Major trade surplus for Norway
Only five nations of the world have a greater trade surplus than Norway. It is the country’s large oil and natural gas resources that lift Norway in the ranking, newspaper Aftenposten writes. Russia is number four on the list.
Saudi-Arabia tops the ranking with a trade surplus for goods of 1331 billon NOK. China is second on the list, with a trade surplus of 1232 billion NOK, followed by Germany, Russia, Ireland and then Norway, with a sixth with a trade surplus of 325 billion NOK and a population of only 4.8 million.
This is shown by a survey made by the Economist’s weekly magazine, quoted by Aftenposten.
It is the country’s large oil and natural gas resources that lift Norway in the ranking. Nearly 60 per cent of Norway’s export of goods last year came from oil and gas. And although oil exports dropped by 35 per cent from 2000 to 2009, the production of natural gas more than doubled in the same period, Aftenposten writes.
The export of Norwegian seafood also remained high during the financial crisis of 2009: The export value increased by 16.4 per cent, and reached 43.5 billion NOK.
