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 N 2 O flowing out from the NOx storing reducing catalyst is anticipated to exceed an allowable amount.