Norway: Trade balance, in dollars

* indicates monthly or quarterly data series

Trade balance, billion USD

 Latest value 164.2
 Year 2022
 Measure billion U.S. dollars
 Data availability 1975 - 2022
 Average 23.45
 Min - Max -3.86 - 164.2
 Source The World Bank
For that indicator, we provide data for Norway from 1975 to 2022. The average value for Norway during that period was 23.45 billion U.S. dollars with a minimum of -3.86 billion U.S. dollars in 1977 and a maximum of 164.2 billion U.S. dollars in 2022. The latest value from 2022 is 164.2 billion U.S. dollars. For comparison, the world average in 2022 based on 153 countries is 3.66 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Norway - Trade balance, in dollars - recent values

Historical chart
Norway - Trade balance, in dollars - historical chart - 1975-2022

Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

 Related indicators Latest value Reference Measure
 Terms of trade 113.43 2021 percent
 Trade openness 82.99 2022 percent
 Exports, percent of GDP 55.67 2022 percent
 Exports, billion dollars 322.50 2022 billion U.S. dollars
 Growth of exports 5.89 2022 percent
 Imports, percent of GDP 27.33 2022 percent
 Imports, billion dollars 158.25 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.82 2022 percent
 Foreign Direct Investment, billion dollars 4.78 2022 billion U.S. dollars
 Portfolio investment inflows, equities 2,279.39 2022 million dollars (current)
 Current account, percent of GDP 2.50 2019 percent
 Current account, in dollars 174.55 2022 billion U.S. dollars
 Trade balance, percent of GDP 28.35 2022 percent
 Trade balance, in dollars 164.20 2022 billion U.S. dollars
 Reserves 72.08 2022 billion U.S. dollars
 Remittances, percent of GDP 0.11 2022 percent
 Remittances 28.05 1991 million U.S. dollars
 Net errors and omissions -29,051.98 2022 million USD
 Foreign exchange reserves 839.15 9/2023 billion
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