Norway, including Svalbard and Jan Mayen Islands

In 2014, the value of merchandise exports of Norway decreased moderately by 7.5 percent to reach 142.8 bln US$, while its merchandise imports decreased slightly by 0.7 percent to reach 89.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate surplus of 53.7 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 60.3 bln US$ (see graph 4). Merchandise exports in Norway were diversified amongst partners; imports were also diversified. The top 10 partners accounted for 80 percent or more of exports and 17 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Norway increased slightly by 1.5 percent, reaching 42.9 bln US$, while its imports of services increased slightly by 2.9 percent and reached 48.5 bln US$ (see graph 2). There was a relatively small trade in services deficit of 5.6 bln US$.

Related Subject(s): International Trade and Finance

Countries: Norway