Decline in gas exports weakens Norway’s income – Latest news – news

14 July 2023 at 08:03 Decline in gas exports weakens Norway’s income Norway had a trade surplus of NOK 44.2 billion in June. This is a decrease of 60 per cent compared to the same period last year. At the same time, there is an increase of 7.9 per cent compared to May this year. It is a decline in gas exports that weakens Norway’s income, writes Statistics Norway. In June, goods worth NOK 137 billion were exported, a decrease of 31 per cent compared to June last year. From May this year, there is an increase of 1.8 per cent. – The value of natural gas exports fell by 67.3 per cent compared to June last year. This is primarily due to the fact that gas prices were extraordinarily high last year. Now we see that the price is back at the level we saw in the autumn of 2021, says section manager Therese Vestre at SSB.



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