October 15, 2019 / 6:51 AM / a month ago

Norway reports rare trade deficit amid drop in oil price, gas exports

OSLO, Oct 15 (Reuters) - Norway on Tuesday reported it’s first monthly trade deficit in almost two years, a rare event triggered by a sharp fall in its sale of natural gas and a decline in the price of crude oil, the country’s two most important exports.

The September trade deficit amounted to 1.2 billion Norwegian crowns ($131.60 million), Statistics Norway said, and was only the third month of negative trade balance in the last two decades. ($1 = 9.1188 Norwegian crowns) (Reporting by Terje Solsvik; editing by Darren Schuettler)

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