Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Norway's trade surplus shrinks by two-thirds

Share this article

Norway's trade surplus shrinks by two-thirds
SSB's Torbjørn Eika presented highlights of Norway's economic outlook in Oslo on Thursday. Photo: Cornelius Poppe/NTB Scanpix
08:52 CEST+02:00
Norway said on Thursday its trade surplus shrank by two-thirds in August on a yearly basis, hammered by a combination of higher imports and declining exports of natural gas, marking one of its worst results since 1999.
The surplus stood at 6.8 billion kroner ($825 million, €729 million) in August, a drop of 67.5 percent compared with a year earlier, the national statistics institute SSB said.
 
Exports fell by 13.1 percent, hit by natural gas sales that plunged 42.2 percent, with imports increasing by a nearly 11 percent.
 
 
Outside of hydrocarbons and shipbuilding, Norway's trade balance had a deficit of 19.4 billion kroner.
 
Since the beginning of the year, Norway's trade deficit has shrunk by 48.3 percent compared with the same period in 2015.
Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement