empty
 
 

2019.10.1506:17:00UTC+00Norway's Trade Balance Logs Deficit For First Time In Nearly 2 Years

Norway's trade balance showed a deficit for the first time in nearly two years in September, data from Statistics Norway revealed Tuesday.

The trade deficit came in at NOK 1.22 billion in September versus a surplus of NOK 5.28 billion in August. In the same period last year, the surplus totaled NOK 22.3 billion.

This was the first shortfall since November 2017.

The mainland trade deficit widened to NOK 29.1 billion from NOK 22.42 billion in August.

Exports plunged 19.5 percent annually, while imports grew 12.9 percent in September. On a monthly basis, exports grew only 0.1 percent and imports advanced 10.9 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback