Trade Resources Economy Brief Report of Norway's Trade in July 2016

Brief Report of Norway's Trade in July 2016

According to statistics of Statistics Bureau in Norway, its volume of goods trade was USD89.51 billion from January to July in 2016, down 17.6% year-on-year (the same below). Exports fell by 22.1% to USD49.08 billion, and imports fell by 11.4% to USD40.43 billion. The trade surplus was USD8.65 billion, down 50.2%.

In July, Norway's volume of goods trade fell by 12.6% to USD12.30 billion. Exports fell by 18.8% to USD6.97 billion and imports fell by 3.0% to USD5.33 billion. And the trade surplus was USD1.65 billion, down 46.8%.

Since January to July, bilateral trade volume between China and Norway fell by 11.9% to USD5.58 billion. Norway's exports to China were USD1.35 billion, down 24.1%. It accounted for 2.8% of Norway's overall export, down 0.08%. And Norway's imports from China reached USD4.22 billion, down 7.0%. It accounted for 10.5% of Norway's overall imports, up 0.5% over the previous year. Norway's trade deficit with China grew by 4.4% to USD2.877 billion.

China was the ninth largest export market of Norway and the third largest source of imports up to July in 2016.

Source: www.made-in-china.com
Contribute Copyright Policy
Topics: Service