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38043
Trade surplus down
statistikk
2007-07-16T10:00:00.000Z
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, June 2007

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Trade surplus down

Exports of goods came to NOK 64.3 billion in June 2007, and imports to NOK 39 billion. The Norwegian trade surplus was NOK 25.3 billion, a decrease of 11.9 per cent compared with June last year. The decline was mainly due to a substantial fall in exports of crude oil and natural gas.

In June 2007, the total export value of crude oil, natural gas and condensates amounted to NOK 32.4 billion, a decrease of NOK 6 billion compared with June last year. The export value of crude oil came to NOK 21 billion, a decrease of 24.5 per cent. The crude oil price averaged NOK 434 per barrel, compared with NOK 425 per barrel in June last year.

Seasonally adjusted figures show continued growth

In the second quarter of 2007, the seasonally adjusted figures for exports rose by 4.6 per cent compared with the first quarter of 2007. Adjusted for seasonality, the export value of crude oil, natural gas and condensates showed an increase of 1.9 per cent from the first quarter to the second quarter 2007. Similar figures for exports excluding ships, oil platforms, crude oil, condensates and natural gas increased by of 7.3 per cent, while imports excluding ships and oil platforms experienced an increase of 4.3 per cent.

External trade in goods, excl. ships and oil platforms. NOK million
  January-June Change in
per cent 		June Change in
per cent
  2006 2007 2006 2007
1 Imports  193 459     227 049 17.4     36 469     39 004 7.0
2 Exports  391 621  395 988 1.1 65 169 64 303 -1.3
Of which            
Crude oil  160 111  146 310 -8.6 27 874 21 043 -24.5
Natural gas 74 129 77 973 5.2 8 725 10 405 19.3
Condensates 11 138 3 620 -67.5 1 840  979 -46.8
3 Exports excl. crude oil, natural gas and condensates  146 243  168 086 14.9 26 730 31 876 19.3
4 Trade balance (2-1)  198 162  168 939 -14.7 28 700 25 299 -11.9
5 Trade balance excl. oil, natural gas and condensates (3-1) -47 216 -58 964 24.9 -9 739 -7 128 -26.8

Increase in exports of metals

The export value of goods excluding ships, oil platforms, crude oil, condensates and natural gas was NOK 31.8 billion in June, compared with NOK 26.7 billion in June last year, an increase of 19.3 per cent. This development was mainly due to an increase of the export value of non-ferrous metals of NOK 1.4 billion, or 33 per cent.

The export value of liquefied propane and butanes increased by NOK 814 million, or 75.9 per cent, while the export value of the commodity groups‘ general industrial machinery’ and 'machinery specialized for particular industries' showed an increase of NOK 665 and 213 million respectively. The export value of fish decreased by NOK 300 million, or 10 per cent, compared with June last year.

Increase in imports of vehicles, mineral oil product and metals

In June, imports of goods excluding ships and oil platforms amounted to NOK 39 billion, compared with NOK 36.5 billion in June 2006, an increase of 7 per cent.

This development was mainly due to an increase of the import value of road vehicles and petroleum products of NOK 810 and 640 million respectively. Other commodity groups with an increase in imports value are non-ferrous metals, electrical machinery and machinery specialized for particular industries, with increases between NOK 370 to 470 million.

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