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/en/utenriksokonomi/statistikker/muh/arkiv
38153
Imports low - surplus high
statistikk
2002-12-16T10:00:00.000Z
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, November 2002

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Imports low - surplus high

Imports in November this year came to NOK 22.3 billion, up 4.1 billion from November last year. Exports increased by 2.3 billion to NOK 40 billion. The trade surplus this month reached NOK 17.6 billion.

The export value of crude oil, NOK 17 billion, is the main reason for the surplus. This amount is a 29.5 per cent increase compared with November 2001. The price of oil for November dropped to NOK 175 per barrel compared with NOK 211 in October this year. The quantity reached 97 million barrels and is the highest monthly amount this year.

Exports of crude oil by country of destination. January-November 2002. Millioner barrels

Decrease in imports

The high trade in aircraft last year was one of the main reasons for the decrease in imports this year because this commodity had no trade in November. For other groups of commodities there are decreases as well, but mostly among goods for investment and for industrial use such as machinery and computers. Imports increased for other commodities like certain kind of food, medicines and pharmaceutical products. Manufactured goods, such as furniture, clothing, footwear and cars, show no big changes.

Traditional exports down

Traditional exports came to NOK 16.4 billion in November compared with 18.4 in November last year. Exports of metals, including aluminum and nickel, had the highest percentage decline. The value of these products was NOK 527 million less than in November 2000.

The value of fish products decreased by NOK 400 million, but the value of fresh salmon remained the same. The second largest product, frozen mackerel, decreased by NOK 150 million and came to NOK 130 million in November. Clipfish, dried cod, is the third largest product and ended with an export value of NOK 45 million less than in November 2000.

Seasonally adjusted figures show a decline

Seasonally adjusted figures for the 3-month period September-November for exports of traditional goods show a decrease of 4.1. per cent compared with the period June-August.

Traditional imports had a decrease of 2.9 per cent for the corresponding periods.

External Trade in Goods, excl. Ships and Oil Platforms. Million NOK
  January-November Change,
per cent 		November Change,
per cent
  2001         2002         2001         2002
Imports  264 869  245 225 -7.4 26 435 22 347 -15.5
Exports  476 260  432 337 -9.2 37 715 39 985 6.0
Of which            
Crude oil  217 331  182 189 -16.2 13 125 16 995 29.5
Natural gas 54 099 63 855 18.0 5 875 6 278 6.9
Condensates 5 570 3 132 -43.8  300  331 10.3
Exports excl. crude oil, natural gas and condensates  199 259  183 160 -8.1 18 415 16 381 -11.0
Trade balance (2-1)  211 390  187 112 -11.5 11 279 17 638 56.4
Trade balance excl. oil, natural gas and condensates (3-1) -65 611 -62 064 . -8 021 -5 966 .

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