Norway’s trade surplus widened to NOK 61.9 billion in June 2026, up from NOK 46.9 billion in June 2025, as export growth outpaced that of imports. Exports rose 12.5% year-on-year to NOK 158.3 billion, driven by strong increases in shipments of fuels, lubricants, and related materials (+24.8%); raw materials, excluding fuels (+17.3%); animal and vegetable oils, fats, and waxes (+48.7%); and food and live animals (+7.1%). These gains more than offset declines in exports of beverages and tobacco (-14.6%), chemical products (-0.2%), and machinery and transport equipment (-23.1%).
Imports increased 2.7% to NOK 96.4 billion, mainly reflecting higher purchases of raw materials, excluding fuels (+20.9%); fuels, lubricants, and related materials (+53.9%); and animal and vegetable oils, fats, and waxes (+8.4%).
Over the January–June period, Norway posted a trade surplus of NOK 419.9 billion, an increase of 11.3% from the same period a year earlier, as exports grew 5.7%, significantly outpacing import growth of 1.8%.