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Financial News: Norway Trade Balance Swing To Surplus

Norway Trade Balance Swing To Surplus

10/15/2021 - 06:12:00 (RTTNews)

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

The trade balance registered a surplus of NOK 53.709 billion in September versus a deficit of NOK 9.303 billion in the same month last year. In August, trade surplus was NOK 41.958 billion.

Exports accelerated 117.4 percent year-on-year in September and increased 11.9 percent from a month ago.

Imports grew 10.0 percent annually in September and gained 2.7 percent from the previous month.

The mainland trade logged a deficit of NOK 25.4 billion in September.

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