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Norway December Trade Surplus Highest Since 2008

Norway's merchandise trade surplus increased to the highest in around three years in December, data released by Statistics Norway showed Monday.

The trade surplus climbed 10.8 percent from last year to NOK41.19 billion in December, hitting the highest level since 2008.


Export of goods increased 6.3 percent from last year to NOK81.25 billion during the month. Shipments of crude oil advanced 6.7 percent annually, while dispatches of natural gas climbed 8.1 percent.


The value of imports moved up 2 percent year-on-year to NOK40.06 billion in November, while on a monthly basis, arrivals decreased 8.8 percent.


In the January-December period, the value of exports increased 12.5 percent from the corresponding period a year earlier, while imports rose 9.3 percent, the agency said.

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