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EU most important trading partner
statistikk
2015-10-21T10:00:00.000Z
External economy
en
urland, Balance of payments, geographical breakdown, balance of goods, balance of services, current balance, export, importBalance of payments, External economy
false
The statistics show the yearly Norwegian current account balance with a geographical breakdown.

Balance of payments, geographical breakdown, 2014

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EU most important trading partner

The Norwegian current account balance towards the rest of the world was NOK 301 billion in 2014. Towards Norway’s most important trading partner, Europe, the Balance of goods was positive, while the Balance of services and the Balance of income and current transfers were negative. The Current account balance with Europe was NOK 298 billion.

Balance of Payments, country breakdown. Current prices. NOK millionPublished 21 October 2015
Balance of goodsBalance of servicesCurrent account balance
201320142013201420132014
The world368 761325 616-45 492-46 128307 811301 327
EU (27 countries)390 908365 123-47 722-54 677302 312297 638
Other European countries1 560-2 043-6 689-6 2583-694
Africa-3 0122 9563 4123 37622 94924 406
North-America8 400-11 945-5 135-3 90112 637-18 504
Central- and South America-3 551-2 1083 5814 811-3 812-6 130
Asia, Oceania & Polar regions-27 099-27 0716 74010 1114 53318 621

Source: Statistics Norway

There was considerable variation in the Norwegian Balance of goods and services and the Balance of income and current transfers with EU countries. Although the Balance of goods was high towards the EU as a whole, there were still countries with which Norway had a negative Balance of goods. With regard to services, the situation was the other way round.

Of the countries within the EU, Norway had the strongest Balance of income and current transfers with the UK, with almost NOK 71 billion, while the weakest was with Sweden, which had a net income of about NOK 31 billion towards Norway in 2014. The largest proportions of the Norwegian Current account balance were earned from the UK, Germany, Netherlands and France.

For more information about the geographical breakdown of the Norwegian export and import of goods, see External trade in goods.

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Balance of payments, geographical breakdown has been revised for the years 2012 and 2013.