1.  Overview the trade of NORWAY in goods current year until 202308

According to Dalian Infobank, in 202308, NORWAY's exports and imports of goods amounted to 20965.5755 million, and were down 50.41% comparing with the same period of last year. Among these, exports were down 59.34% at 13416.5627 million, and imports were down 18.63% at 7549.0127 million. And the corresponding trade surplus was 5867.5500 million and down 75.27%.

During the current year until 202308, NORWAY's total exports and imports of goods were 180452.6745 million and were down 30.55% comparing to the same period of last year. Among these, exports were 116071.6602 million and down 38.86%; imports were 64381.0143 million and down 8.05%. The total trade surplus was 51690.6460 million and down 56.86%.

If considering by country (region), GERMANY, UNITED KINGDOM, SWEDEN, NETHERLANDS, CHINA were NORWAY's top five trading partners. During the current year until 202308, NORWAY's imports and exports to five countries/territories were 29725.2893 million, 24990.2626 million, 16263.5771 million, 13098.4658 million, 9611.3115 million. These values correspond to 16.47%, 13.85%, 9.01%, 7.26%, 5.33% of NORWAY's imports and exports, and, respectively, were down 50.73%, down 45.61%, down 19.86%, down 14.75%, down 23.59% comparing to the same period of last year.

Current year until 202308, NORWAY and the top five trade partners GERMANY, UNITED KINGDOM, NETHERLANDS, SWEDEN, FRANCE are the top five countries/territories that NORWAY exports to in terms of the total export amount. During the current year until 202308, NORWAY's exports to these five countries/territories were 22269.6820 million, 22063.6215 million, 10125.7238 million, 9258.4524 million, 6714.5788 million. These values correspond to 19.19%, 19.01%, 8.72%, 7.98%, 5.78% of NORWAY's exports and, respectively, were down 57.93%, down 48.83%, down 18.90%, down 17.99%, down 63.76% comparing with the same period of last year.

Current year until 202308, NORWAY's exports to top five countries/territories GERMANY, CHINA, SWEDEN, UNITED STATES, NETHERLANDS are the top five countries/territories that NORWAY imports from in terms of the total export amount. During the current year until 202308, NORWAY's imports from these five countries/territories were 7455.6073 million, 7259.4997 million, 7005.1247 million, 4949.0301 million, 2972.7420 million. These values correspond to 11.58%, 11.28%, 10.88%, 7.69%, 4.62% of NORWAY's total imports and, respectively, were up 0.83%, down 15.80%, down 22.21%, up 12.22%, up 3.20% comparing with the same period of last year.

During the current year until 202308, the trade surplus of NORWAY was mainly from UNITED KINGDOM, GERMANY, NETHERLANDS, BELGIUM, FRANCE at 19136.9805 million, 14814.0747 million, 7152.9818 million, 4997.6110 million, 4843.7360 million, and down 52.51%, down 67.47%, down 25.53%, down 61.49%, down 70.82%. And the trade deficits were mainly from CHINA, UNITED STATES, CANADA, BRAZIL, JAPAN at 4907.6879 million, 1155.0762 million, 991.3846 million, 899.2850 million, 634.7805 million, and up 5.20%, up 9.76%, down 16.81%, up 94.44%, up 68.40%.

Current year until 202308, NORWAY's trade surplus or deficit with top five countries/territories During the current year until 202308,  commodities with hs2 codes, 27, 84, 03, 87, 85, were NORWAY's top five traded commodities. They correspond to the import and export values of 84195.5706 million, 12016.9146 million, 10194.9042 million, 8771.4511 million, 8098.7492 million, which were down 47.04%, up 12.81%, up 2.34%, up 6.79%, up 4.21% comparing with the same period of last year and account for 46.66%, 6.66%, 5.65%, 4.86%, 4.49% of NORWAY's total imports and exports.

During the current year until 202308, 27, 03, 99, 76, 84 were NORWAY's top five traded commodities, with total import and export values of 78893.7109 million, 9891.2756 million, 3594.5889 million, 3430.5689 million, 3291.5711 million. These values correspond to 67.97%, 8.52%, 3.10%, 2.96%, 2.84% of NORWAY's total exports and, respectively, were down 48.05%, up 2.12%, down 8.34%, down 27.32%, up 19.10% comparing to the same period of last year.

During the current year until 202308, 84, 87, 85, 27, 73 were NORWAY's top five traded commodities, with total import values of 8725.3435 million, 7719.7913 million, 6069.0657 million, 5301.8597 million, 2778.4075 million. These values correspond to 13.55%, 11.99%, 9.43%, 8.24%, 4.32% of NORWAY's total exports and, respectively, were up 10.60%, up 3.76%, up 1.57%, down 25.47%, down 9.48% comparing to the same period of last year.

2. Current year until 202308, NORWAY binational trade profile

According to Dalian Infobank, during the current year until 202308, NORWAY-China binational exports and imports of goods amounted to 9611.3115 million and were down 23.59% comparing with the same period of last year. Among these, exports from NORWAY to China were 2351.8118 million and down 40.56%, imports from China to NORWAY were 7259.4997 million and down 15.80%. The total binational trade deficit was 4907.6879 million and up 5.20%.

During the urrent year until 202308, commodities with hs2 code, 85, 84, 87, 03, 27, were binational trade's top five traded commodities. They correspond to import and export values of 2077.5940 million, 1493.6068 million, 897.0891 million, 544.3417 million, 412.5559 million and makes up 21.62%, 15.54%, 9.33%, 5.66%, 4.29% of the total binational imports and exports. These values were also down 5.05%, down 12.90%, down 17.36%, up 3.58%, down 82.73% comparing to the same period last year.

During the current year until 202308, 03, 27, 29, 99, 75 were the top five traded commodities exported to China from NORWAY, with export values of 526.9065 million, 375.1487 million, 323.8697 million, 307.8874 million, 213.6112 million. These values account for 22.40%, 15.95%, 13.77%, 13.09%, 9.08% of NORWAY's total exports and were up 1.86%, down 84.23%, up 22.51%, up 50.88%, up 205.13% comparing to the same period of last year.

During the current year until 202308, 85, 84, 87, 94, 62 were NORWAY's top five traded commodities importing from China , with import values of 1988.6559 million, 1328.6186 million, 874.6073 million, 348.9841 million, 327.4330 million. These values account for 27.39%, 18.30%, 12.05%, 4.81%, 4.51% of NORWAY's total imports and were down 6.49%, down 14.43%, down 18.35%, down 34.43%, down 19.62% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Statistics Norway