Norway

Insights for Norway

BETA

May 2026 period, National level, Product SICT aggregation

AI
Summary: In May 2026, Norway's total trade value was 252.17B NOK, with imports at 94.12B NOK and exports at 158.05B NOK. Month on month, imports increased by 3.06B NOK (3.36%), while exports decreased by 18.57B NOK (-10.51%). Year on year, imports rose by 3.55B NOK (3.92%), and exports increased by 20.87B NOK (15.21%). Overall, the trade balance remains positive, but the significant drop in exports month on month is concerning.
AI
MoM insights: In May 2026, Norway's imports saw a significant increase, with the top three countries being Thailand (4.88B NOK, 4.43% increase), the United Kingdom (4.13B NOK, 22.18% increase), and Brazil (2.01B NOK, 33.16% increase). Conversely, the lowest performing imports were from Germany (9.67B NOK, -11.37% decrease), Denmark (3.75B NOK, -23.62% decrease), and Indonesia (166.23M NOK, -82.30% decrease). For exports, Turkey led with 2.58B NOK (186.51% increase), followed by Denmark (8.99B NOK, 18.26% increase), and the United States (4.74B NOK, 33.58% increase). The lowest exports were to the Netherlands (13.14B NOK, -33.23% decrease), Germany (26.46B NOK, -12.90% decrease), and Poland (12.31B NOK, -17.24% decrease). Overall, total imports increased by 3.06B NOK (3.36%), while total exports decreased by 18.57B NOK (-10.51%).
AI
YoY insights: Year on year, imports from Thailand increased significantly to 4.88B NOK (9.50% increase), followed by China (11.65B NOK, 25.95% increase) and Brazil (2.01B NOK, 44.04% increase). The lowest performing imports were from Ireland (560.36M NOK, -79.18% decrease), Germany (9.67B NOK, -14.63% decrease), and the United Arab Emirates (34.48M NOK, -96.15% decrease). In terms of exports, the United Kingdom had the highest value at 26.38B NOK (28.55% increase), followed by Poland (12.31B NOK, 54.17% increase) and Sweden (11.8B NOK, 26.05% increase). The lowest exports were to China (3.83B NOK, -29.58% decrease), Italy (1.26B NOK, -46.49% decrease), and Canada (468.12M NOK, -63.19% decrease). Overall, total imports increased by 3.55B NOK (3.92%), while total exports increased by 20.87B NOK (15.21%).
Other analyses for Norway in May 2026
National level, Product HS aggregation
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