International Merchandise Trade Statistics: Imports: Commodities for Norway
XTIMVA01NOQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
275,568,000,000.00
Year-over-Year Change
10.05%
Date Range
1/1/1955 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Norway measures the monetary value of goods imported into Norway. This key economic indicator provides insights into Norway's international trade and consumption patterns.
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 imported commodities and goods into Norway on a monthly basis. It is a crucial metric for analyzing Norway's trade balance, assessing the strength of domestic demand, and evaluating the impact of global economic conditions on the Norwegian economy.
Methodology
The data is collected and reported by Norway's national statistical agency based on customs declarations and other administrative sources.
Historical Context
Policy makers and market analysts closely monitor this import data to gauge Norway's economic performance and make informed decisions.
Key Facts
- Norway is one of the world's largest exporters of oil and gas.
- Imports account for over 30% of Norway's gross domestic product.
- China is Norway's largest import partner, followed by Germany and Sweden.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of commodities and goods imported into Norway on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This import data provides crucial insights into Norway's trade balance, domestic demand, and exposure to global economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by Norway's national statistical agency based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this import data to gauge Norway's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short lag, providing timely insights into Norway's trade dynamics.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Norway (XTIMVA01NOQ664N), retrieved from FRED.