The statistic shows Norway's trade balance of goods from 2013 to 2023. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2023, Norway's trade surplus amounted to around 78.62 billion U.S. dollars.

Norway recorded a trade surplus of 84662 NOK Million in February of 2025. This dataset provides the latest reported value for - Norway Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States US: Trade Balance: Advanced Economies: Norway data was reported at 71.865 USD mn in May 2018. This records an increase from the previous number of -327.864 USD mn for Apr 2018. United States US: Trade Balance: Advanced Economies: Norway data is updated monthly, averaging -66.250 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 229.633 USD mn in Jul 2017 and a record low of -675.100 USD mn in Jun 2005. United States US: Trade Balance: Advanced Economies: Norway data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Monthly.

Norway trade balance for 2023 was 71.41 billion US dollars, a 57.52% decline from 2022.

• Norway trade balance for 2022 was 168.11 billion US dollars, a 124.9% increase from 2021.
• Norway trade balance for 2021 was 74.75 billion US dollars, a 2278.57% decline from 2020.
• Norway trade balance for 2020 was -3.43 billion US dollars, a 135.18% decline from 2019.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Norway (NORXTNTVA01CXMLM) from Jan 1957 to Dec 2024 about Norway and trade.

Norway NO: Trade Balance: Advanced Economies: United States data was reported at -149.597 USD mn in Mar 2018. This records an increase from the previous number of -691.054 USD mn for Dec 2017. Norway NO: Trade Balance: Advanced Economies: United States data is updated quarterly, averaging -7.600 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 1.769 USD bn in Jun 2007 and a record low of -691.054 USD mn in Dec 2017. Norway NO: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Norway – Table NO.IMF.DOT: Trade Balance: by Country: Quarterly.

This page displays a table with Norway Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

United States US: Trade Balance: Advanced Economies: Norway data was reported at 268.655 USD mn in 2017. This records an increase from the previous number of -491.761 USD mn for 2016. United States US: Trade Balance: Advanced Economies: Norway data is updated yearly, averaging -600.950 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 268.655 USD mn in 2017 and a record low of -5.252 USD bn in 2004. United States US: Trade Balance: Advanced Economies: Norway data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Annual.

In the Nordic countries, Norway had the highest amount of net trade in goods and services until 2014. However, when Norwegian exports were hit by a fall of the oil price, its trade surplus sank dramatically, from 44 billion U.S. dollars in 2014 to only six billion in 2016. Its trade surplus again rose rapidly in 2022 as gas prices rose sharply due to Russia's invasion of Ukraine that year. Meanwhile, Finland recorded a negative net trade value in 2023.

United States US: Trade Balance: Advanced Economies: Norway data was reported at -166.924 USD mn in Mar 2018. This records a decrease from the previous number of 88.904 USD mn for Dec 2017. United States US: Trade Balance: Advanced Economies: Norway data is updated quarterly, averaging -178.000 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 230.190 USD mn in Sep 2017 and a record low of -1.601 USD bn in Jun 2008. United States US: Trade Balance: Advanced Economies: Norway data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.

Norway Imports from France of Balances of a Sensitivity of 50mg or Better was US$2.17 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Norway Imports from France of Balances of a Sensitivity of 50mg or Better - data, historical chart and statistics - was last updated on March of 2025.

In 2023, Norway exported medicament mixtures put in dosage worth some 509 million U.S. dollars, while importing some 1.66 billion dollars worth of such products. Thus, Norway reported a negative trade balance of over 1.1 billion dollars for this product category.

Graph and download economic data for Current Account Balance: Total Trade of Goods for Norway (DISCONTINUED) (BPBLTD01NOQ637S) from Q1 1994 to Q2 2014 about Norway, current account, BOP, trade, and goods.

Of the Nordic countries, Norway's trade balance fluctuated the most between 2011 and 2021. Sweden's trade balance also fluctuated slightly, whereas those of the other three remained relatively stable. In 2021, Norway, Denmark, and Sweden were predicted to have a positive trade balance of around 30 billion U.S. dollars, whereas those of Finland and Iceland were forecast to be around zero.

Norway Imports from Ireland of Balances of a Sensitivity of 50mg or Better was US$3.08 Thousand during 2013, according to the United Nations COMTRADE database on international trade. Norway Imports from Ireland of Balances of a Sensitivity of 50mg or Better - data, historical chart and statistics - was last updated on March of 2025.

Norway NO: Trade Balance: Advanced Economies: United States data was reported at 0.000 USD mn in May 2018. This records a decrease from the previous number of 107.645 USD mn for Apr 2018. Norway NO: Trade Balance: Advanced Economies: United States data is updated monthly, averaging -2.495 USD mn from Jan 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 834.932 USD mn in Jun 2007 and a record low of -632.289 USD mn in Nov 2017. Norway NO: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Norway – Table NO.IMF.DOT: Trade Balance: by Country: Monthly.

Norway Exports of balances of a sensitivity of 50mg or better to Kazakhstan was US$2.68 Thousand during 2013, according to the United Nations COMTRADE database on international trade. Norway Exports of balances of a sensitivity of 50mg or better to Kazakhstan - data, historical chart and statistics - was last updated on March of 2025.

Graph and download economic data for Current Account Debit: Trade: Total Imports of Goods for Norway (DISCONTINUED) (BPDBTD01NOQ637S) from Q1 1994 to Q2 2014 about debit, Norway, current account, BOP, imports, trade, and goods.

Norway NO: Trade Balance: Advanced Economies: United States data was reported at -1.029 USD bn in 2017. This records a decrease from the previous number of -927.032 USD mn for 2016. Norway NO: Trade Balance: Advanced Economies: United States data is updated yearly, averaging -42.450 USD mn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 4.586 USD bn in 2004 and a record low of -1.029 USD bn in 2017. Norway NO: Trade Balance: Advanced Economies: United States data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Norway – Table NO.IMF.DOT: Trade Balance: by Country: Annual.

Norway Exports of balances of a sensitivity of 50mg or better to Russia was US$1.02 Thousand during 2020, according to the United Nations COMTRADE database on international trade. Norway Exports of balances of a sensitivity of 50mg or better to Russia - data, historical chart and statistics - was last updated on March of 2025.