Norway sets new record in the export of goods for the second month in a row

International tradePhoto: Tyler Casey / Unsplash

In August, Norway exported goods worth NOK 115.7 billion. Thus, a new export record was set for the second month in a row.

Exports of natural gas, worth NOK 38.4 billion, were the highest by far. Together with crude oil exports, these exports amounted to just over NOK 70 billion, almost 61% of the total export value in August.

Mainland exports ended at NOK 44.5 billion, an increase of 34.7% from the same month last year and an increase of 4.7% from July this year. 

The statistics from Statistics Norway (SSB) indicate that, in August, Norway registered its fifth-highest monthly trade surplus ever. It amounted to NOK 42.6 billion.

At the same time, among other goods, Norway imported F-35 aircraft, chemical products, and mineral oil products.

From April to August, the Norwegian krone weakened. This may have contributed to higher prices for imported goods, measured in Norwegian kroner. According to Norges Bank, the krone was at its weakest in August so far this year, measured against trading partners’ currencies.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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