The trade surplus in June 2014 amounted to NOK 17.8 billion; 43.2 per cent lower than in the same month last year. This is the lowest surplus since 2004. Less oil and gas exports are the main reason for the decline.

In June, exports of goods came to nearly NOK 63 billion; a decrease of 14.3 per cent compared to the same month last year. The decline was mainly due to less exports of crude oil and natural gas, which respectively fell by 9.6 and 30.3 per cent. At the same time, imports rose in June by 7.4 per cent, to just over NOK 45 billion. Combined, this led to the lowest trade surplus in ten years.

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