by NOK3.23M (9.92%) from NOK32.5M to NOK35.8M.

Trade In February 2024, the top exports of Norway to Ecuador were Chemical materials and products, n.e.s. (NOK17.7M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK783k), Manufactures of metals, n.e.s. (NOK399k), Plastics in non-primary forms (NOK306k), and General industrial machinery and equipment, n.e.s.,... (NOK170k). In February 2024 the top imports of Norway from Ecuador were Vegetables and fruit (NOK25.6M), Machinery specialized for particular industries (NOK3.58M), General industrial machinery and equipment, n.e.s.,... (NOK456k), Crude animal and vegetable materials, n.e.s. (NOK193k), and Fish (not marine mammals), crustaceans, molluscs... (NOK95k).

Growth In February 2024, the increase in Norway's year-by-year exports to Ecuador was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK5.01M or 39.4%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK668k or 581%), and Manufactures of metals, n.e.s. (NOK387k or 3.23k%). In February 2024, the increase in Norway's year-by-year imports  from Ecuador was explained primarily by an increase in product imports  in Machinery specialized for particular industries (NOK3.55M or 11.1k%), Vegetables and fruit (NOK1.94M or 8.2%), and General industrial machinery and equipment, n.e.s.,... (NOK452k or 11.3k%).