FX.co ★ Norway Trade Surplus Widens in April

Norway posted a trade surplus of NOK 84.2 billion in April 2026, up from NOK 53.2 billion in the same month a year earlier, supported by strong export growth. Exports rose 20.9% year-on-year to NOK 176.7 billion, driven mainly by a sharp increase in shipments of mineral fuels, lubricants, and related materials (40.7%). In contrast, imports edged down 0.4% to NOK 92.5 billion, as declines in most product categories—particularly miscellaneous manufactured articles (-2.0%), manufactured goods classified chiefly by material (-10.2%), and chemicals and related products n.e.s. (-0.2%)—more than offset an increase in machinery and transport equipment imports (2.3%). Over the January–April period, the trade surplus reached NOK 299.4 billion, up 4.9% from the same period a year earlier, as export growth (2.6%) outpaced that of imports (0.9%).