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38117
Continued increase in trade
statistikk
2004-06-15T10:00:00.000Z
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
false

External trade in goods, May 2004

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Continued increase in trade

Exports of goods in May 2004 came to NOK 42.2 billion, an increase of 4.1 billion compared with May last year. Imports of goods came to 24.5 billion, an increase of 1.8 billion. The Norwegian trade surplus in May came to 17.7 billion, an increase of 2.3 billion compared with figures from May last year.

The total export value of crude oil, natural gas and condensate came to NOK 25.8 billion, an increase of 5.2 billion compared with May last year. The export value of crude oil came to NOK 19.8 billion, an increase of 27.0 per cent. The crude oil price averaged NOK 259 per barrel, compared with NOK 175 per barrel in May last year.

Seasonally adjusted figures

Adjusted for seasonality the export value of crude oil, natural gas and condensates increased by 5.8 per cent compared with the period from December - February. Similar figures for traditional exports and imports show a decrease of 3.5 and 7.4 per cent respectively.

External Trade in Goods, excl. Ships and Oil Platforms. NOK Million and change in per cent
  January-May Change in
per cent 		May Change in
per cent
  2003 2004 2003 2004
Imports  112 641       125 262 11.2           22 741           24 523 7.8
Exports  199 616  219 468 9.9 38 129 42 237 10.8
Of which            
Crude Oil 85 838 94 436 10.0 15 566 19 770 27.0
Natural Gas 26 989 31 039 15.0 4 575 5 225 14.2
Condensates 4 185 4 394 5.0  551  862 56.3
Exports excl. crude oil, natural gas and condensates 82 604 89 600 8.5 17 437 16 381 -6.1
Trade balance (2-1) 86 975 94 206 8.3 15 388 17 714 15.1
Trade balance excl. oil, natural gas and condensates (3-1) -30 037 -35 662 . -5 304 -8 143 .

Decrease in exports of petroleum products and machinery

The export value of traditional goods was NOK 16.4 billion in May, compared with 17.4 billion in May last year. This is a decrease of NOK 1.0 billion. This development was mainly due to a decrease in export value for other transport equipment and petroleum products, each of 400 million, and machinery and fish of 300 and 200 million respectively.

Increase in imports of cars, iron and steel

In May, Norway imported traditional goods worth NOK 24.5 billon compared with 22.7 billon in May 2003. This development was mainly due to an increase in imports of road vehicles and iron and steel, 300 and 180 million respectively.

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