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38179
Decline in Foreign Trade
statistikk
2001-11-15T10:00:00.000Z
External economy
en
muh, External trade in goods, import, export, balance of trade (export minus import), mainland exports, imports excluding ships and oil platforms, trade ( between countries, continents and trade regions), international product groups (for example hs, sitc and bec), product groups (for example food, crude oil and metals)External trade , External economy
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External trade in goods, October 2001

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Decline in Foreign Trade

Norway exported goods for NOK 43.7 billion in October, whereas imports amounted to NOK 26.2 billion. From October of last year to October this year exports of crude oil decreased by 30 per cent.

This year imports for October came to NOK 26.2 billion whereas last year the amount was 28.1 billion, a decrease of 6.8 per cent. Traditional exports went down to 19.1 billion from 20.1 billion last year.

Oil prices down

The export value of crude oil, natural gas and condensate amounted to 24.6 in October compared with 31.2 billion in October 2000. The price per barrel for the month was NOK 178 against NOK 292 last year. The average daily export volume increased from 2.91 million barrels last year to 3.33 barrels this year.

Trade balance

Due to the price decline the trade balance in October went down by one billion to NOK 19.1 billion. Still the first ten months this year show a higher surplus than for the corresponding period last year, 194 billion [corrected 22.11.01] compared with 176 billion, respectively.

Excluding crude oil and natural gas the trade deficit for the first ten months was 58 billion compared with 55 billion for the same period last year.

Seasonally adjusted figures

These figures decreased by eight per cent for exports in the period August-October compared with figures from the previous three months. For imports the decline is 5.3 per cent for the same periods.

External Trade in Goods, excl. Ships and Oil Platforms. Million NOK
  January-October Change, per cent October Change, per cent
  2000 2001 2000 2001
Imports 231 130     238 006     3,0     28 143     26 232     -6,8
Exports 423 101 432 026 2,1 51 317 43 729 -14,8
Of which            
Crude oil 211 494 200 483 -5,2 26 321 18 446 -29,9
Natural gas 35 561 46 415 30,5 4 911 5 732 16,7
Condensates . 5 270   . 407  
Exports excl. crude oil, natural gas and condensates 176 047 179 858 2,2 20 084 19 144 -4,7
Trade balance (2-1) 191 971 194 020 1,1 23 174 17 497 -24,5
Trade balance excl. oil, natural gas and condensates (3-1) -55 083 -58 148 . -8 059 -7 088 .

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