The forecast for Norway’s transport services exports indicates a gradual decline from 2024 through to 2028. Specifically, the values as a percentage of commercial service exports are decreasing year on year: from 44.04% in 2024 to 42.24% in 2028. Comparing 2024 with 2025, there is a slight reduction, similarly observed each subsequent year. Over the five-year period, this could indicate a compounded annual growth rate (CAGR) that reveals a slow but steady contraction in the share of transport services exports.
Future trends to watch for:
- Emerging technologies in transport and shifts toward greener alternatives could influence transport services exports.
- Global economic fluctuations and trade policies impacting demand for Norway’s transport services.
- Potential growth in other sectors of commercial services exports which might overshadow transport services.
- Changes in international oil prices affecting Norway’s transport logistics and competitiveness.