Norway's 2025 exports hit NOK 2.5 trillion despite oil and gas decline

Oil revenues slipped, but Norway's trade thrived elsewhere. The maritime sector led a NOK 2.5 trillion export surge—here's how.

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2026 May 11 . 5:02 PM

1 min read

The image shows a bar chart depicting the number of imports and exports in the United States in... — The image shows a bar chart depicting the number of imports and exports in the United States in 2014. The chart is composed of different colored blocks, each representing a different country, and the text at the top of the chart provides further information about the data.

Norway's 2025 exports hit NOK 2.5 trillion despite oil and gas decline

Norway’s export figures for 2025 show a mixed picture, with growth in some sectors offset by a decline in oil and gas. Total exports of goods and services reached NOK 2.5 trillion, but energy shipments fell for the first time in years. Meanwhile, other industries expanded, reflecting shifts in the country’s trade patterns. Oil and gas exports dropped by 6% in 2025, bringing their value down to NOK 1.1 trillion. This decline contrasted with broader trends, as overall export volumes rose by 2.4% over the year. When energy shipments were excluded, Norway’s exports still grew by 6%, reaching NOK 1.4 trillion.

Non-energy goods saw an 8% increase, driven by stronger demand and higher volumes. Service exports also climbed by 3%, adding to the positive momentum. The maritime sector remained the country’s top export industry, with shipments totalling NOK 273 billion. Since 2000, Norway’s export growth has largely relied on rising prices and a weaker krone. Over the same period, export volumes have expanded by roughly 35%. In 2025 alone, non-energy export volumes grew by around 4%, showing steady progress beyond the oil and gas sector.

The 2025 figures highlight Norway’s changing export landscape. While oil and gas revenues fell, other industries picked up the slack, pushing total exports to NOK 2.5 trillion. The maritime sector, in particular, stayed strong, reinforcing its role as a key driver of the country’s trade.