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38049
The positive trend in non-petroleum exports continues
statistikk
2007-04-16T10:00:00.000Z
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
false

External trade in goods, March 2007

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The positive trend in non-petroleum exports continues

In the first quarter of 2007, the seasonally adjusted figures for exports rose by 1.4 per cent compared with the fourth quarter of 2006. Similar figures for imports show an increase of 0.8 per cent.

Adjusted for seasonality, the export value of crude oil, natural gas and condensates increased by 0.4 per cent from the fourth quarter 2006 to the first quarter 2007. Similar figures for exports excluding ships, oil platforms, crude oil, condensates and natural gas show an increase of 3.2 per cent, while imports excluding ships and oil platforms experienced an increase of 0.8 per cent.

External trade in goods, excl. ships and oil platforms. NOK million
  January-March Change in per cent March Change in per cent
  2006 2007 2006 2007
1 Imports 94 999  112 033 17,9 36 834 41 003 11,3
2 Exports  200 927  194 423 -3,2 71 076 68 252 -4,0
Of which            
Crude oil 82 575 74 288 -10,0 28 456 25 947 -8,8
Natural gas 41 575 35 764 -14,0 14 095 11 843 -16,0
Condensates 4 769 1 442 -69,8 1 991  284 -85,7
3 Exports excl. crude oil, natural gas and condensates 72 008 82 930 15,2 26 533 30 178 13,7
4 Trade balance (2-1)  105 928 82 391 -22,2 34 242 27 249 -20,4
5 Trade balance excl. oil, natural gas and condensates (3-1) -22 991 -29 103 26,6 -10 300 -10 825 5,1

Decrease in trade surplus since March last year

The export value of goods came to NOK 68.3 billion in March 2007 compared with NOK 71.1 billion in March last year, a decrease of 4 per cent. Imports amounted to NOK 41 billion, an increase of 11.3 per cent. The Norwegian trade surplus came to NOK 27.2 billion, a decrease of 20.4 per cent compared with March last year.

The decline in the trade surplus was mainly due to a slight fall in exports of crude oil and natural gas. In March 2007, the total export value of crude oil, natural gas and condensates amounted to NOK 38.1 billion, a decrease of NOK 6.5 billion compared with March last year. The export value of crude oil came to NOK 25.9 billion, a decrease of 8.8 per cent. The crude oil price averaged NOK 388 per barrel, compared with NOK 412 per barrel in March last year.

Increase in exports of non-ferrous metals

The export value of goods excluding ships, oil platforms, crude oil, condensates and natural gas was NOK 30.2 billion in March, compared with NOK 26.5 billion in March last year, an increase of 13.7 per cent. This development was mainly due to a substantial increase of the export value of non-ferrous metals of NOK 2.2 billion, or 52 per cent.

The export value of liquefied propane and butanes fell by NOK 767 million, or 53 per cent, while the export value of the commodity groups 'machinery specialized for particular industries' and ‘general industrial machinery’ increased by NOK 285 and 240 million respectively. The export value of fish increased by NOK 426 million, or 14 percent, compared with March last year.

Increase in imports of metals, machinery and vehicles

In March, imports of goods excluding ships and oil platforms amounted to NOK 41 billion, compared with NOK 36.8 billion in March 2006, an increase of 11.3 per cent.

This development was mainly due to an increase of the import value of the commodity groups ‘metalliferous ores and metal scrap’ of NOK 1.4 billion, or 74 per cent. Other commodity groups with an increase in imports value are ‘telecommunications apparatus and equipment', 'electrical machinery’ and 'road vehicles', with increases between NOK 305 to 520 million.

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