Lower prices for oil and gas have lowered Norway’s trade surplus. The surplus in November was the lowest since December 1999.
The country exported goods worth NOK 11.8 billion more than it imported in November, but that’s half the level of the surplus in November 2000.
Part of the decline is also attributed to increased imports to Norway, according to the state Central Bureau of Statistics.
The trade surplus for the first 11 months of 2001, however, amounted to NOK 202.4 billion. That was up NOK 18 billion from the same period the year before