16.10.201702:24:00UTC+00Norway Trade Surplus Grows In September

Norway's foreign trade surplus increased notably in September from a year ago, driven by sharp rise in exports, preliminary figures from Statistics Norway showed Monday.

The trade surplus rose to NOK 9.18 billion in September from NOK 3.22 billion in the corresponding month last year. However, it was lower than August's trade surplus of NOK 11.06 billion.

Exports surged 11.2 percent year-over-year in September and imports increased 0.9 percent.

On a monthly basis, exports dropped 2.0 percent, while imports went up by 1.0 percent.

At the same time, the mainland trade deficit widened to NOK 20.07 billion in September from NOK 18.67 billion in the same month of 2016.