In March 2025, Norway experienced a narrowed trade surplus, amounting to NOK 60.2 billion, down from NOK 65.3 billion in March of the previous year. This change occurred as imports grew at a faster pace than exports. Specifically, imports surged by 20.3% year-on-year to reach NOK 94.8 billion. This increase was largely driven by higher purchases of machinery and transport equipment, which jumped by 20.9%, manufactured goods primarily classified by material, which rose by 27.9%, and various other manufactured articles, which increased by 23.2%.
On the export side, there was a 7.6% rise, with total exports reaching NOK 155.1 billion. This growth was mainly due to increased sales of mineral fuels, lubricants, and related materials, which grew by 3.8%, along with food and live animals, which saw a 9.6% increase.
Cumulatively, for the first quarter of the year, Norway's trade surplus reached NOK 238.9 billion. This represented a significant 29.4% increase compared to the corresponding period of the previous year.
