FX.co ★ Norway Trade Surplus Widens Slightly in August

In August 2025, Norway observed a slight increase in its trade surplus, reaching NOK 60.1 billion compared to NOK 59.2 billion in the same month the previous year. This growth was attributed to exports declining at a slower rate than imports. Export figures fell by 5.2% year-on-year to NOK 143.4 billion, largely due to a drop in sales of mineral fuels, lubricants, and related materials (-16.6%), as well as a decrease in food and live animals (-2.4%). However, this decline was partially counterbalanced by a substantial 89.6% surge in machinery and transport equipment exports. During the same period, imports experienced a 9.4% decline to NOK 83.3 billion, with reductions observed across most product categories. This was particularly evident in mineral fuels, lubricants, and related materials (-48.3%), manufactured goods primarily classified by material (-11.3%), and machinery and transport equipment (-3.6%). Over the first eight months of the year, Norway's trade surplus amounted to NOK 490.6 billion, marking a 2.6% increase from the same period the previous year.