FX.co ★ Norway Trade Surplus Narrows in July

In July 2025, Norway's trade surplus diminished to NOK 54 billion, down from NOK 59.2 billion the previous year, reflecting a drop in exports alongside a rise in imports. Exports experienced a 3.1% decrease year-on-year, totaling NOK 142.2 billion. This reduction was primarily due to a decline in the sale of mineral fuels, lubricants, and related materials by 7.7%, a 4.9% fall in manufactured goods categorized mainly by material, and a 4.9% decrease in chemicals and related products not elsewhere specified. Conversely, imports saw a 0.8% increase, reaching NOK 88.2 billion, largely fueled by an 11.5% rise in machinery and transport equipment imports, a 4.1% increase in miscellaneous manufactured articles, and a significant 14.8% growth in food and live animals. Over the first seven months of the year, Norway's trade surplus grew by 2.9%, achieving NOK 431.3 billion compared to the same timeframe the preceding year.