International Merchandise Trade Statistics: Exports: Commodities for Norway
XTEXVA01NOQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
448,442,500,000.00
Year-over-Year Change
-28.13%
Date Range
1/1/1955 - 4/1/2025
Summary
This trend measures Norway's exports of commodities, providing insights into the country's international trade activities 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 Merchandise Trade Statistics: Exports: Commodities for Norway tracks the value of Norway's exports of various goods and products to international markets. This data is crucial for understanding Norway's role in global trade and the composition of its export-driven economy.
Methodology
The data is collected by the Norwegian statistical agency based on customs declarations and other administrative sources.
Historical Context
Policymakers and analysts use this trend to monitor Norway's trade balance, evaluate the competitiveness of its exports, and assess the impact of economic policies on the country's external sector.
Key Facts
- Norway is a major exporter of energy products, including crude oil and natural gas.
- Seafood is another key export commodity for Norway, with salmon and other fish products being highly sought after globally.
- The value of Norway's commodity exports has fluctuated in recent years due to changes in global demand and commodity prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of Norway's exports of various commodities, such as energy products, seafood, and other goods, to international markets.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Norway's trade balance, the competitiveness of its exports, and the performance of its export-driven economy, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Norwegian statistical agency based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Norway's trade balance, evaluate the competitiveness of its exports, and assess the impact of economic policies on the country's external sector.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and any limitations of the Norwegian statistical agency responsible for collecting and publishing the information.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Norway (XTEXVA01NOQ664S), retrieved from FRED.