Country sheet · Q2 2026 · Aug 2025–Jul 2026
Norway NOR
Norway: where its funding comes from and where its goods go, each figure at its own period. The full board columns are on money-flow, the full trade network on trade-flow; this sheet keeps the join.
Stress signals · Q2 2026
Funding
Q2 2026Who lends through banks
- Locational banking statistics (LBS) · BIS, open, with attribution · Q2 2026, quarterly · read 30 Oct 2026 · via money-flow method
The five largest reporting banking systems by loans and deposits on this economy, Q2 2026, residence basis. Offshore centres hold intragroup funding.
Open Norway in money-flow → A1, A3, reserves by month, the external balance sheet and every board column are there.
- Locational banking statistics (LBS) · BIS, open, with attribution · Q1 2005 to Q2 2026, quarterly · read 30 Oct 2026 · via money-flow method
- Consolidated banking statistics (CBS) · BIS, open, with attribution · Q1 2005 to Q2 2026, quarterly · read 30 Oct 2026 · via money-flow method
- Debt securities statistics (DSS) · BIS, open, with attribution · Q1 2005 to Q2 2026, quarterly · read 27 Oct 2026 · via money-flow method
- International Reserves and Foreign Currency Liquidity (IRFCL) · IMF, open, with attribution · Q1 2005 to Q2 2026, quarterly · read 29 Oct 2026 · via money-flow method
- International Investment Position (IIP) · IMF, open, with attribution · Q1 2005 to Q2 2026, quarterly · read 27 Oct 2026 · via money-flow method
- Balance of Payments (BOP) · IMF, open, with attribution · Q1 2005 to Q2 2026, quarterly · read 27 Oct 2026 · via money-flow method
- Credit to the non-financial sector (GDP for every ratio) · BIS, open, with attribution · Q1 2005 to Q2 2026, quarterly · via money-flow method
money-flow method 1.4 as of Q2 2026; the release is in the footer. Calculations: datasteg.
Trade
Aug 2025–Jul 2026Where its goods go
Where its imports come from
USD bn · share · y/y. Partner-reported or estimated where the importer has not filed. ≠ the two reports of this flow diverge from their usual ratio (mirror divergence).
What it sells and buys, by HS chapter · Aug 2025–Jul 2026
| HS chapter | Value | Share | y/y | Net |
|---|---|---|---|---|
| 27 Mineral fuels & oil | 93.3 | 55.7% | +7% | +86.8 |
| 03 Fish & seafood* | 21.9 | 13.1% | +10% | +21.3 |
| 76 Aluminium | 6.4 | 3.8% | +20% | +4.9 |
| 84 Machinery & computers* | 5.0 | 3.0% | +19% | −13.4 |
| 85 Electronics & electrical* | 3.8 | 2.2% | +20% | −7.8 |
| Other | 37.1 | 22.2% |
| HS chapter | Value | Share | y/y | Net |
|---|---|---|---|---|
| 84 Machinery & computers | 18.4 | 16.4% | +20% | −13.4 |
| 87 Vehicles & parts | 13.5 | 12.0% | +23% | −12.3 |
| 85 Electronics & electrical | 11.6 | 10.3% | +17% | −7.8 |
| 27 Mineral fuels & oil | 6.5 | 5.8% | +27% | +86.8 |
| 73 Steel articles | 4.8 | 4.3% | −2% | −3.9 |
| Other | 57.3 | 51.2% |
Five largest HS chapters per side over the 12-month window, US dollars. Share of the economy’s total exports or imports; y/y against the window a year earlier. Net is exports minus imports of the same chapter. * estimates are 10% or more of the row.
Exposure to chokepoints · 2024
| Chain | Stage | HHI | Top exporter | Its import share | Its supplier |
|---|---|---|---|---|---|
| Chips and electronics | Smartphones | 0.44 | China 65% · Vietnam 8% · India 8% | 0.3% | China 62% |
| Rare earths, magnets and motors | Permanent magnets of metal (NdFeB, SmCo) | 0.42 | China 64% · Japan 9% · Philippines 6% | 0.1% | China 56% |
| Solar photovoltaics | Solar modules | 0.36 | China 57% · Vietnam 13% · Thailand 7% | 0.1% | China 61% |
| Cotton and polyester to clothing | Woven and knitted fabric | 0.29 | China 53% · Türkiye 5% · Taiwan 5% | 0.0% | China 27% |
| Lithium-ion batteries and electric cars | Lithium hydroxide | 0.61 | China 77% · Chile 10% · United States 7% | 0.0% | United States 68% |
| Steel and cars | Iron ore (fines, lump, pellets) | 0.33 | Australia 52% · Brazil 24% · Canada 4% | 0.0% | Ukraine 71% |
| Aluminium | Bauxite | 0.51 | Guinea 68% · Australia 19% · Brazil 3% | 0.0% | Finland 72% |
Chain stages worth over $1bn where one exporter group holds most of world trade (HHI above 0.25: a chokepoint). This economy’s share of world imports of the stage and its top supplier; each row opens the chain on trade-flow with this economy in focus.
Open Norway in trade-flow → The explorer with this economy in focus: every partner, every product window and the events that touched it.
- UN Comtrade, goods trade by reporter and partner · UN Statistics Division, derived records only (shares × world total) · 12-month window, Aug 2025–Jul 2026 · read 2 Nov 2026 · via trade-flow method
- UN Comtrade, goods trade by reporter and partner · UN Statistics Division, derived records only (shares × world total) ·
HS 2-digit chapters· 12-month window, Aug 2025–Jul 2026 and the window a year earlier · read 2 Nov 2026 · via trade-flow method - UN Comtrade, goods trade by reporter and partner · UN Statistics Division, derived records only (shares × world total) · chain stages, 2024 · read 2 Nov 2026 · via trade-flow method
Importer-reported where filed, partner-reported or estimated otherwise (marked), to Aug 2025–Jul 2026. Calculations: datasteg.
Replay a past withdrawal
What the economy’s worst past quarter of withdrawal would mean on today’s stock: a first-round calculation.
Pair with
Goods, bank, portfolio and direct investment for one pair: the page only this site can draw.