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156411
Higher mainland exports
statistikk
2014-06-16T10:00:00.000Z
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
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External trade in goods, May 2014

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Higher mainland exports

Mainland exports in May amounted to NOK 32.6 billion; an increase of 11.9 per cent compared to May 2013. Higher exports in most commodity groups contributed to the increase. Exports of crude oil and natural gas fell by 10.5 and 12.6 per cent respectively.

External trade in goods1Published 16 June 2014
NOK MillionChange in per centNOK Million - so far this yearChange in per cent - so far this year
May 2014April 2014 - May 2014May 2013 - May 2014May 2014May 2013 - May 2014
1The figures are marked with the symbol *. This is Statistics Norways standard symbol for indicating preliminary figures.
2Due 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.
Imports43 507-1.1-1.5219 2243.8
Ships and oil platforms24-99.4-99.61 346-58.3
 
Exports70 297-6.4-3.3390 8305.2
Crude oil20 584-17.3-10.5120 7598.2
Natural gas16 744-8.7-12.6102 840-2.3
Natural gas condensates397-40.7-49.73 624-5.9
Ships and oil platforms2--100.0-100.04 03983.1
Mainland exports32 5726.311.9159 5687.4
 
The trade balance26 790-13.9-6.1171 6067.0
The mainland trade balance-10 93013.722.1-58 3091.8

Source: Statistics Norway

An increase in most of the major commodity groups contributed to the rise in mainland exports. Exports as a whole, however, declined by 3.3 per cent to NOK 70.3 billion. This decrease was due to lower exports of crude oil and natural gas, which in turn was caused by offshore maintenance. Imports of goods decreased by 1.5 per cent from May 2013 and amounted to NOK 43.5 billion in May 2014.

Lower crude oil and natural gas exports

The export value of crude oil amounted to NOK 20.6 billion in May; a decrease of 10.5 per cent compared with the same month last year. The decrease was due to a lower export volume –31 million barrels were exported in May this year compared to 38 million barrels in May 2013. The low volume is linked to planned maintenance on offshore platforms, typically performed during the summer months. The price, however, ended at NOK 659 per barrel, which is NOK 61 more than the same month the previous year.

Natural gas valued at NOK 16.7 billion was exported in May. This is a decrease of 12.6 per cent compared with the same month last year. The export volume of natural gas in a gaseous state totalled 8.1 billion cubic metres. This is a decrease of 5.2 per cent since May last year.

Growth in mainland exports

Mainland exports rose by 11.9 per cent, and amounted to NOK 32.6 billion in May. The majority of the main commodity groups increased compared to May 2013.

The main commodity group; miscellaneous manufactured articles, rose the most, up from NOK 1.9 billion in May 2013 to NOK 2.4 billion in May 2014. This corresponds to an increase of slightly more than NOK 0.5 billion. The sub-group professional and scientific instruments increased the most, by NOK 400 million from May 2013. Among the other groups, chemical and related products rose by NOK 434 million and amounted to NOK 3.5 billion in May 2014. Of the sub-groups here, chemical materials and products in addition to medical and pharmaceutical products contributed most to the growth. These groups increased by NOK 279 million and NOK 112 million respectively.

Otherwise, exports of fish increased by NOK 216 million and amounted to NOK 5 billion from May 2013 to 2014. The increase this time is mainly due to more exports of salmon fillets. Exports of refined petroleum products increased by 38.9 per cent to NOK 5.2 billion in May.

Lower imports

Goods with a total value of NOK 43.5 billion were imported in May; down 1.5 per cent compared to the previous year.

The main commodity; group chemical and related products, increased by over NOK 600 million in May, and amounted to NOK 4.6 billion. There was a relatively steady increase in all sub-groups here. Organic and inorganic chemical products increased the most, with NOK 219 million and NOK 180 million respectively.

The greatest decline was in the group machinery and transport equipment, which amounted to NOK 16.5 billion in May. This is just under NOK 1 billion or 5.6 per cent lower than in May 2013. The decline occurred despite a rise in most of the sub-groups, with the NOK 1.7 billion fall in the group other transport equipment dragging the group down as a whole. The sub-group other transport equipment can vary widely from month to month as it contains goods such as ships and aircraft.