Norway balance of trade

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Norway balance of trade: 61739 (5.81%)
Last Update: July 31, 2024

Norway balance of trade closed down 61739 as of July 31, 2024 from 58350 from the previous month and 66807 from last year.


Norway balance of trade Analytics & Data




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Norway balance of trade

DateValues
2024-07-31 61739
2024-06-30 58350
2024-05-31 58700
2024-04-30 65772
2024-03-31 63321
2024-02-29 51573
2024-01-31 65072
2023-12-31 77338
2023-11-30 75582
2023-10-31 84972
2023-09-30 47578
2023-08-31 64453
2023-07-31 66807
2023-06-30 45360
2023-05-31 45335
2023-04-30 79906
2023-03-31 71170.58
2023-02-28 78879.24
2023-01-31 101125.6
2022-12-31 154177.06
2022-11-30 102322.55
2022-10-31 97691.47
2022-09-30 156341.3
2022-08-31 225288.41

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Norway balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradeno.balanceoftrade61739.0583506-8DownDown602024-07-31

Norway balance of trade Factors

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Norway balance of trade Historical Data

The MacroVar database offers free access to historical data for the Norway balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Norway balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Norway balance of trade

The balance of trade in Norway refers to the difference between the value of exports and imports of goods and services in the country. If Norway has a positive balance of trade, it means that the value of its exports exceeds the value of its imports, leading to a surplus in trade. This can be beneficial for the economy as it indicates that the country is able to sell more goods and services to other nations than it is buying, generating revenue and creating jobs. Conversely, a negative balance of trade, or a trade deficit, means that the value of imports exceeds the value of exports, which can put strain on the economy by draining resources and potentially leading to a decrease in production and employment. Monitoring and managing the balance of trade is important for ensuring a strong and sustainable economy in Norway.

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