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Norway Net Trade (Goods & Services, BoP)

Norway's net trade (goods & services, bop) fell to $66.74 billion in 2024, down from $74.77 billion in 2023, according to World Bank. This represents a decrease of 10.7% ($8.03 billion) from the previous year. Norway has the 10th highest net trade (goods & services, bop). Within Europe, it ranks 7th out of 44 countries.

Yearly Historical Data (1975-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 66.74
2023 74.77
2022 163.23
2021 74.14
2020 -3.35
2019 6.07
2018 25.07
2017 13.91
2016 6.04
2015 21.86
2014 44.43
2013 55.99
2012 66
2011 66.95
2010 50.46
2009 47.01
2008 79.77
2007 54.05
2006 58.41
2005 49.35
2004 35.09
2003 29.26
2002 25.81
2001 28.96
2000 28.63
1999 11.63
1998 2.78
1997 13.12
1996 14.36
1995 9.21
1994 7.68
1993 7.65
1992 8.74
1991 9.3
1990 8.16
1989 3.92
1988 -0.74
1987 -1.83
1986 -2.55
1985 4.66
1984 5
1983 4.31
1982 3.17
1981 4.5
1980 3.52
1979 1.22
1978 -0.37
1977 -3.86
1976 -3.01
1975 -1.97
Norway Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Norway, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $168.27B $177.2B 2024
Annual Imports $101.27B $96.98B 2024
Balance of Trade NOK 36.9B NOK 59.9B Sep'25
Exports NOK 131.8B NOK 143.4B Sep'25
Exports (% GDP) 47.56% 47.91% 2024
FDI Inflows (% GDP) 0.85% 2.85% 2024
Imports NOK 94.9B NOK 83.3B Sep'25
Imports (% GDP) 33.66% 32.45% 2024
Tariff Rate 2.57% 3.49% 2022
Trade (% GDP) 81.22% 80.36% 2024