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Insights for Norway
BETA
February 2026 period, National level, Product aggregation
AI
Summary: 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.
AI
MoM insights: 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%).
AI
YoY insights: 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%).
