The first quarter of 2026 saw a sharp rise in Norway’s trade balance, driven by higher prices for petroleum exports. The trade balance surplus reached NOK 226 billion, an increase of NOK 80 billion from the fourth quarter of 2025, although it was slightly lower than in the first quarter of 2025. Total exports of goods and services were NOK 667 billion, up 6 percent versus the previous quarter but down 1 percent from the same period last year. Imports rose 1 percent year‑on‑year to NOK 441 billion. Meanwhile, Norway’s current account surplus remained robust at NOK 267 billion, supported by petroleum exports. Net foreign assets fell 8 percent, declining by NOK 1 600 billion due to volatile global stock markets and a stronger krone, yet net lending was positive at NOK 250 billion.
Source: Statistics Norway (Statistisk sentralbyrå).
Text/data reproduced from https://www.ssb.no/.
Licence: Creative Commons Attribution 4.0 International (CC BY‑4.0).
Licence link: https://creativecommons.org/licenses/by/4.0/
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