International Trade: Exports: Value (Goods): Excluding Ships and Oil Platforms for Norway
XTEXVA03NOM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159,800,000,000.00
Year-over-Year Change
-14.16%
Date Range
1/1/1989 - 11/1/2023
Summary
This economic trend measures the value of goods exported from Norway, excluding ships and oil platforms. It provides insight into Norway's international trade and competitiveness in the global market.
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): Excluding Ships and Oil Platforms for Norway series tracks the monetary value of physical goods exported from Norway, excluding large, irregular items like ships and oil platforms. This metric is used by economists and policymakers to analyze Norway's trade balance, economic growth, and export-driven industries.
Methodology
The data is collected by Norway's national statistical agency based on customs records and other trade reporting.
Historical Context
This export value trend is relevant for understanding Norway's economic performance and trade policies.
Key Facts
- Norway is a major global exporter of oil, gas, and seafood.
- Exports account for over 30% of Norway's GDP.
- The export value trend excludes large, irregular shipments like oil platforms.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of physical goods exported from Norway, excluding large, irregular items like ships and oil platforms.
Q: Why is this trend relevant for users or analysts?
A: This export value trend provides insight into Norway's international trade performance, economic growth, and export-driven industries, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Norway's national statistical agency based on customs records and other trade reporting.
Q: How is this trend used in economic policy?
A: This export value trend is used by economists and policymakers to analyze Norway's trade balance, economic growth, and the performance of key export sectors.
Q: Are there update delays or limitations?
A: There may be some delays in reporting the latest trade data, and the exclusion of large, irregular shipments could limit the trend's comprehensive coverage of Norway's total exports.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Excluding Ships and Oil Platforms for Norway (XTEXVA03NOM664S), retrieved from FRED.