243585_not-searchable
/en/utenriksokonomi/statistikker/muh/maaned
243585
Increase in oil exports
statistikk
2016-12-15T08:00:00.000Z
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
Utenrikshandelstatistikken viser utviklingen i Norges handel med utlandet, målt i verdi og mengdetall. Den gir informasjon om totaltall og landfordelt handel.

External trade in goods, November 2016

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Increase in oil exports

Trade surplus in November increased by 14.8 percent compared to last year. This was due to larger export volumes of crude oil and lower import value of machinery and transport equipment.

External trade in goods1Published 15 December 2016
NOK MillionChange in per centNOK Million - so far this yearChange in per cent - so far this year
November 2016October 2016 - November 2016November 2015 - November 2016November 2016November 2015 - November 2016
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 1-3 for the impact these figures have on the external trade.
Exports68 0324.20.8673 181-12.5
Crude oil17 761-0.428.1163 377-11.8
Natural gas15 85320.8-16.7142 812-29.0
Natural gas condensates371-14.1-22.73 697-26.7
Ships and oil platforms2900-71.7166.38 7318.7
Mainland exports33 1477.8-1.9354 565-4.1
Fish8 810-2.922.881 02024.8
 
Imports52 9230.4-2.6556 411-1.5
Ships and oil platforms2965-39.3-36.214 546-45.8
 
The trade balance15 10919.714.8116 770-42.9
The mainland trade balance-18 8107.61.2-187 301-11.4

Source: Statistics Norway

Exports of goods amounted to NOK 68.0 billion in November, an increase of 0.8 percent from November last year. In the same period mainland exports went back 1.9 percent ending at NOK 33.1 billion. 

Imports totalled NOK 52.9 billion and compared to November last year fell by 2.6 percent. A large decline was seen in imports of machinery and transport equipment.

Trade surplus ended at NOK 15.1 billion, an increase of 14.8 percent from November last year. So far this year trade surplus is 42.9 percent lower than the same period last year.

Larger export volumes of crude oil

Exports of crude oil amounted to NOK 17.8 billion and increased by 28.1 percent compared to November last year. This was mainly due to larger export volumes. A total of 47.1 million barrels was exported, and rose by 24.2 percent against November last year. In the same period oil prices went up by 3.1 percent to NOK 377 per barrel. 

Natural gas exports totalled NOK 15.9 billion - 16.7 per cent down from November last year. This was due to lower prices. Export volumes of natural gas in gaseous state was 10.2 billion standard cubic metres, and was at the same level as last year. 

Other significant twelve-month changes

• Due to lower export volumes, export value of refined pertroleum products more than halved from last year ending at NOK 1.4 billion. 

• Exports of industrial machineries amounted to NOK 3.1 billion and fell 26.6 percent from November last year. 

• Fish exports ended at NOK 8.8 billion in November, up 22.8 percent from the same month last year. A high salmon price is the main cause of the increase. 

• Imports of machinery and transport equipment totaled NOK 20.7 billion and fell by 10.1 percent against November last year.