An exhaust purification system of an internal combustion engine arranging in an engine exhaust passage an NOx storing reducing catalyst storing NOx contained in exhaust gas when an air-fuel ratio of inflowing exhaust gas is lean and reducing and purifying stored NOx when the air-fuel ratio of the inflowing exhaust gas becomes a stoichiometric air-fuel ratio or rich, which system is provided with an NOx production reducing means for reducing an amount of production of NOx produced in a combustion chamber due to change of a combustion state of the engine and temporarily reduces the amount of production of NOx by the NOx production reducing means when an amount of N2O flowing out from the NOx storing reducing catalyst is anticipated to exceed an allowable amount.