Noruega Balanza Comercial

Norway’s trade surplus narrowed to NOK 74.2 billion in November 2024 from NOK 75.6 billion in the same month last year, as exports dropped more than imports. Exports declined by 0.9% year-on-year to NOK 165.8 billion, dragged down by lower sales of chemical and related products n.e.s. (-11.7%) and animal & vegetable oils, fats & waxes (-8.8%). Meanwhile, the imports fell at a softer 0.1% to NOK 91.6 billion, primarily due to reduced purchases of mineral fuels, lubricants & related materials (-37.8%) and animal & vegetable oils, fats & waxes (-37.6%). Considering the first eleven months of the year, the country posted a trade surplus of NOK 661.9 billion, a 15.1% decrease compared to the same period a year ago.