Financial News: Norway Trade Surplus Shrinks In March

Norway Trade Surplus Shrinks In March

04/15/2025 - 02:46:00 (RTTNews)

(RTTNews) - Norway's foreign trade surplus declined in March from a year ago as imports grew faster than exports, data from Statistics Norway showed on Tuesday.

The trade surplus dropped to NOK 60.2 billion in March from NOK 65.3 billion in the same month last year. The surplus also decreased sharply from NOK 84.6 billion in February.

Exports climbed 7.6 percent annually in March, while imports surged by 20.3 percent. The overall increase in exports was mainly driven by a 44.2 percent growth in natural gas.

Meanwhile, exports of ships and oil platforms showed a sharp decline of 69.5 percent.

On a monthly basis, exports declined 8.7 percent, while imports grew by 11.3 percent.

Mainland exports were 11.3 percent higher compared to last year, while they decreased 3.0 percent from February. The mainland trade logged a deficit of NOK 31.1 billion in March, up from NOK 20.4 billion a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Lithuania Inflation Remains Stable, Trade Gap Widens (34 min(s), 14 sec(s) ago)
(RTTNews) - Lithuania's consumer price inflation held steady in April after rising to a 19-mon ...Full Story»

Slovakia Industrial Output Recovers In March (55 min(s), 14 sec(s) ago)
(RTTNews) - Slovakia's industrial production expanded for the first time in three months in Ma ...Full Story»

Portugal Trade Deficit Widens March (01 hr(s), 17 min(s), 14 sec(s) ago)
(RTTNews) - Portugal's trade gap increased in March from a year ago as imports grew faster tha ...Full Story»

Ireland Manufacturing Production Surges 49.1% (02 hr(s), 09 min(s), 14 sec(s) ago)
(RTTNews) - Ireland's manufacturing output growth quickened further in March, preliminary figu ...Full Story»

Czech Retail Sales Growth Improves To 3.4% (03 hr(s), 45 min(s), 14 sec(s) ago)
(RTTNews) - The Czech Republic's retail sales growth improved slightly in March after remainin ...Full Story»

Turkey Industrial Production Rebounds 2.5% (03 hr(s), 56 min(s), 14 sec(s) ago)
(RTTNews) - Turkey's industrial output expanded in March after a renewed decline in the prior ...Full Story»

Swiss Consumer Confidence Weakens To 16-month Low (04 hr(s), 15 min(s), 14 sec(s) ago)
(RTTNews) - Swiss consumer confidence decreased further in April to the lowest level in nearly one ...Full Story»

Italy Industrial Output Rises Marginally (05 hr(s), 16 min(s), 14 sec(s) ago)
(RTTNews) - Italy industrial output grew only marginally in March, data from the statistical offic ...Full Story»