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Weekly Bulletin issue no. 47, 1997

External trade with commodities, October 1997:

More imports of IT equipment

Imports of IT equipment rose by over NOK 400 million in October this year compared to the same month last year.
Overall imports were up NOK 1.7 billion. Disregarding the large import of electricity in October last year the growth in imports would have been NOK 0.5 billion higher. Last month the import value for the group IT equipment was NOK 425 million higher than for the same month last year. The import value of industrial machines, metals excluding iron and steel and electrical machines and apparatus also grew NOK 100-160 million each. Clothing imports rose NOK 90 million, while furniture imports increased by NOK 75 million.

NOK 5.9 billion surplus

Norway exported NOK 16.5 billion worth of traditional goods in October. This is 9.2 per cent more than for the same month last year. Exports of oil and gas totalled NOK 13.2 billion. With an import value of NOK 23.7 billion this yielded a favourable trade balance of NOK 5.9 billion in October. Ships and oil platforms are not included in the balance.

The value of traditional commodity exports in the last month are fully NOK 1 billion higher than the previous record in September. The value of imports in October was a new record, up from NOK 1.7 billion from October 1996. The value of exports excluding ships and platforms was NOK 274.8 billion during the 10 first months of the year, an increase of eight per cent from the same period last year. So far this year merchandise imports have increased by seven per cent, totalling NOK 194.7 billion, yielding an export surplus of NOK 80 billion.

New Statistics

External trade with commodities, October 1997.
Statistics are published every month in the Weekly Bulletin of Statistics and Monthly Bulletin of External Trade. Detailed figures are available from Customer Services, External Trade, tel. +47 21 09 47 52/53 and are published in the Monthly Bulletin of External Trade in week 47. More information: Øyvind Hagen, tel. +47 21 09 47 26, e-mail: oyh@ssb.no or Customer Services.

Weekly Bulletin issue no. 47, 1997