Norway - Balance of Goods

Norway: Balance of Goods

Mnemonic TRBG.INOR
Unit Ths. NOK, NSA
Adjustments Not Seasonally Adjusted
Monthly 34.45 %
Data Aug 2020 -2,864,739
Jul 2020 -2,130,776

Series Information

Source Statistics Norway
Release External Merchandise Trade (M)
Frequency Monthly
Start Date 1/31/1988
End Date 8/31/2020

Norway: Trade

Reference Last Previous Units Frequency
Balance of Goods Aug 2020 -2,864,739 -2,130,776 Ths. NOK, NSA Monthly
Exports of Goods Aug 2020 57,031,523 58,369,184 Ths. NOK, NSA Monthly
Imports of Goods Aug 2020 59,896,262 60,499,960 Ths. NOK, NSA Monthly
Current Account Balance 2020 Q2 20,482 63,231 Mil. NOK, NSA Quarterly
Exports of Goods and Services 2020 Q2 263,110 320,136 Mil. NOK, CDASA Quarterly
Imports of Goods and Services 2020 Q2 264,303 304,730 Mil. NOK, CDASA Quarterly
Net Exports 2020 Q2 -1,193 15,406 Mil. NOK, CDASA Quarterly
Real Exports of Goods and Services 2019 Q1 278,747 272,745 Mil. Ch. 2016 NOK, CDASA Quarterly
Real Imports of Goods and Services 2019 Q1 279,971 273,356 Mil. Ch. 2016 NOK, CDASA Quarterly
Real Net Exports 2019 Q1 -1,224 -611 Mil. Ch. 2016 NOK, CDASA Quarterly

Release Information

The external trade statistics provide information about the commodity flows (shipments, hydrocarbon exports) between Norway and other countries. Monthly statistics on external trade in goods have been published since 1913.

The Norwegian statistical territory comprises the Norwegian customs territory, the Norwegian part of the continental shelf, Svalbard, Bjørnøya and Jan Mayen.

The statistics cover customs declared shipments, exports of crude oil and natural gas from the Norwegian Continental Shelf and imports of ships and oil platforms.

Preliminary figures for the previous month are released on the 15th of each month.

Commodities are classified by the international HS (Harmonized System), UN SITC Rev.4 (level of processing), and UN BEC (Broad Economic Categories).

The assigned statistical value is the value when crossing the Norwegian border, before duties, value added and other taxes. Customs, VAT and other costs are not included in the statistical value. For crude oil that is exported by ship directly from installations on the Norwegian continental shelf, the value when leaving the installations is used. For crude oil and natural gas transported by pipeline from the Norwegian continental shelf, the value when leaving the Norwegian continental shelf. The value of transport in international waterand to a terminal abroad is included in the exports of services. Finally, the statistical value for exports and imports is the transfer sum including takeover of debt, excluding the value of a possibly enclosed charter party.

For full details, please consult the Statistics Norway official page at ( ).

Each month's release is typically revised for the current calendar year; the month-to-month change is usually less than 1%.  Final figures for the preceeding year are released in April or May.  Occasionally up to 36 prior months may be revised.

Seasonally adjusted figures may be revised for the entire length of the series.

Trade data are naturally highly variable.  For smaller trade partners in particular, it's not unusual for most months to have values of 0 or "ND" (no data).