Norway Trade Balance
Norway Trade Balance recorded a surplus of 1.4 USD bn in Dec 2020, compared with a surplus of 21.3 USD mn in the previous month. Norway Trade Balance data is updated monthly, available from Jan 1957 to Dec 2020, with an averaged value of 290.6 USD mn. The data reached an all-time high of 8.4 USD bn in May 2008 and a record low of -1.0 USD bn in Sep 2020. CEIC converts monthly Trade Balance into USD. Statistics Norway provides Trade Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Trade Balance prior to January 1976 is sourced from the International Monetary Fund.
In the latest reports, Norway Total Exports reached 8.7 USD bn in Dec 2020, a decrease of 11.0 % year on year. Total Imports recorded 7.3 USD bn in Dec 2020, an increase of 3.8 % year on year.
View Norway's Trade Balance from Jan 1957 to Dec 2020 in the chart:
What was Norway's Trade Balance in Dec 2020?
|1,390.9 Dec 2020||21.3 Nov 2020||-1,044.3 Sep 2020||8,373.2 May 2008||USD mn||monthly||Jan 1957 - Dec 2020|
Trade Balance by Country Comparison
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|Albania (USD mn)||-270.2 Nov 2020||monthly||Oct 1998 - Nov 2020|
|Algeria (USD mn)||-791.7 Jan 2020||monthly||Jan 2000 - Jan 2020|
|Argentina (USD mn)||141.2 Nov 2020||monthly||Jan 1991 - Nov 2020|
|Armenia (USD mn)||-197.4 Nov 2020||monthly||Nov 1995 - Nov 2020|
|Australia (USD mn)||3,651.0 Nov 2020||monthly||Jul 1971 - Nov 2020|
|Austria (USD mn)||-377.4 Oct 2020||monthly||Jan 1957 - Oct 2020|
|Azerbaijan (USD mn)||710.9 Oct 2020||monthly||Jan 2000 - Oct 2020|
|Bahrain (USD mn)||856.2 2019||yearly||1966 - 2019|
|Bangladesh (USD mn)||-915.4 Oct 2020||monthly||Jul 1986 - Oct 2020|
|Belarus (USD mn)||309.3 Oct 2020||monthly||Jan 2000 - Oct 2020|
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Norway Key Series
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|Government and Public Finance||Last||Frequency||Range|
|Consolidated Fiscal Balance: % of GDP (%)||0.7 Jun 2020||quarterly||Dec 2002 - Jun 2020|
|Consolidated Fiscal Balance (USD mn)||-6,376.529 Jun 2020||quarterly||Mar 2002 - Jun 2020|
|Tax Revenue (USD mn)||22,332.928 Jun 2020||quarterly||Mar 2002 - Jun 2020|
|Tax Revenue: % of GDP (%)||28.3 Jun 2020||quarterly||Mar 2002 - Jun 2020|
|National Government Debt (USD mn)||163,392.0 2019||yearly||1995 - 2019|
|Government Debt: % of GDP (%)||40.2 2019||yearly||1995 - 2019|
|Forecast: Government Expenditure (NOK bn)||2,239.303 2025||yearly||1980 - 2025|
|Forecast: Government Net Debt (NOK bn)||1,775.646 2025||yearly||1980 - 2025|
|Forecast: Government Revenue (NOK bn)||2,514.000 2025||yearly||1980 - 2025|
|General Govt Taxes: GS: Value Added Tax (NOK mn)||307,000.000 2019||yearly||1995 - 2019|
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