Norway

Insights for Norway

BETA

May 2026 period, National level, Product HS aggregation

AI
Summary: In May 2026, Norway's trade dynamics showed a mixed performance. Total imports increased by 3.05B NOK (3.30%), while total exports decreased by 18.56B NOK (-10.51%). Year on year, imports rose by 2.38B NOK (2.56%), and exports saw a significant increase of 20.87B NOK (15.21%). The trade flow indicates a strong reliance on imports from countries like Thailand and China, while exports to the UK and Poland showed notable growth. However, the overall decrease in exports in the month of May suggests potential challenges in maintaining trade balances.
AI
MoM insights: In May 2026, Norway's imports saw a significant increase, with the top three countries being Thailand (4.88B NOK, 4.43B NOK increase, 4.43%), the United Kingdom (4.13B NOK, 750.47M NOK increase, 22.18%), and Brazil (2.01B NOK, 500.49M NOK increase, 33.16%). Conversely, the lowest performing imports were from Germany (9.67B NOK, -1.24B NOK decrease, -11.37%), Denmark (3.75B NOK, -1.16B NOK decrease, -23.62%), and Indonesia (166.23M NOK, -773.18M NOK decrease, -82.31%). For exports, Turkey led with 2.58B NOK (1.68B NOK increase, 186.51%), followed by Denmark (8.99B NOK, 1.39B NOK increase, 18.26%) and the United States (4.74B NOK, 1.19B NOK increase, 33.59%). The lowest exports were to the Netherlands (13.14B NOK, -6.54B NOK decrease, -33.23%), Germany (26.46B NOK, -3.92B NOK decrease, -12.90%), and Poland (12.31B NOK, -2.57B NOK decrease, -17.24%). Overall, total imports increased by 3.05B NOK (3.30%), while total exports decreased by 18.56B NOK (-10.51%).
AI
YoY insights: Year on year, imports from Thailand increased significantly to 4.88B NOK (4.42B NOK increase, 950.24%), followed by China (11.65B NOK, 2.4B NOK increase, 25.95%) and Brazil (2.01B NOK, 614.46M NOK increase, 44.04%). The lowest year-on-year imports were from Ireland (560.36M NOK, -2.13B NOK decrease, -79.18%), Germany (9.67B NOK, -1.66B NOK decrease, -14.63%), and Unknown (1.39B NOK, -1.17B NOK decrease, -45.63%). For exports, the United Kingdom had the highest value at 26.38B NOK (5.86B NOK increase, 28.55%), followed by Poland (12.31B NOK, 4.33B NOK increase, 54.17%) and Sweden (11.8B NOK, 2.44B NOK increase, 26.05%). The lowest exports were to China (3.83B NOK, -1.61B NOK decrease, -29.58%), Italy (1.26B NOK, -1.09B NOK decrease, -46.49%), and Canada (468.12M NOK, -803.65M NOK decrease, -63.19%). Overall, total imports increased by 2.38B NOK (2.56%), while total exports increased by 20.87B NOK (15.21%).
Other analyses for Norway in May 2026
National level, Product SICT aggregation
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