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Norwegian Cross Border Trade Plummets 87.5% Due To COVID-19

Published on Apr 1 2021 9:28 AM in Retail tagged: Featured Post / Trending Posts / Sweden / Norway / Svensk Handel / Paywall / Cross-border trade

Norwegian Cross Border Trade Plummets 87.5% Due To COVID-19

Norwegian consumers spent 87.5% less in Sweden last year, as COVID-19 restrictions led to cross-border trade being decimated, new data has shown.

According to a report by HUI Research in association with retail representative group Svensk Handel, cross-border trade between Norway and Sweden increased by SEK 2.3 billion (€220 million) between 2017 and 2019, to be valued at SEK 27.9 billion (€2.72 billion), before the pandemic struck.

The report also states that some 7,200 jobs were created in Sweden as a result of this cross-border trade.

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