Norway Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Norway's trade balance was $117.8B in 2025, ranked 8th globally. This represents a 78.8% increase from 2024. Data from World Bank, covering 1970–2025.
Overview
Norway's trade balance stood at $117.8B in 2025, a rise of +$51.9B from 2024. Based on recent trends, this figure is projected to reach $117.8B by 2025. Norway ranked 8th globally.
Norway’s trade balance has evolved from a modest deficit of ‑79,939,520.36 in 1970 to a pronounced surplus of 117,780,235,966.07 in 2025, ranking eighth globally among 56 years of data. The most expansive surplus was recorded in 2022 at 169,289,867,383.20, while the deepest deficit occurred in 1977 at ‑3,777,589,931.44, reflecting the impact of oil price shocks and shifting export structures during that era. Compared with peers, Norway’s 2025 surplus trails Switzerland’s 121,192,627,811.09 but exceeds Saudi Arabia’s 103,561,040,000.00, underscoring the country’s strong position in high‑value goods such as energy and maritime equipment. The sustained upward trajectory is driven by robust hydrocarbon exports, expanding green‑technology markets, and a competitive services sector. Continued diversification and potential fluctuations in global energy demand will shape whether Norway can maintain or further improve its trade surplus in the coming years.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $145.5B | - | - |
| 2026* trend | $131.6B | - | - |
| 2025* trend | $117.8B | - | - |
| 2025 | $117.8B | +$51.9B | #8 |
| 2024 | $65.9B | −$8.8B | #148 |
| 2023 | $74.7B | −$94.6B | #160 |
| 2022 | $169.3B | +$94.5B | #174 |
| 2021 | $74.7B | +$78.2B | #171 |
| 2020 | $-3.4B | −$13.2B | #38 |
| 2019 | $9.8B | −$18.6B | #148 |
| 2018 | $28.3B | +$10.8B | #167 |
| 2017 | $17.5B | +$7.3B | #162 |
| 2016 | $10.2B | −$15.8B | #158 |
| 2015 | $26.1B | −$25.7B | #168 |
| 2014 | $51.8B | −$10.0B | #168 |
| 2013 | $61.8B | −$10.4B | #168 |
| 2012 | $72.2B | +$3.4B | #168 |
| 2011 | $68.8B | +$16.8B | #167 |
Detected Pattern
Analysis
Norway matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Norway's trade balance was $117.8B in 2025. Ranked 8th globally. This represents a 78.8% increase from the previous year.
Norway's trade balance peaked at $169.3B in 2022.
The lowest trade balance in Norway was $-3.8B in 1977.
Norway ranks 8th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Norway's trade balance is projected to reach $117.8B by 2025 based on trend extrapolation.
Norway's trade balance was approximately 117.78 billion ($117.8B) in 2025.
The trade balance of Norway in 2025 was $117.8B. This ranks 8th in the world.
Cite this page
@misc{historysaid_norway_trade-balance,
title = {Norway Trade Balance},
url = {https://historysaid.com/norway/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}