Strong June in Norway. Huge profits from oil, gas, and fish
Norway's trade surplus increased significantly. In June 2026, it reached NOK 61.9 billion, which is 32.1% more than a year earlier. The improvement was mainly driven by higher revenues from oil, gas, and fish sales.
Norway profits from commodity sales.
Fot. Ole Jørgen Bratland, materiały prasowe Equinor
Statistics Norway (SSB) reported that the value of goods exports reached NOK 158.3 billion in June. This was 12.5% more than in June 2025. Imports grew more slowly and amounted to NOK 96.4 billion, an increase of 2.7% year-on-year. The difference between exports and imports increased the trade surplus to almost NOK 62 billion.
Gas brought higher revenues. Oil exports also increased
Natural gas exports reached NOK 52 billion. This is 26.9% more than in the same month of the previous year. The increase was due to both higher commodity prices and a larger volume of deliveries. Norway exported 9.5 billion standard cubic meters of gas, which is 8.8% more than a year earlier. The price of gas rose by 12% during this time.
The value of crude oil exports amounted to NOK 36.4 billion, 4.9% higher than in June 2025. The average oil price reached NOK 731 per barrel, which is NOK 12 more than a year earlier. Exports totaled 49.8 million barrels, an increase of 3.2%. At the same time, compared to May, the price fell by NOK 213 and the export value decreased by 19.5%.
The value of crude oil exports amounted to NOK 36.4 billion, 4.9% higher than in June 2025. The average oil price reached NOK 731 per barrel, which is NOK 12 more than a year earlier. Exports totaled 49.8 million barrels, an increase of 3.2%. At the same time, compared to May, the price fell by NOK 213 and the export value decreased by 19.5%.
Norway's trade balance over the past 5 years.Ill. SSB
Mainland exports gained momentum. Fish and energy boosted the result
Exports of goods from mainland Norway reached NOK 68.6 billion. This is an increase of 5.5% compared to June of the previous year. The improvement was driven by refined petroleum products, fish, and electricity. Fish exports alone were worth NOK 13.7 billion, an increase of 7.8% year-on-year.
The volume of fish exports increased by 11.2%. The main source of higher revenues was salmon sales. The value of electricity exports amounted to NOK 2.5 billion, which is 69.2% more than a year earlier. At the same time, imports of refined petroleum products rose by 84.4% to NOK 4.4 billion. Imports of passenger cars fell by 14.5% to NOK 5.8 billion.
The volume of fish exports increased by 11.2%. The main source of higher revenues was salmon sales. The value of electricity exports amounted to NOK 2.5 billion, which is 69.2% more than a year earlier. At the same time, imports of refined petroleum products rose by 84.4% to NOK 4.4 billion. Imports of passenger cars fell by 14.5% to NOK 5.8 billion.
June data show that growth covered several major export groups. However, the biggest changes were recorded in the trade of energy commodities, where the result depended on both prices and delivery volumes. In the same month, the value of electricity exports also increased significantly.
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