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54719
Increased imports of services
statistikk
2011-12-16T10:00:00.000Z
External economy
en
uhtjenester, External trade in services, import, export, non-financial enterprises, service types (for example sea transport, petroleum services, research and development), trade, industry groups (for example transport, business services, mining and quarrying)External trade , External economy
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External trade in services, Q2 2011

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Increased imports of services

From the 1st to the 2nd quarter of 2011 the import of services grew by 14.1 per cent, while exports of services, excluding figures from enterprises operating in ocean transport, increased by 2.4 per cent.

For the first two quarters, import of services amounted to NOK 58.9 billion. In the 2nd quarter services related to oil and gas exploration accounted for almost one fourth of total imports and grew to NOK 8 billion from NOK 6.8 billion the previous quarter. Other services contributing to the growth in imports were rail and land transport services, and building and construction projects.

Uneven development in exports of services

So far this year, Norway’s exports of services amounted to NOK 53.5 billion. The development in exports of services from the 1st to the 2nd quarter has been uneven. There was a 10.3 per cent increase in export of business services from the previous quarter. At the same time, a number of services exported from Norway decreased. Among the services that contributed to the decline were air transport and rail and land transport. Although the above services only accounted for 6 per cent of total exports, the decrease was large.

External trade in services for Q2 2011, by service type, NOK million
Service types Hittil i år 1. kvartal 2011 2. kvartal 2011
Balance(Export-Import) -5 306 -1 034 -4 272
       
Export total 53 557 26 456 27 101
Contract work and repairs 6 673 3 148 3 525
Services related to oil and gas exploration excluding surveying 9 876 4 933 4 943
Building and construction projects  605  315  290
Wholesale trade and intermediate trade 1 593  764  829
Transport by rail and other land transport 1 730 1 008  722
Sea and coastal water transport 2 213 1 118 1 095
Air transport  933  574  359
Supporting and auxiliary transport activities, travel agency activities 2 994 1 441 1 553
Post and telecommunication 3 186 1 671 1 515
Renting of transportation, machinery and equipment  512  289  223
IT services 4 280 2 051 2 229
Research and development (R & D) 1 170  563  607
Business services 13 696 6 514 7 182
Leisure activities, cultural services and sports  671  348  323
Other services 3 425 1 719 1 706
       
Import total 58 863 27 490 31 373
Contract work and repairs 3 684 1 588 2 096
Services related to oil and gas exploration excluding surveying 14 826 6 802 8 024
Building and construction projects 1 545  643  902
Wholesale trade and intermediate trade 1 542  709  833
Transport by rail and other land transport 2 980 1 239 1 741
Sea and coastal water transport 2 770 1 076 1 694
Air transport  626  295  331
Supporting and auxiliary transport activities, travel agency activities 5 078 2 390 2 688
Post and telecommunication 3 003 1 627 1 376
Renting of transportation, machinery and equipment 1 054  542  512
IT services 3 868 1 984 1 884
Research and development (R & D) 1 079  536  543
Business services 10 410 4 710 5 700
Leisure activities, cultural services and sports 1 647  787  860
Other services 4 751 2 562 2 189
Source:  Statistics Norway.

Trade in services by industries

Professional, scientific and technical industry dominated Norway’s export of services in the 1st quarter with a share of nearly 30 per cent. This sector fell 4.5 per cent in the 2nd quarter. A decline was also observed in the transport and storage sector with a decrease of 30 per cent from the previous quarter.

With regard to imports of services from abroad, the mining and quarrying industry has been predominant over the past quarters. The import from this sector was up 32 per cent from the 1st quarter. Growth was considerable within the manufacturing sector and rose from NOK 3 billion to NOK 4.4 billion in the 2nd quarter.

External trade in services for Q2 2011, by major industry activity, NOK million
Major industry activities Hittil i år 1. kvartal 2011 2. kvartal 2011
$Balance(Export-Import) -5 306 -1 034 -4 272
       
Export total 53 557 26 456 27 101
Mining and quarrying 6 038 2 813 3 225
Manufacturing 13 401 6 178 7 223
Wholesale and retail trade 2 363 1 253 1 110
Transport and storage 5 610 3 272 2 338
Information and communication 8 861 4 268 4 593
Professional, scientific, technical and Administrative and support service activities 14 882 7 610 7 272
Other industry activities 2 402 1 062 1 340
       
Import total 58 863 27 490 31 373
Mining and quarrying 17 762 7 650 10 112
Manufacturing 7 498 3 066 4 432
Wholesale and retail trade 4 341 2 291 2 050
Transport and storage 6 589 3 035 3 554
Information and communication 8 928 4 724 4 204
Professional, scientific, technical and Administrative and support service activities 11 207 5 476 5 731
Other industry activities 2 538 1 248 1 290
Source:  Statistics Norway.

External trade in services, by continent. Per cent

EU countries excluding the North are the largest trading partners

For the first two quarters, EU countries outside the Nordic region have been Norway’s most important trade partners. So far this year, Norwegian non-financial enterprises exported services for NOK 17 billion to this region and imported services for around NOK 24 billion.

Export figures for the shipping industry are not included in this publication because the statistics on external trade in services are undergoing a change in methodology. The figures for the shipping industry will be included when the readjustments have been made.

About the statistics

From the 1st quarter of 2011 statistics on external trade in services will be published quarterly.

This publication uses SIC2007 (Standard Industrial Classification) for grouping trade industries, while previously published articles used SIC2002. This can lead to some changes in the grouping of trade industries and difficulties may arise when comparing these two units.

The statistics on external trade in services for non-financial enterprises are part of the statistical basis for Norway’s Balance of Payments. These statistics do not include trade in services for financial enterprises, households, non-profit organisations and public administration. The figures presented here are therefore not comparable with the figures presented in Balance of Payments - Current and Capital Account, cf. About the statistics .

The statistics on external trade in services were established in 2005 when Norway’s central bank discontinued their foreign payment statistics, which were an important basis for the Balance of Payments. Figures on external trade in services regarding geographical specification are also included.

The purpose of the statistics on external trade in services is to provide information about the service flows between Norway and other countries. Income and expenditure in connection with exports and imports of services to and from other countries are important economic indicators both in describing structural changes and in monitoring economic trends (cf. About the statistics on limitations and other conditions).