Norway exports 667 mln USD worth of defence-related products, services in 2018

Source: Xinhua| 2019-06-08 00:16:44|Editor: yan
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OSLO, June 7 (Xinhua) -- Norway said on Friday that the Nordic country's companies exported defence-related products and services worth 5.8 billion kroner (667 million U.S. dollars) in 2018, which was 8 percent lower than in 2017.

The Norwegian government's annual white paper on exports of defence-related products and services, which was presented on Friday, shows that 6.3 billion kroner worth of such products and services were exported in 2017.

In 2018, the value of exports of arms and ammunition (category A products) amounted to around 3.9 billion kroner, while the value of exports of other types of military equipment (category B products) totalled approximately 870 million kroner.

In 2018, exports of category A products to other North Atlantic Treaty Organization (NATO) countries, Sweden and Finland accounted for around 78 percent of the total export of these products, up from 63 percent the previous year.

Exports of category B products to these countries accounted for 61 percent of the total export of category B products.

The United States was the largest single importer of defence-related products from Norway in the year, according to the white paper. (1 U.S. dollar = 8.69 kroner)