International Merchandise Trade Statistics: Imports: Commodities for Norway
NORXTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,141,814,000.00
Year-over-Year Change
10.96%
Date Range
1/1/1957 - 6/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Norway measures the monetary value of imported goods into Norway, providing insight into the country's international trade activity and economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the total value of commodities imported into Norway, which is a key indicator of the country's global trade engagement and economic performance. It is used by economists and policymakers to analyze Norway's trade balance, consumer demand, and industrial production trends.
Methodology
The data is collected by Norway's national statistics agency through surveys of importing businesses and customs declarations.
Historical Context
Policymakers and analysts monitor this data to assess Norway's macroeconomic health and trade relationships.
Key Facts
- Norway is a major importer of machinery, transportation equipment, and chemicals.
- Import values can fluctuate based on global commodity prices and domestic demand.
- Trade data is closely watched for insights into Norway's economic performance.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of commodities imported into Norway, providing insight into the country's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: Import data is a key indicator of Norway's economic conditions, including consumer demand, industrial production, and trade relationships.
Q: How is this data collected or calculated?
A: The data is collected by Norway's national statistics agency through surveys of importing businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Norway's import data to assess the country's macroeconomic health and guide trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have lags in reporting due to the time required for collecting and processing the information.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Norway (NORXTIMVA01CXMLM), retrieved from FRED.