Norway - Balance of Goods

Norway: Balance of Goods

Mnemonic TRBG.INOR
Unit Ths. NOK, NSA
Adjustments Not Seasonally Adjusted
Monthly 20.62 %
Data Feb 2023 79,287,673
Jan 2023 99,881,794

Series Information

Source Statistics Norway
Release External Merchandise Trade (M)
Frequency Monthly
Start Date 1/31/1988
End Date 2/28/2023

Norway: Trade

Reference Last Previous Units Frequency
Balance of Goods Feb 2023 79,287,673 99,881,794 Ths. NOK, NSA Monthly
Exports of Goods Feb 2023 157,196,585 175,846,096 Ths. NOK, NSA Monthly
Imports of Goods Feb 2023 77,908,912 75,964,302 Ths. NOK, NSA Monthly
Current Account Balance 2022 Q4 361,204 592,003 Mil. NOK, NSA Quarterly
Exports of Goods and Services 2022 Q4 780,666 870,592 Mil. NOK, CDASA Quarterly
Imports of Goods and Services 2022 Q4 412,139 397,348 Mil. NOK, CDASA Quarterly
Real Exports of Goods and Services 2022 Q4 319,081 321,599 Mil. 2020 NOK, CDASA Quarterly
Real Imports of Goods and Services 2022 Q4 333,888 325,393 Mil. 2020 NOK, CDASA Quarterly
Net Exports 2020 Q3 -12,046 -11,484 Mil. NOK, CDASA Quarterly
Real Net Exports 2019 Q1 -1,224 -611 Mil. Ch. 2016 NOK, CDASA Quarterly

Release Information

The external trade statistics provide information about the commodity flows (shipments, hydrocarbon exports) between Norway and other countries. Monthly statistics on external trade in goods have been published since 1913.

The Norwegian statistical territory comprises the Norwegian customs territory, the Norwegian part of the continental shelf, Svalbard, Bjørnøya and Jan Mayen.

The statistics cover customs declared shipments, exports of crude oil and natural gas from the Norwegian Continental Shelf and imports of ships and oil platforms.

Preliminary figures for the previous month are released on the 15th of each month.

Commodities are classified by the international HS (Harmonized System), UN SITC Rev.4 (level of processing), and UN BEC (Broad Economic Categories).

The assigned statistical value is the value when crossing the Norwegian border, before duties, value added and other taxes. Customs, VAT and other costs are not included in the statistical value. For crude oil that is exported by ship directly from installations on the Norwegian continental shelf, the value when leaving the installations is used. For crude oil and natural gas transported by pipeline from the Norwegian continental shelf, the value when leaving the Norwegian continental shelf. The value of transport in international waterand to a terminal abroad is included in the exports of services. Finally, the statistical value for exports and imports is the transfer sum including takeover of debt, excluding the value of a possibly enclosed charter party.

For full details, please consult the Statistics Norway official page at ( ).

Each month's release is typically revised for the current calendar year; the month-to-month change is usually less than 1%.  Final figures for the preceeding year are released in April or May.  Occasionally up to 36 prior months may be revised.

Seasonally adjusted figures may be revised for the entire length of the series.

Trade data are naturally highly variable.  For smaller trade partners in particular, it's not unusual for most months to have values of 0 or "ND" (no data).