In January of 2016, Norway’s imports & exports volume was USD 11.77 billion, down 22.0% by year according to Statistics Norway. The exports volume was USD 6.84 billion, down 26.5% and imports volume was USD 4.93 billion, down 14.8%. The trade surplus was USD 1.91 billion, down 45.8%.
In January, Imports & exports value between Norway and China was USD 800 million, down 8.9%. Norway’s exports value to China was USD 200 million, down 10.3%. It accounted for 2.9% of Norway’s total exports, up 0.5%. Norway’s imports from China reached USD 600 million, down 8.5%. It accounted for 12.2% of total imports, up 0.8%.Norway’s trade deficit was USD 410 million, down 7.6%.
Up to January, China has become the ninth largest market for Norway’s exports and the largest import source for Norway.