Norja - Kauppatase

Norway's trade surplus decreased to NOK 18.8 billion in November 2019 from NOK 22.0 billion in the same month a year earlier, as exports fell 6.7 percent, mainly due to mineral fuels, lubricants and related materials (-13.7%), and chemicals and related products n.e.s. (-4.7%). In contrast, sales grew for food and live animals (6.3%), manufactured goods (2.1%), machinery and transport equipment (7.6%), and miscellaneous manufactured articles (9.4%). Meanwhile, imports dropped at a softer 4.2 percent, led by purchases of food and live animals (-10.9%), chemicals and related products n.e.s. (-9.2%), and machinery and transport equipment (-14.7%). By contrast, purchases grew for crude materials, inedible, except fuels (33.6%); mineral fuels, lubricants and related materials (24%); and miscellaneous manufactured articles (3.3%). Considering the first eleven months of the year, the trade surplus narrowed 52 percent year-on-year to NOK 125.1 billion.

Norway's trade surplus plunged to NOK 5.88 billion in October 2019 from NOK 32.64 billion in the same month a year earlier. Exports slumped 26.9% yoy to NOK 71.8 billion, mainly due to mineral fuels, lubricants and related materials (-45.5%), manufactured goods (-2%), and chemicals and related products n.e.s. (-8.6%). In contrast, sales grew for food and live animals (9.3%), machinery and transport equipment (23.4%), and miscellaneous manufactured articles (21.8%). Meanwhile, imports rose 0.5% to NOK 65.9 billion, led by food and live animals (4.3%), manufactured goods (11%), machinery and transport equipment (1.8%), and miscellaneous manufactures articles (2.8%). By contrast, purchases fell for crude materials, inedible, except fuels (-23.2%); mineral fuels, lubricants and related materials (-21.3%), chemical and related products n.e.s. (-2.5%). Considering the first ten months of the year, trade surplus was at NOK 106.1 billion, down 55.6% from the same period 2018.

Norway recorded a trade deficit of NOK 1.23 billion in September 2019, compared to a NOK 22.31 billion surplus in the same month the prior year. This was the first trade gap since November 2017, as exports plunged while imports surged. Imports jumped 12.9% yoy to NOK 66.9 billion, led by machinery and transport equipment (21.0%); miscellaneous manufactured articles (8.8%); chemicals and related products n.e.s (10.7%); crude materials, inedible, except fuels (11.8%), and manufactured goods (9.0%). Conversely, purchases fell for mineral fuels, lubricants and related materials (-13.4%). Meanwhile, exports slumped 19.5% to NOK 65.7 billion, due to lower sales of mineral fuels, lubricants and related materials (-38.5%), namely petroleum products (-17.3%), and coal, coke and briquetts (-99.5%). Also, exports fell for manufactured goods (-3.1%). Meanwhile sales advanced for both food and live animals (14.0%) and machinery & transport equipment (19.3%).

Norway's trade surplus plunged to NOK 6.7 billion in August 2019 from NOK 30.5 billion in the same month the prior year. Imports rose 4.6% yoy to NOK 59.0 billion, led by machinery and transport equipment (12.2%); mineral fuels, lubricants and related materials (6.5%); miscellaneous manufactured articles (1.7%), chemicals and related products n.e.s (5.0%). Conversely, purchases fell for crude materials, inedible, except fuels (-9.2%) and manufactured goods (-1.4%). Meanwhile, exports slumped 24.5% to NOK 65.7 billion, due to lower sales of mineral fuels, lubricants and related materials (-36.3%), namely petroleum products (-22.9%), gas, natural and manufactured (-52.8%), and electric current (-35.0%). Also, exports fell for machinery & transport equipment (-25.4%) and manufactured goods (-1.5%) while sales advanced for food and live animals (5.6%). For January to July 2019, the trade surplus narrowed sharply by 40.7% yoy to NOK 109.1 billion.

Norway's trade surplus tumbled to NOK 6.5 billion in July 2019 from NOK 26.8 billion in the same month the prior year. Imports rose 8.7% yoy to NOK 59.6 billion, led by mineral fuels, lubricants and related materials (30.9%); manufactured goods (8.2%); machinery and transport equipment (9.7%); and miscellaneous manufactured articles (13.3%). In contrast, purchases fell for crude materials, inedible, except fuels (-8.4%). Meanwhile, exports slumped 19.1% to NOK 66.1 billion, due to lower sales of mineral fuels, lubricants and related materials (-32.7%), namely petroleum products (-15.2%) and gas, natural and manufactured (-52.1%). On the other hand, sales advanced for food and live animals (10.7%), manufactured goods (5.3%) and machinery & transport equipment (5%). For January to July 2019, the trade surplus narrowed 33% yoy to NOK 102.8 billion.

Norway's trade surplus narrowed to NOK 5.2 billion in June 2019, the smallest since November 2017, from NOK 20.3 billion in the same month of the prior year. Imports rose 1.5% yoy to NOK 59.9 billion, led by raw materials, inedible, except fuels (29.8%); fuels, lubricants and related materials (10.1%); food and live animals (2.9%), and machinery and transport equipment (1.0%). In contrast, purchases dropped for manufactured goods (-4.0%), miscellaneous manufactured articles (-3.4%). Meanwhile, exports tumbled 17.9% to NOK 65.1 billion, mainly due to lower shipments of mineral fuels, lubricants and related materials (-27.5%), namely mineral oil and petroleum products (-26.4 percent) and coal, coke and briquettes (-99.7%). Also, sales of chemicals and related products plunged (-12.1%). On the other hand, sales advanced for food and live animals (0.7%). For the first half of the year, the trade surplus narrowed 6.1% yoy to NOK 95.9 billion.