Norway Trade Surplus Widens Slightly in August

Norway’s trade surplus widened slightly to NOK 60.1 billion in August 2025 from NOK 59.2 billion in the corresponding month in the previous year, as exports fell less sharply than imports. Exports dropped by 5.2% year-on-year to NOK 143.4 billion, weighed down by lower sales of mineral fuels, lubricants and related materials (-16.6%) and food and live animals (-2.4%). The downturn was partly offset by a significant rise in machinery and transport equipment exports (+89.6%). Meanwhile, imports declined by 9.4% to NOK 83.3 billion, with decreases across most product categories, led by mineral fuels, lubricants and related materials (-48.3%), manufactured goods classified chiefly by material (-11.3%), and machinery and transport equipment (-3.6%). For the first eight months of the year, the country’s trade surplus totaled NOK 490.6 billion, up 2.6% from the same period a year ago.