15.04.202606:19:33UTC+00Norway Posts Largest Trade Surplus in Over 3 Years

Norway’s trade surplus widened to NOK 97.5 billion in March 2026, up from NOK 58.9 billion in March 2025. This was the largest surplus since January 2023, as export growth outpaced that of imports.

Exports rose 28.5% year-on-year to NOK 199.9 billion, primarily driven by a 33.7% increase in shipments of mineral fuels, lubricants, and related materials. Exports of machinery and transport equipment jumped 54.4%, while sales of food and live animals grew 3.1%, and exports of manufactured goods classified chiefly by material increased 7.5%.

Imports climbed 16.0% to NOK 102.5 billion, reflecting higher purchases of machinery and transport equipment (up 14.7%), miscellaneous manufactured articles (up 5.8%), and chemicals and related products n.e.s. (up 12.8%).

Over the first quarter of 2026, Norway posted a trade surplus of NOK 218.2 billion, a 5.6% decline from the same period a year earlier, as exports fell 2.6%, outpacing the marginal 0.1% drop in imports.