Statistics Norway: Exports almost doubled in one year

Oil fieldPhoto: Marit Hommedal / NTB

Exports in February ended at NOK 154.2 billion, almost doubling from the same month last year. Exports are still somewhat lower than in January this year.

High value on natural gas exports is the key reason for the increase, but high oil and mainland exports also contributed to the increased export value, according to Statistics Norway.

In February, natural gas exports ended at NOK 67.5 billion, more than four times as much as in the same month last year. A comparison with last year shows that the value of natural gas exports in the first two months of the year is almost as high as the first seven months last year.

Mainland exports ended at a record high of NOK 51.4 billion in February, 34.3% higher than 12 months ago. Imports amounted to NOK 70.0 billion, an increase of 17.7% from the same time last year.

The trade surplus ended at NOK 84.2 billion, more than four times higher than in February 2021 and the third-highest ever, Statistics Norway noted.

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

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1 Comment on "Statistics Norway: Exports almost doubled in one year"

  1. Ok, that is great…but why then so high energy prices for Norwegians? If we are doing so well, shouldn’t we have any benefits from export….just wondering? 🙁

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