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85133
Large increase in exports
statistikk
2012-04-17T10:00:00.000Z
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, Q4 2011

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Large increase in exports

The export of services increased by 23 per cent from the 3rd quarter to the 4th quarter of 2011, and went up from NOK 28.6 billion to NOK 35 billion.

For the year 2011, Norway’s export of services amounted to NOK 117 billion, which was an increase of 3.4 per cent from the previous year. The import of services, on the other hand, came to NOK 139 billion; an increase of 6.7 per cent. The figures presented in this article only relate to non-financial enterprises and exclude the shipping industry.

Business services continued to dominate exports in 4th quarter

In 2011, Norway’s exports continued to be dominated by business services, which accounted for more than one third of the total. These services amounted to NOK 34.7 billion in 2011; a 10 per cent rise compared to 2010. Services related to oil and gas exploration (excluding surveying), accounted for the second largest proportion of Norwegian exports and amounted to NOK 20 billion in 2011, down 13 per cent from 2010. Enterprises within contract work and repairs showed an increase in the export of services of nearly 55 per cent, up from NOK 9.5 billion in 2010 to NOK 14.7 billion in 2011.

Services related to oil and gas (excluding surveying) accounted for the largest proportion of Norwegian imports in 2011, with a share of 27 per cent. Compared with 2010, the import of these services decreased by 10 per cent in 2011. Business services, on the other hand, rose by 30 per cent, from NOK 22.6 billion in 2010 to NOK 29.3 billion in 2011.

External trade in services for Q4 2011, by service type, NOK million
  2011 1. kvartal 2011 2. kvartal 2011 3. kvartal 2011 4. kvartal 2011
Service types          
Balance(Export-Import) -22 247 -1 590 -5 167 -7 619 -7 871
           
Export total  116 638 26 058 26 805 28 609 35 166
Contract work and repairs 14 668 3 021 3 439 3 413 4 795
Services related to oil and gas exploration excluding surveying 19 974 4 991 4 734 4 262 5 987
Building and construction projects 1 465  331  309  452  373
Wholesale trade and intermediate trade 3 634  792  828  909 1 105
Transport by rail and other land transport 3 631  864  737  976 1 054
Sea and coastal water transport 4 660 1 086 1 269 1 093 1 212
Air transport 2 734  702  323 1 263  446
Supporting and auxiliary transport activities, travel agency activities 6 429 1 618 1 275 2 197 1 339
Post and telecommunication 7 225 1 815 1 599 1 900 1 911
Renting of transportation, machinery and equipment 1 403  319  291  330  463
IT services 7 743 1 903 2 215 1 953 1 672
Research and development (R & D) 3 152  877  593  645 1 037
Business services 34 707 6 601 7 935 8 120 12 051
Leisure activities, cultural services and sports 1 122  217  208  242  455
Other services 4 088  921 1 050  852 1 265
           
Import total  138 885 27 648 31 972 36 228 43 037
Contract work and repairs 9 950 1 689 1 893 3 086 3 282
Services related to oil and gas exploration excluding surveying 35 018 6 695 7 946 8 982 11 395
Building and construction projects 5 145  651 1 093 1 090 2 311
Wholesale trade and intermediate trade 3 572  766  686 1 244  876
Transport by rail and other land transport 6 598 1 287 1 831 1 580 1 900
Sea and coastal water transport 5 945 1 062 1 874 1 313 1 696
Air transport 2 252  480  515  608  649
Supporting and auxiliary transport activities, travel agency activities 12 426 2 316 2 968 4 090 3 052
Post and telecommunication 6 187 1 717 1 175 1 411 1 884
Renting of transportation, machinery and equipment 2 433  542  580  553  758
IT services 8 499 1 858 1 754 2 076 2 811
Research and development (R & D) 2 273  427  483  570  793
Business services 29 320 5 621 7 191 7 253 9 255
Leisure activities, cultural services and sports 2 887  706  800  702  679
Other services 6 384 1 832 1 184 1 672 1 696
Source:  Statistics Norway.

Large increase in manufacturing industry

Looking at the Norwegian trade in export of services by industry, the manufacturing industry showed a large increase in 2011. This sector went up from NOK 20 billion in 2010 to NOK 28 billion in 2011. Enterprises within professional, scientific, technical and administrative support services exported services for NOK 34.5 billion in 2011 and remained the largest exporting industry.

With regard to imports, the major industry activity continued to be the mining and quarrying sector, which accounted for 31 per cent of total imports in 2011. Imports for these industries decreased by 2.6 per cent compared to 2010. The manufacturing industry increased its imports by 50 per cent from the 3rd to 4th quarter in 2011 and came to NOK 19.3 billion in 2011, up 17.5 per cent from the previous year.

External trade in services for Q4 2011, by major industry activity, NOK million
  2011 1. kvartal 2011 2. kvartal 2011 3. kvartal 2011 4. kvartal 2011
Major industry activities          
Balance (Export-Import) -22 247 -1 590 -5 167 -7 619 -7 871
           
Export total  116 638 26 058 26 805 28 609 35 166
Mining and quarrying 12 864 2 813 3 142 2 911 3 998
Manufacturing 27 784 5 755 6 952 5 983 9 094
Wholesale and retail trade 5 935 1 260 1 241 1 330 2 104
Transport and storage 12 302 3 292 2 295 3 928 2 787
Information and communication 18 196 4 244 4 644 4 140 5 168
Professional, scientific, technical and Administrative and support service activities 34 445 7 617 7 220 8 894 10 714
Other industry activities 5 110 1 077 1 310 1 422 1 301
         
Import total  138 885 27 648 31 972 36 228 43 037
Mining and quarrying 42 526 7 650 10 163 11 085 13 628
Manufacturing 19 312 3 046 4 463 4 722 7 081
Wholesale and retail trade 11 853 2 454 2 013 4 124 3 262
Transport and storage 13 713 3 041 3 561 3 133 3 978
Information and communication 18 070 4 708 4 079 4 140 5 143
Professional, scientific, technical and Administrative and support service activities 26 961 5 447 6 021 7 564 7 929
Other industry activities 6 449 1 302 1 672 1 459 2 016
Source:  Statistics Norway.

Increased trade with Asia

The Asian market saw an increase in Norwegian exports of services, from 12.3 per cent in the 3rd quarter to 16.6 per cent in the 4th quarter. The imports from Asia increased marginally by 0.9 per cent in the same period. EU countries, excluding the Nordic countries, have continued to be the dominant customer for Norwegian export of services throughout 2011. In the 4th quarter, the export of services to EU countries accounted for 38 per cent of the total, while imports accounted for 45.5 per cent.

External trade in services, by continent. Per cent

The statistics on external trade in services are undergoing a change in methodology. The figures for the shipping industry have for now been taken out of the quarterly publications.

About the statistics

From the first 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).