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/en/utenriksokonomi/statistikker/muh/arkiv
38045
Still increasing exports
statistikk
2007-06-15T10:00:00.000Z
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 2007

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Still increasing exports

Norwegian imports came to NOK 39.4 billion in May 2007, 15.3 per cent more than the equivalent for 2006. The Norwegian export came to NOK 66.4 billion, NOK 4 billion more than in May last year. This resulted in a trade surplus of NOK 27 billion.

The export value of crude oil in May 2007 came to NOK 27 billion. Compared with figures from May 2006, this was up by 6.7 per cent. This occurred in spite of a fall in the average oil price, which came to NOK 420 in May. In comparison, the average price in May 2006 was NOK 425.

External trade in goods, excl. ships and oil platforms. NOK million
  January-May Change in per cent May Change in per cent
  2006 2007 2006 2007
1 Imports  156 990  187 461 19.4 34 179 39 422 15.3
2 Exports  326 452  331 678 1.6 62 346 66 392 6.5
Of which            
Crude oil  132 237  125 267 -5.3 25 350 27 036 6.7
Natural gas 65 404 67 568 3.3 11 384 11 988 5.3
Condensates 9 297 2 640 -71.6 1 840 0 -100.0
3 Exports excl. crude oil, natural gas and condensates  119 513  136 203 14.0 23 773 27 369 15.1
4 Trade balance (2-1)  169 462  144 218 - 28 167 26 970 -
5 Trade balance excl. oil, natural gas and condensates (3-1) -37 477 -51 258 - -10 407 -12 054 -

Seasonally adjusted figures; Increase for exports and imports

Seasonally adjusted figures for exports excluding ships and oil platforms show an increase of 2.7 per cent for the period March to May compared with the previous three-month period. Excluding petroleum products, the equivalent increase was 2.6 per cent. The corresponding figures for imports excluding ships and oil platforms show a rise of 3.3 per cent.

A comparison of the figures from April to May this year show an increase in exports excluding ships, oil platforms and petroleum products of 1.8 percent. The equivalent for imports was a 6.1 per cent decline.

Increase in imports of metalliferous ores and metal scrap

The total imports so far in 2007 amounts to NOK 187.5 billion compared with NOK 157 billion the same period in 2006. In May, Norway has an import value of NOK 39.4 billion, an increase of 15.3 per cent from May 2006.

The import of metalliferous ores and metal scrap more than doubled from May 2006 to May 2007, from NOK 1.7 billion in 2006 to NOK 3.5 billion, which partially can explain the increase in Norwegian imports. In addition, the increase was a result of a higher import value for machinery and transport equipment, amounting to NOK 15.1 billion in May 2007, an increase of 12.6 per cent. Cars were a significant contributor to this growth with an import value of NOK 4.2 billion in May 2007, as compared with NOK 3.8 billion the same month in 2006.

Increase in exports of non-ferrous metals

The export value of goods excluding ships, oil platforms, crude oil, natural gas and condensates came to NOK 66.4 billion in January 2007. This was an increase of 6.5 per cent, or NOK 4 billion, compared with the corresponding month last year. This increase was to a large extent due to a 36.1 per cent increase in exports of non-ferrous metals to NOK 6 billion in May 2007. In addition, the rise in exports was a result of increased exports of machinery specialized for particular industries and general industrial machinery and equipment, amounting to NOK 955 million and NOK 1.3 billion respectively.

The export value of fish in May came to NOK 2.6 billion. This equaled a rise of NOK 123.7 billion, or 5 per cent from May last year.

Imports from Asia and Africa

From January to May 2007, Norway imported commodities from Asia at a value of NOK 23 billion, equal to 12.2 per cent of total imports. This was an increase of 10.1 per cent compared to the equivalent period in 2006. 5.7 per cent of Norwegian import so far in 2007 came from China, amounting to NOK 10.6 billion. This was 22.2 per cent higher than compared to the same period last year. Imports from Japan came to NOK 4.2 billion, a decline of NOK 190 million since last year.

Less than 2 per cent of Norwegian imports so far in 2007 came from Africa. As a total Norway had an import value of NOK 3.4 billion from this continent, more than twice as much as in the same period in 2006. Approximately NOK 1.9 billion, or 56 per cent, of this were imported from Botswana.

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