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Financial News: Norway Trade Balance Swing To Surplus

Norway Trade Balance Swing To Surplus

07/09/2021 - 05:50:00 (RTTNews)

(RTTNews) - Norway's trade balance swung to surplus in June, amid a rise in exports and imports, data from Statistics Norway showed on Friday.

The trade balance registered a surplus of NOK 25.023 billion in June versus a deficit of NOK 9.212 billion in the same month last year. In May, trade deficit was NOK 14.354 billion.

Exports accelerated 70.7 percent year-on-year in June and increased 12.6 percent from a month ago.

Imports grew 9.5 percent annually in June and gained 0.4 percent from the previous month.

The mainland trade logged a deficit of NOK 25.3 billion in June.

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