In the Nordic countries, Norway had the highest amount of net trade in goods and services until 2014. However, when Norwegian exports were hit by a fall of the oil price, its trade surplus sank dramatically, from 44 billion U.S. dollars in 2014 to only six billion in 2016. Its trade surplus again rose rapidly in 2022 as gas prices rose sharply due to Russia's invasion of Ukraine that year. Meanwhile, Finland recorded a negative net trade value in 2023.
Net trade in goods and services in the Nordic countries from 2010 to 2023, by country
(in billion U.S. dollars)
Net trade in goods an services (current U.S. dollars)
Supplementary notes
The source adds the following definition: 'Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.'
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World Bank. (September 19, 2024). Net trade in goods and services in the Nordic countries from 2010 to 2023, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1285691/net-trade-goods-services-nordic-countries/
World Bank. "Net trade in goods and services in the Nordic countries from 2010 to 2023, by country (in billion U.S. dollars)." Chart. September 19, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1285691/net-trade-goods-services-nordic-countries/
World Bank. (2024). Net trade in goods and services in the Nordic countries from 2010 to 2023, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1285691/net-trade-goods-services-nordic-countries/
World Bank. "Net Trade in Goods and Services in The Nordic Countries from 2010 to 2023, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Sep 2024, https://www.statista.com/statistics/1285691/net-trade-goods-services-nordic-countries/
World Bank, Net trade in goods and services in the Nordic countries from 2010 to 2023, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1285691/net-trade-goods-services-nordic-countries/ (last visited November 21, 2024)
Net trade in goods and services in the Nordic countries from 2010 to 2023, by country (in billion U.S. dollars) [Graph], World Bank, September 19, 2024. [Online]. Available: https://www.statista.com/statistics/1285691/net-trade-goods-services-nordic-countries/
