Norway’s trade surplus widened to NOK 97.5 billion in March 2026 from NOK 58.9 billion in the same month a year ago. This marked the largest trade surplus since January 2023, as export growth outpaced imports. Exports surged by 28.5% year-on-year to NOK 199.9 billion, driven mainly by a 33.7% jump in shipments of mineral fuels, lubricants, and related materials. Exports of machinery and transport equipment (54.4%), food and live animals (3.1%), and manufactured goods classified chiefly by material (7.5%) also went up. Meanwhile, imports climbed by 16.0% to NOK 102.5 billion, largely due to increased purchases of machinery and transport equipment (14.7%), miscellaneous manufactured articles (5.8%), and chemicals and related products n.e.s. (12.8%). For the first quarter of the year, the country recorded a trade surplus of NOK 218.2 billion, down 5.6% from the same period last year, with exports (-2.6%) falling more than imports (-0.1%).

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