Based on past and forecasted data, the bauxite trade balance for Norway in 2024 is estimated to be 1.27 million metric tons, gradually increasing to 1.3 million metric tons by 2028. The trade balance exhibited minimal year-on-year increases from 2024 to 2028, with each year reflecting an approximate 0.79% increase from the previous year. Looking at the historical data and its growth, it stood at around 1.26 million metric tons in 2023.
Trends to watch for in the future include potential changes in global bauxite demand, advancements in extraction technology, and shifts in Norway’s trade policies. Monitoring these variables will be critical for understanding the dynamics of Norway’s bauxite trade balance in the coming years.