Data Insights

In summary, Norway's total trade value for March 2026 reached 300.81B NOK, with exports totaling 199.86B NOK (an increase of 66.83B NOK or 50.24%) and imports at 100.95B NOK (an increase of 13.89B NOK or 15.88%). The trade balance indicates a strong export performance, particularly with the UK, Germany, and the Netherlands leading the way. The overall trade dynamics reflect Norway's strategic positioning as a reliable supplier, especially in the context of gas imports to the UK, amidst ongoing geopolitical shifts.

In March 2026, Norway's trade values showed significant changes. For imports, Sweden led with a trade value of 11.4B NOK, reflecting a month-on-month increase of 2.32B NOK (25.53%). Germany followed closely with 11.25B NOK, up by 2.31B NOK (25.82%). China also saw a notable increase, reaching 14.44B NOK, with a rise of 2.18B NOK (17.79%). On the lower end, Ireland's imports dropped to 954.7M NOK, down by 1.53B NOK (-61.63%), while Canada and Switzerland also experienced declines of 618.7M NOK (-25.75%) and 395.2M NOK (-31.12%) respectively. For exports, the United Kingdom dominated with a staggering 39.34B NOK, an increase of 18.51B NOK (888.59%). Germany followed with 38.39B NOK, up by 15.7B NOK (69.21%). The Netherlands also saw a significant rise to 21B NOK, increasing by 7.87B NOK (59.92%). Conversely, Croatia's exports plummeted to 57.86M NOK, down by 754.89M NOK (-92.88%), while South Korea and Latvia also faced declines of 177.8M NOK (-13.62%) and 163.11M NOK (-43.17%) respectively.

Year-on-year analysis for imports revealed that China led with a trade value of 14.44B NOK, an increase of 3.73B NOK (34.77%). The Netherlands followed with 5.03B NOK, up by 1.35B NOK (36.65%). The United Kingdom also saw growth, reaching 4.75B NOK, an increase of 1.14B NOK (31.56%). On the downside, the United States experienced a decline to 5.24B NOK, down by 966.19M NOK (-15.57%), while Chile and Germany also faced reductions of 833.93M NOK (-70.15%) and 654.09M NOK (-5.50%) respectively. For exports, the United Kingdom again led with 39.34B NOK, an increase of 11.44B NOK (40.99%). Germany followed with 38.39B NOK, up by 8.64B NOK (29.03%). The Netherlands also showed strong growth at 21B NOK, increasing by 6.8B NOK (47.88%). However, the United States saw a decline to 5.47B NOK, down by 535.04M NOK (-8.91%), while Canada and Egypt also faced significant drops of 477.82M NOK (-51.34%) and 467.76M NOK (-71.84%) respectively.

Overall, Norway's trade dynamics in 202602 show a contrasting picture between imports and exports. Imports increased significantly both month-on-month and year-on-year, indicating a robust demand for foreign goods, particularly from China and the UK. In contrast, exports faced a substantial decline, particularly to key partners like the UK and Germany, reflecting potential challenges in international markets or shifts in demand. The total trade value for imports rose to 87.06B NOK, while exports fell to 133.03B NOK, leading to a notable trade imbalance.

In the month-on-month analysis, Norway's imports saw a significant increase, with the total trade value rising to 87.06B NOK, reflecting a 9.85B NOK increase (12.76%). The top three countries contributing to this growth were China (12.26B NOK, +2.34B NOK, +23.63%), Germany (8.94B NOK, +2.14B NOK, +31.51%), and the United Kingdom (4.74B NOK, +1.69B NOK, +55.60%). Conversely, the lowest performing imports were from Brazil (1.5B NOK, -455.44M NOK, -23.27%), Saudi Arabia (9.76M NOK, -438.79M NOK, -97.82%), and Malaysia (445.49M NOK, -236.04M NOK, -34.63%). Exports, however, experienced a decline, with total exports dropping to 133.03B NOK, a decrease of 21.37B NOK (-13.84%). The top three countries for exports were Croatia (812.75M NOK, +764.5M NOK, +15.84%), Italy (2.93B NOK, +761.97M NOK, +35.15%), and France (7.73B NOK, +354.67M NOK, +4.81%). The lowest performing exports were to the United Kingdom (20.83B NOK, -6.3B NOK, -23.23%), Germany (22.69B NOK, -4.72B NOK, -17.22%), and the Netherlands (13.13B NOK, -3.45B NOK, -20.82%).

In the year-on-year analysis, Norway's imports totaled 87.06B NOK, reflecting a modest increase of 1.9B NOK (2.23%). The top contributors to this growth were China (12.26B NOK, +2.95B NOK, +31.67%), Ireland (2.49B NOK, +2.03B NOK, +455.51%), and the United Kingdom (4.74B NOK, +1.38B NOK, +41.24%). The lowest performing imports were from the United States (4.32B NOK, -4.04B NOK, -48.28%), Italy (2.66B NOK, -872.72M NOK, -24.72%), and Brazil (1.5B NOK, -619.71M NOK, -29.21%). Exports saw a significant decline, totaling 133.03B NOK, down 36.79B NOK (-21.67%). The top performing exports were to Croatia (812.75M NOK, +749.81M NOK, +11.91%), Sweden (10.12B NOK, +743.96M NOK, +7.93%), and Nigeria (872.33M NOK, +496.5M NOK, +132.10%). The lowest performing exports were to the United Kingdom (20.83B NOK, -11.52B NOK, -35.61%), Germany (22.69B NOK, -10.07B NOK, -30.74%), and Belgium (6.83B NOK, -3.19B NOK, -31.81%).

Overall, the total trade value for Norway in the analyzed period was 231.61B NOK, with exports amounting to 154.4B NOK and imports totaling 77.21B NOK. Month-on-month, total exports increased by 15.73B NOK (11.34%), while imports decreased by 17.01B NOK (-18.05%). Year-on-year, total exports decreased by 23.12B NOK (-13.03%), while imports saw a decline of 5.5B NOK (-6.64%).

In the month-on-month analysis, imports from Ireland saw a significant increase of 1.23B NOK, representing a 144.83% rise, making it the highest increase among imports. The Netherlands followed with an increase of 649.7M NOK (19.24%), while Saudi Arabia had a notable rise of 435.88M NOK (34.40%). On the other hand, imports from Germany decreased by 4.96B NOK (-42.21%), which was the largest drop, followed by China with a decrease of 4.08B NOK (-29.12%) and the United States with a decline of 1.36B NOK (-25.21%). For exports, Germany led with an increase of 5.41B NOK (24.61%), followed by the United Kingdom with 3.14B NOK (13.07%) and Sweden with 2.96B NOK (35.95%). Conversely, Italy experienced the largest drop in exports with a decrease of 873.24M NOK (-28.71%), followed by Romania with a decline of 758.95M NOK (-79.40%) and Finland with a decrease of 736.74M NOK (-14.14%).

In the year-on-year analysis, imports from Ireland increased by 1.54B NOK (286.49%), marking the highest growth among imports. Saudi Arabia also saw a significant increase of 390.57M NOK (673.66%), while the Netherlands had a rise of 352.7M NOK (9.60%). On the downside, imports from the United States decreased by 1.32B NOK (-24.59%), followed by Germany with a decline of 1.13B NOK (-14.26%) and Canada with a drop of 1.01B NOK (-47.99%). For exports, Poland had the highest increase with 3.38B NOK (53.99%), followed by Nigeria with 1.5B NOK (2703.35%) and Sweden with an increase of 1.44B NOK (14.78%). In contrast, exports to the United Kingdom saw a significant decrease of 11.94B NOK (-30.56%), followed by Germany with a drop of 6.85B NOK (-20.00%) and the United States with a decline of 3.6B NOK (-48.86%).

Overall, the total trade value for Norway in the analyzed period was 232.89 billion NOK, with exports amounting to 138.67 billion NOK and imports at 94.22 billion NOK. Month-on-month, total exports decreased by 1.1 billion NOK (0.79%) while imports decreased by 2.66 billion NOK (2.74%). Year-on-year, total exports decreased by 30.06 billion NOK (17.81%) while imports increased by 6.06 billion NOK (6.87%). This indicates a challenging export environment despite growth in imports, possibly influenced by global trade dynamics and recent trade agreements.

In the month-on-month analysis, imports from Thailand saw the highest increase with a trade value of 1.82 billion NOK, reflecting a significant growth of 3.04%. Japan and Romania followed with increases of 1.93 billion NOK and 1.17 billion NOK, respectively, showing growth rates of 0.60% and 1.49%. On the lower end, imports from Sweden decreased by 1.26 billion NOK, a decline of 12.59%. Canada and Germany also saw decreases of 1.14 billion NOK and 1.1 billion NOK, with declines of 44.91% and 8.52%. For exports, the Netherlands led with an increase of 14.64 billion NOK, a growth of 31.06%. Lithuania and Finland also saw increases of 1.7 billion NOK and 5.21 billion NOK, with growth rates of 129.19% and 17.17%. Conversely, exports to Sweden decreased by 3.13 billion NOK, a decline of 27.56%. Denmark and the United States also experienced declines of 1.17 billion NOK and 808.51 million NOK, with decreases of 12.97% and 16.22%.

In the year-on-year analysis, imports from China showed the most significant increase with a trade value of 13.99 billion NOK, reflecting a growth of 40.26%. Germany and Sweden followed with increases of 11.76 billion NOK and 8.73 billion NOK, with growth rates of 17.88% and 11.03%. On the downside, imports from the United States saw a decrease of 4.31 billion NOK, a decline of 44.39%. Singapore and Japan also experienced declines of 1.76 billion NOK and 369.23 million NOK, with decreases of 88.09% and 16.07%. For exports, China led with an increase of 4.5 billion NOK, a growth of 57.13%. Poland and Lithuania followed with increases of 8.1 billion NOK and 1.7 billion NOK, with growth rates of 16.32% and 75.12%. However, exports to the United Kingdom saw a significant decrease of 10.97 billion NOK, a decline of 31.37%. Germany and France also experienced declines of 8.74 billion NOK and 4.12 billion NOK, with decreases of 28.43% and 35.10%.

Overall, Norway's total trade saw a slight increase in imports by 498.69M (0.51% increase) to 96.87B, while exports experienced a significant decline of 14.62B (-9.43% decrease) to 139.77B. Year-on-year, imports increased by 3.75B (4.03% increase), but exports faced a substantial drop of 24.26B (-14.79% decrease). The analysis indicates a mixed performance in trade flows, with imports generally showing resilience while exports struggled significantly.

In the month-on-month analysis, imports from China saw the highest increase with a trade value of 14.08B, reflecting a value change of 2.05B (17.04% increase). Canada followed closely with a trade value of 2.53B, increasing by 2.03B (404.80% increase). Germany also showed a significant increase with a trade value of 12.86B, rising by 936.92M (7.86% increase). On the lower end, imports from the United States decreased by 1.06B to 5.68B (-15.67% decrease), while Italy's imports fell by 759.88M to 2.87B (-20.94% decrease). Ireland experienced a decline of 673.31M, bringing its imports down to 584.86M (-53.52% decrease). For exports, Sweden led with a trade value of 11.37B, increasing by 1.66B (17.15% increase). Italy's exports rose to 3.32B, with a value change of 1.27B (61.82% increase). China also saw an increase in exports to 4.39B, up by 985.86M (28.97% increase). Conversely, the United Kingdom's exports dropped significantly by 8.08B to 24.74B (-24.63% decrease), followed by the Netherlands with a decrease of 3.7B to 11.17B (-24.90% decrease). Poland's exports fell by 3.54B to 8.2B (-30.16% decrease).

In the year-on-year analysis, imports from Germany showed the most significant increase with a trade value of 12.86B, reflecting a value change of 2.34B (22.24% increase). Sweden's imports also increased to 9.99B, with a value change of 1.14B (12.93% increase). China saw a modest increase to 14.08B, up by 924.11M (7.02% increase). On the downside, imports from the United States decreased by 2.49B to 5.68B (-30.50% decrease), while Hungary's imports fell by 968.18M to 658.06M (-59.53% decrease). Singapore's imports dropped by 842.17M to 399.88M (-67.81% decrease). For exports, China led with a trade value of 4.39B, increasing by 2.25B (105.38% increase). Sweden's exports rose to 11.37B, with a value change of 1.12B (10.88% increase). Poland's exports increased to 8.2B, up by 754.49M (10.14% increase). However, the United Kingdom's exports fell by 10.29B to 24.74B (-29.38% decrease), followed by Germany with a decrease of 5.97B to 22.57B (-20.90% decrease). Lithuania's exports dropped by 2.58B to 743.15M (-77.67% decrease).