Norway Trade Surplus Widens In January

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Statistics Norway reported on Monday that the country's trade surplus stood at NOK 34.4 billion in January, up from the NOK 31.1 billion in the previous month. A year ago, a surplus of NOK 32.4 billion was recorded.

Exports dropped 5.8% year-on-year to NOK 63.5 billion in January. Exports excluding crude oil, natural gas & condensates climbed 7.5%.

At the same time, imports slid 17.1% to NOK 29.0 billion - the lowest monthly import value since April 2006.

Statistics Norway reported on Monday that the country's trade surplus stood at NOK 34.4 billion in January, up from the NOK 31.1 billion in the previous month. A year ago, a surplus of NOK 32.4 billion was recorded. (Market News Provided by RTTNews)