15.07.202608:08:57UTC+00Norway Trade Surplus Widens in June

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%.