Norway Goods Trade Balance

Country:
Norway
NOK, Norwegian Krone
Sector:
Trade
Low Kr-2.865 B Kr-5.039 B
Kr-2.131 B
Last release Importance Actual Forecast
Previous
Kr-2.244 B
Kr-2.865 B
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Norway's Goods Trade Balance measures the difference between the country's exports and imports over a given period. Economists use the Trade Balance to evaluate the structure of trade flows between countries.

Foreign trade is recorded on the basis of the physical movement of goods across the border. The Norwegian economic territory consists of mainland Norway, Svalbard, Jan Mayen, Norwegian dependencies, territorial waters, including the airspace above them, etc. Foreign trade statistics are based largely on information obtained from customs declarations. However, the area of responsibility of the Norwegian customs authorities covers only the mainland and territorial waters. Other significant trade data is additionally collected from territories by using a survey.

A trade deficit is formed when more goods and services are imported than exported. When exports exceed imports, economists point to a trade surplus. It is an indication of high production level. It also shows that the nation produces more goods and services than it can consume.

The impact of the Trade Balance on NOK quotes is ambiguous and depends on the context of business cycles and other economic indicators, such as production dynamics. For example, in economy recession conditions, countries begin to export more in order to create jobs. Conversely, if the economy grows rapidly, developed countries prefer to develop imports in order to ensure price competition. This may influence Norwegian krone quotes accordingly.

Last values:

actual data

forecast

The chart of the entire available history of the "Norway Goods Trade Balance" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2020
Kr-2.865 B
Kr-5.039 B
Kr-2.131 B
Jul 2020
Kr-1.765 B
Kr-5.500 B
Kr-10.376 B
Jun 2020
Kr-10.238 B
Kr1.000 B
Kr-1.392 B
May 2020
Kr-1.161 B
Kr10.100 B
Kr3.631 B
Apr 2020
Kr3.249 B
Kr15.300 B
Kr1.275 B
Mar 2020
Kr2.500 B
Kr18.300 B
Feb 2020
Kr18.300 B
Kr21.200 B
Jan 2020
Kr21.200 B
Kr25.600 B
Dec 2019
Kr25.600 B
Kr18.800 B
Nov 2019
Kr18.800 B
Kr5.900 B
Oct 2019
Kr5.900 B
Kr-1.200 B
Sep 2019
Kr-1.200 B
Kr6.700 B
Aug 2019
Kr6.700 B
Kr6.500 B
Jul 2019
Kr6.500 B
Kr5.200 B
Jun 2019
Kr5.200 B
Kr11.300 B
May 2019
Kr11.300 B
Kr17.600 B
Apr 2019
Kr17.600 B
Kr13.900 B
Mar 2019
Kr13.900 B
Kr15.800 B
Feb 2019
Kr15.800 B
Kr28.800 B
Jan 2019
Kr28.800 B
Kr25.000 B
Dec 2018
Kr25.000 B
Kr26.200 B
Nov 2018
Kr26.200 B
Kr34.900 B
Oct 2018
Kr34.900 B
Kr21.100 B
Sep 2018
Kr21.100 B
Kr31.800 B
Aug 2018
Kr31.800 B
Kr25.300 B
Jul 2018
Kr25.300 B
Kr22.000 B
Jun 2018
Kr22.000 B
Kr16.300 B
May 2018
Kr16.300 B
Kr19.400 B
Apr 2018
Kr19.400 B
Kr15.000 B
Mar 2018
Kr15.000 B
Kr21.300 B
Feb 2018
Kr21.300 B
Kr28.800 B
Jan 2018
Kr28.800 B
Kr24.700 B
Dec 2017
Kr24.700 B
Kr-4.200 B
Nov 2017
Kr-4.200 B
Kr15.100 B
Oct 2017
Kr15.100 B
Kr9.200 B
Sep 2017
Kr9.200 B
Kr12.400 B
Aug 2017
Kr12.400 B
Kr14.300 B
Jul 2017
Kr14.300 B
Kr-0.800 B
Jun 2017
Kr-0.800 B
Kr7.800 B
May 2017
Kr7.800 B
Kr22.200 B
Apr 2017
Kr22.200 B
Kr22.700 B
Mar 2017
Kr22.700 B
Kr23.500 B
Feb 2017
Kr23.500 B
Kr25.000 B
Jan 2017
Kr25.000 B
Kr23.300 B
Dec 2016
Kr23.300 B
Kr15.100 B
Nov 2016
Kr15.100 B
Kr10.400 B
Oct 2016
Kr10.400 B
Kr3.200 B
Sep 2016
Kr3.200 B
Kr6.800 B
Aug 2016
Kr6.800 B
Kr14.000 B
Jul 2016
Kr14.000 B
Kr7.000 B

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Date format

Your embed code

Copy widget codeCopied

Preview