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2025-12-15 15:58:25
[Norway's Trade Surplus Narrows to 41.3 Billion Kroner in November] ⑴ Norway's trade surplus narrowed to 41.3 billion kroner in November, compared to 68.8 billion kroner in the same period last year, mainly dragged down by a decline in exports. ⑵ Exports fell 14.8% year-on-year to 139.8 billion kroner, primarily due to a 22% decrease in sales of mineral fuels, lubricants, and related materials. ⑶ Food and livestock exports fell 4.9%, while exports of manufactured goods, mainly classified as raw materials, fell 15.5%. ⑷ On the other hand, imports increased 3.3% year-on-year to 98.5 billion kroner, mainly driven by a 3.6% increase in purchases of machinery and transport equipment, a 3.3% increase in imports of manufactured goods, mainly classified as raw materials, and a 5.9% increase in imports of unspecified chemicals and related products. ⑸ From January to November this year, Norway's cumulative trade surplus reached 619.9 billion kroner, a 3.4% decrease compared to the same period last year, due to a slight 0.2% decrease in exports and a 1.8% increase in imports.
