Noruega Balanza Comercial

Norway's trade surplus narrowed to NOK 55.9 billion in April 2025 from NOK 61.7 billion in the corresponding month of the previous year, as exports dropped more than imports. Year-on-year, imports fell by 5.3% to NOK 90.3 billion, weighed down by lower purchases of fuels, lubricating oils, electric power (-49.1%), beverages and tobacco (-7.7%), and processed goods grouped mainly by material (-5.5%). Meanwhile, exports fell at a faster rate of 7.3% year-on-year to a seven-month low of NOK 146.2 billion, ahead of the implementation of US tariffs. The decline was mainly driven by reduced sales of beverages and tobacco (-16.1%), fuels, lubricating oils, and electric power (-13.5%), animal and vegetable oils, fats, and waxes (-13%), and non-edible raw materials excluding fuels (-10.5%). For the first four months of the year, the country’s trade surplus totaled NOK 292 billion, marking a 19.1% increase compared to the same period a year ago.