International Trade: Exports: Value (Goods): Total for Norway
XTEXVA01NOQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.80
Year-over-Year Change
62.49%
Date Range
1/1/1978 - 7/1/2023
Summary
This economic trend tracks the total value of goods exported from Norway. It is an important indicator of Norway's international trade activity and economic performance.
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
The 'International Trade: Exports: Value (Goods): Total for Norway' metric measures the total dollar value of all physical goods exported from Norway to other countries. This provides insight into Norway's trade balance, manufacturing output, and participation in global supply chains.
Methodology
The data is collected by Statistics Norway, the national statistical agency, based on customs records and surveys of Norwegian exporters.
Historical Context
Policymakers and analysts use this export value data to assess Norway's economic competitiveness and trade relationships.
Key Facts
- Norway is the world's seventh-largest exporter of goods.
- Crude oil and natural gas make up over 50% of Norway's total exports.
- Export values have grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value, in U.S. dollars, of all physical goods exported from Norway to other countries.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insight into Norway's trade balance, international competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Norway based on customs records and surveys of Norwegian exporters.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export value data to assess Norway's trade relationships and the competitiveness of its industries in global markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Norway (XTEXVA01NOQ188S), retrieved from FRED.