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92648
Increased imports and exports
statistikk
2013-10-15T10:00:00.000Z
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 2013

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Increased imports and exports

In September, exports and imports amounted to NOK 67.4 billion and NOK 45.7 billion respectively - an increase of 3.5 and 6.1 per cent. This resulted in a trade surplus of NOK 21.7 billion, which is 1.7 per cent lower than the previous year.

External trade in goodsPublished 15 October 2013
NOK MillionChange in per centNOK Million - so far this yearChange in per cent - so far this year
September 2013August 2013 - September 2013September 2012 - September 2013September 2013September 2012 - September 2013
1Due to the data collection method, the preliminary monthly figures published for ships and oil platforms are often incomplete. In retrospect, therefore, the trade in these goods could in some cases lead to major corrections in the figures. Please see tables 2-4 for the impact these figures have on the external trade.
Imports45 6814.86.1384 8142.6
Ships and oil platforms1729-32.6-40.86 6787.0
 
Exports67 368-7.43.5664 617-5.3
Crude oil20 588-20.14.7207 580-11.4
Natural gas16 402-0.115.1177 071-3.5
Natural gas condensates5731.72.36 176-28.7
Ships and oil platforms13-99.3-95.24 424-9.5
Mainland exports29 8020.8-2.6269 366-0.4
 
The trade balance21 686-25.6-1.7279 804-14.3
The mainland trade balance-15 150-17.0-34.9-108 770-10.4

Source: Statistics Norway

During the first three quarters, exports fell by 5.3 per cent to NOK 664.6 billion. Imports increased by 2.6 per cent to NOK 384.8 billion. This reduced the trade surplus by 14.3 per cent to NOK 279.8 billion. The decrease was mainly due to lower exports of crude oil and natural gas; down 11.4 and 3.5 per cent respectively, to NOK 207.6 and NOK 177.1 billion.

Low export of crude oil and natural gas due to maintenance

In September, exports of crude oil amounted to NOK 20.6 billion. This is an increase of 4.7 per cent compared with the same month last year, but also the lowest since this time. The low production in September this year, as last year, is caused by maintenance work. A total of 30.2 billion barrels of crude oil were exported at a price of NOK 681 per barrel.

Exports of natural gas came to NOK 16.4 billion; an increase of 15.1 per cent compared to September 2012. This is still the second lowest export value over the previous 12 months, with a total of 7.3 billion standard cubic metres of natural gas compared to 6.4 billion sm3 the previous year.

Higher exports of fish

During the first three quarters, mainland exports went down by 0.4 per cent to NOK 269.4 billion compared with the same period last year. In September, exports of mainland goods amounted to NOK 29.8 billion; a decrease of 2.6 per cent from the same month last year.

Exports of fish products amounted to NOK 5.1 billion in September; an increase of 28.3 per cent compared to the corresponding month in 2012. During the first three quarters of 2013, the value of fish exports rose from NOK 35.7 billion to NOK 40.4 billion. This is an increase of NOK 4.6 billion. The main reason for the surge is higher salmon prices in 2013 compared to 2012.

In the main commodity group manufactured goods, exports rose by 7.7 per cent to NOK 5.6 billion in September. The sub-groups iron and steel and manufactures of metals increased the most, by NOK 162 and NOK 256 million respectively to NOK 1.1 billion and NOK 791 million. Exports of non-ferrous metals fell by NOK 61 million to NOK 2.9 billion.

Exports of refined petroleum products amounted to NOK 3.7 billion in September; down NOK 1.6 billion compared to September 2012.

Higher imports

In September, imports increased by 6.1 per cent compared with the previous year, to NOK 45.7 billion. For the first three quarters, imports increased by 2.6 per cent to NOK 384.8 billion.

Most of the increase in imports is due to increased imports of metals and manufactures of metals – by NOK 256 and NOK 227 million respectively, to NOK 1.9 and NOK 2.1 billion. Imports of the main commodity group machinery and transport equipment rose in September by NOK 634 million to NOK 17.1 billion compared with the same month last year.

The commodity sub-group road vehicles and other industrial machines grew the most; up NOK 656 and NOK 529 million respectively. For road vehicles, imports of electric cars caused most of the increase. In September, more than 1 500 electric cars were imported at a value of NOK 478 million. By comparison, approximately 600 cars were imported at a value of NOK 111 million in September 2012. This is a growth of 330 per cent.

Updated natural gas figures for July and AugustOpen and readClose

Figures for the value of natural gas in gaseous state has been updated with final prices for 1. and 2. quarter 2013. Based on this the figures for July and August have also been changed.