Norway Trade Surplus Narrows

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Tuesday, the Statistics Norway announced that the trade surplus stood at NOK 24.9 billion in August, narrowing from NOK 30.8 billion surplus in the previous month. The trade surplus was NOK 42.9 billion.

Exports decreased 26.3% year-on-year to NOK 58.02 billion in August, while imports dropped 7.5% to NOK 33.09 billion.

For the first eight months of the year, exports and imports decreased by 23.7% and 13.5%, respectively. During the period, trade balance showed a surplus of NOK 215.1 billion, down from NOK 323.7 billion surplus recorded a year ago.

Tuesday, the Statistics Norway announced that the trade surplus stood at NOK 24.9 billion in August, narrowing from NOK 30.8 billion surplus in the previous month. The trade surplus was NOK 42.9 billion. (Market News Provided by RTTNews)