FX.co ★ Norway Trade Surplus Narrows in June

Norway's trade surplus shrank to NOK 47.4 billion in June 2025 from NOK 66.6 billion in June 2024, as there was a decline in exports accompanied by a rise in imports. Export figures fell by 9.5% year-on-year, totaling NOK 139.4 billion. This downturn was largely attributed to a reduction in the sale of mineral fuels, lubricants, and related products (-13.9%), as well as machinery and transport equipment (-11.9%). Conversely, imports saw an increase of 5.2%, amounting to NOK 92.0 billion. This growth was largely fueled by increased purchases in machinery and transport equipment (up by 9%), manufactured goods predominantly categorized by material (up by 16.9%), and assorted manufactured products (up by 6.4%). In the first half of the year, Norway's trade surplus accumulated to NOK 381.2 billion, reflecting a 5.9% increase compared to the corresponding period in the previous year.