38009_not-searchable
/en/utenriksokonomi/statistikker/muh/arkiv
38009
Fall in exports
statistikk
2008-12-15T10:00:00.000Z
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, November 2008

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Fall in exports

Goods worth NOK 69.9 billion were exported in November, while imports represented NOK 38.5 billion. With a 9 per cent fall from last month, the export figures continued to weaken. The trade surplus in goods ended at NOK 31.4 billion.

In November 2008, the export value of crude oil was NOK 22.4 billion. This represented a 14.4 per cent fall compared with last November and a 13.6 per cent fall from last month. The average crude oil price was NOK 380 per barrel in November and NOK 512 in November 2007. The fall in crude oil prices was to some extent counteracted by an increase in exports of natural gas reaching NOK 17.6 billion in November. This is an increase of approximately 25 per cent from November last year, when exports were NOK 14 billion.

External trade in goods, excl. ships and oil platforms. NOK million
  January-November Change in
per cent 		November Change in
per cent
  2007 2008 2007 2008
1 Imports  424 181       445 528 5.0       40 912       38 514 -5.9
2 Exports  710 703  852 893 20.0 72 405 69 927 -3.4
Of which            
Crude oil  277 335  340 892 22.9 26 233 22 444 -14.4
Natural gas  119 653  169 092 41.3 14 018 17 595 25.5
Condensates 6 925 9 697 40.0 1 065  885 -16.8
3 Exports excl. crude oil, natural gas and condensates  306 790  333 211 8.6 31 089 29 003 -6.7
4 Trade balance (2-1)  286 522  407 364 42.2 31 493 31 413 -0.3
5 Trade balance excl. oil, natural gas and condensates (3-1) -117 392 -112 317 . -9 823 -9 511 .

The export value of goods excluding ships, oil platforms, crude oil, condensates and natural gas reached NOK 29 billion in November - compared with NOK 31.1 billion in November 2007. The export of non-ferrous metals has fallen approximately 20 per cent in the last 12 months, ending at NOK 3.6 billion in November 2008. The export value of machinery and transport equipment increased from NOK 6.2 billion in November 2007 to 6.6 billion in November 2008, while the corresponding figures for chemicals and related products went from NOK 3.5 billion to 4 billion.

Imports of goods excluding ships and oil platforms were NOK 38.5 billion in November, compared with NOK 40.9 billion in the same month last year. The 5.9 per cent decrease was to some extent caused by a reduction in the import of machinery and transport equipment. The import of road vehicles was NOK 3 billion this November, while the corresponding figure for last year was NOK 4.5 billion. Manufactured goods also showed a fall, from NOK 6.7 billion in November 2007 to NOK 6.2 billion in November 2008.

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