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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Trade Balance fell to 36.9B in September 2025
FMPMonthlyReleased October 2025
Norway Trade Balance fell to 36.9B in September 2025, released October 2025, down 23B from August's 59.9B reading.
Latest Release
36.900000
Actual
—
Consensus
59.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▲ Direct | +0.35 | FOREX | Bullish USD | → View |
| BTC/USD | ▲ Direct | +0.29 | CRYPTO | Bullish BTC | → View |
| EUR/NOK | ▲ Direct | +0.28 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Trade Balance (Norway) was reported at 36.90 billion in October 2025. The reading fell from the previous value of 59.90 billion. Trailing 12-month context per ETL data through October 2025.
WHY IT MATTERS
The trailing three releases averaged 50.33 billion, up from the prior three at 49.80 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/NOK (Bullish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Norges Bank Interest Rate Decision (Jun 18) and Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update October 2025.
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Trade Balance - NO
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About Trade Balance — Norway
DEFINITION
Trade balance is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is a net importer or exporter. A positive trade balance indicates that a country is exporting more than it is importing, while a negative trade balance indicates the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2025): actual 36.9 B. Prior reading (Aug 2025): 60.1 B. Before that (Jul 2025): 54 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.