Insights for Norway

MoM insights: 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%).

YoY insights: 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%).