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84792
Lower crude oil exports
statistikk
2012-10-15T10:00:00.000Z
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
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External trade in goods, September 2012

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Lower crude oil exports

The exports of goods came to NOK 65.4 billion in September, down 10.9 per cent from September last year. The decline in volume for crude oil exports was the main reason. The imports amounted to NOK 41.8 billion, down 1.2 per cent.

The trade surplus came to NOK 23.6 billion, which was a decline of 24.1 per cent from the same month in 2011. Mainland exports were down 5 per cent, and came to NOK 30.7 billion.

Lower volume of crude oil exports

The value of crude oil exports was NOK 19.9 billion. This was down 24 per cent from the same month last year. Maintenance led to a low exported volume of only 30.4 million barrels. Compared to both September 2011 and August 2012, this was a decline by about 25 per cent. The mean price of a barrel of crude oil was NOK 656; NOK 23 higher than September last year.

Decline in volume of natural gas exports

Natural gas exports came to NOK 14.3 billion in September. This was an increase of 4.7 per cent compared to September 2011 but down 12.9 per cent from the preceding month. The exported volume of natural gas in a gaseous state amounted to 6.4 billion cubic metres, which was a decline of 7.2 per cent compared to the same period last year.

Related to this press release, access to more updated information on the price of natural gas in a gaseous state has led to an adjustment of these prices for the current year. In the period January to August, this led to a reduction in the export value of about NOK 2.6 billion.

External trade in goods, excl. ships and oil platforms. NOK million
  January-September Change in
per cent 		September Change in
per cent
  2011 2012 2011 2012
1 Imports       362 891       368 798 1.6       42 321       41 798 -1.2
2 Exports  653 290  695 189 6.4 73 382 65 376 -10.9
Of which            
Crude oil  241 838  236 665 -2.1 26 238 19 944 -24.0
Natural gas  135 561  181 149 33.6 13 658 14 294 4.7
Condensates 6 319 6 958 10.1 1 125  396 -64.8
3 Exports excl. crude oil, natural gas and condensates  269 571  270 417 0.3 32 361 30 742 -5.0
4 Trade balance (2-1)  290 399  326 390 12.4 31 062 23 578 -24.1
5 Trade balance excl. oil, natural gas and condensates (3-1) -93 320 -98 382   -9 959 -11 055  

Downturn in mainland exports

Exports excluding ships, oil platforms, crude oil, natural gas and condensates amounted to about NOK 30.7 billion in September. This was down 5 per cent from same period last year, but a rise of 4 per cent from August.

The exported value of fish came to just over NOK 4 billion, which was about NOK 1 billion lower than September 2011. One of the main reasons was the relatively higher amount of mackerel exports in September last year.

Non-ferrous metals declined by NOK 1.1 billion. Both lower exported volumes and price contributed.

Refined mineral products showed the largest increase, up by NOK 1.2 billion to NOK 5.3 billion. Other sub-groups that increased were machinery specialised for particular industries, up NOK 332 million, and other transport equipment, which ended about NOK 500 million higher than September last year.

Stable value for imports

The import of goods excluding ships and oil platforms came to NOK 41.8 billion in September 2012. This was up 1.6 per cent from August, but down 1.2 per cent from September last year.

The main groups that declined the most compared to last September were chemicals and related products, down NOK 410 million, and manufactured goods classified chiefly by material, down NOK 491 million. The decline in the latter group was caused by non-ferrous metals, which were NOK 294 million lower than the corresponding period last year, and iron and steel, which fell by NOK 285 million to NOK 1 billion.

Mineral oil and mineral products rose by NOK 520 million. Additionally, the group consisting of other transport equipment increased by NOK 676 million to NOK 1.5 billion, caused by the imports of aeroplanes in September 2012.

StatBank was updated on 15 October with table 09352: Imports from GSP countries, by commodity group and country.

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