Norway Trade Balance

1957 - 2020 | Monthly | USD mn | CEIC Data

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:

Norway Trade Balance

What was Norway's Trade Balance in Dec 2020?

Last Previous Min Max Unit Frequency Range
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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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
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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Includes 360 key indicators for Norway, curated by CEIC analysts. Instant access to full history data in excel.
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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