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90633
Imports still increasing
statistikk
2012-12-12T10:00:00.000Z
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, Q3 2012

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Imports still increasing

Non-financial enterprises imported services for NOK 42 billion in the 3rd quarter of 2012. This is a NOK 5.5 billion increase, or 15 per cent, from the previous quarter.

External trade in services, by continent. Per cent

Norway’s import of services for the first three quarters came to NOK 111 billion.

Exports came to NOK 29 billion in the 3rd quarter, and grew by 3 per cent compared to the same quarter the year before. During the three first quarters of 2012, Norway’s exports amounted to NOK 87 billion. The trade deficit in the non-financial sector was NOK 12.3 billion. The figures presented in this article only relate to non-financial enterprises and exclude the shipping industry.

Large increase in import of transport and travel services

Supporting and auxiliary transport activities, including travel agency activities, amounted to NOK 2.2 billion in the 2nd quarter, ending at NOK 4.2 billion in the 3rd quarter. As in the two previous quarters, oil and gas-related services and business services dominated imports in the 3rd quarter, with NOK 9.8 billion and NOK 8.2 billion respectively. These services accounted for 43.5 per cent of total imports in the 3rd quarter.

Norwegian exports of services are still dominated by business services, which in the 3rd quarter accounted for more than 30 per cent of total exports. These services came to NOK 9.1 billion in the 3rd quarter. Services related to oil and gas, which is Norway’s second largest export group, showed a 2 per cent decrease in the same period.

External trade in services for Q3 2012, by service type. NOK million
Service types 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012
Balance (Export-Import) -24 271 -7 622 -9 868 -4 820 -7 075 -12 306
             
Export total  115 328 28 568 33 846 28 688 29 105 29 404
Contract work and repairs 15 201 4 218 4 515 3 242 3 784 3 228
Services related to oil and gas exploration excluding surveying 18 987 3 480 5 778 6 281 5 135 5 042
Building and construction projects 1 189  452 97  365  356  384
Wholesale trade and intermediate trade 3 575  933 1 012  624  535  795
Transport by rail and other land transport 3 588 1 167  818  853 1 091 1 089
Sea and coastal water transport 4 639 1 123 1 156 1 235 1 262 1 399
Air transport 2 675  899  749  736  565  966
Supporting and auxiliary transport activities, travel agency activities 6 403 2 245 1 253 1 141 1 382 1 758
Post and telecommunication 7 162 1 896 1 845 1 423 1 152 1 469
Renting of transportation, machinery and equipment 1 397  328  456 1 051  872  664
IT services 7 681 1 934 1 602 2 081 2 060 2 007
Research and development (R & D) 3 132  625 1 013  497  595  544
Business services 34 620 8 132 11 892 8 275 9 199 9 114
Leisure activities, cultural services and sports 1 086  237  418  205  211  248
Other services 3 993  899 1 242  679  906  697
             
Import total  139 599 36 190 43 714 33 508 36 180 41 710
Contract work and repairs 9 927 3 090 3 249 2 318 2 976 2 814
Services related to oil and gas exploration excluding surveying 35 028 8 699 11 687 9 395 10 009 9 875
Building and construction projects 5 131 1 092 2 295 1 391 1 458 2 430
Wholesale trade and intermediate trade 3 605 1 242  905  971  630 2 167
Transport by rail and other land transport 6 743 1 642 1 972 1 334 1 426 1 573
Sea and coastal water transport 5 939 1 311 1 693 1 342 2 061 1 592
Air transport 2 250  604  648  593  582 1 082
Supporting and auxiliary transport activities, travel agency activities 12 584 4 097 3 179 2 218 2 193 4 232
Post and telecommunication 6 129 1 463 1 828 1 367 1 623 1 509
Renting of transportation, machinery and equipment 2 428  553  751  835  630  939
IT services 8 545 2 091 2 829 2 160 2 076 2 461
Research and development (R & D) 2 288  566  807  583  610  665
Business services 29 661 7 369 9 410 6 766 7 579 8 259
Leisure activities, cultural services and sports 2 881  703  672  715  682  750
Other services 6 459 1 668 1 789 1 520 1 645 1 362
Source:  Statistics Norway.

Increased imports from wholesale and retail trade

With regard to the major industry activities, the wholesale and retail trade industry imported for NOK 2.3 billion in the 2nd quarter, ending at NOK 4.9 billion in the 3rd quarter. Imports of enterprises within transport and storage also increased in the same period, by 48 per cent. Despite growth in the aforementioned industries, the mining and quarrying industry continues to be the dominating sector, with a share of nearly 33.9 per cent of total imports.

The highest level of activity in the Norwegian export industry continued to be in enterprises within professional, scientific and technical activities. This sector accounted for 27 per cent of total service exports, which corresponded to NOK 8 billion.

External trade in services for Q3 2012, by major industry activity. NOK million
Major industry activities 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012
Balance (Export-Import) -24 271 -7 623 -9 867 -4 820 -7 073 -12 308
             
Export total  115 328 28 567 33 846 28 688 29 106 29 403
Mining and quarrying 12 678 2 916 3 807 5 601 4 995 4 770
Manufacturing 27 381 6 012 8 679 5 503 5 008 5 377
Construction  415  106  122  100  185  227
Wholesale and retail trade 5 893 1 311 2 059 1 071 1 098 1 226
Transport and storage 12 208 3 936 2 677 2 645 3 118 2 971
Information and communication 18 027 4 089 4 982 4 214 4 090 4 438
Professional, scientific, technical activities 27 038 7 048 8 269 7 051 7 829 7 929
Administrative and support service activities 7 093 1 848 2 170 2 083 2 177 2 241
Other industry activities 4 597 1 301 1 081  420  606  224
             
Import total  139 599 36 190 43 713 33 508 36 179 41 711
Mining and quarrying 42 501 10 865 13 827 12 862 13 215 14 126
Manufacturing 19 478 4 828 7 134 3 417 4 579 4 588
Construction 2 164  561  678  544  541  722
Wholesale and retail trade 11 999 4 106 3 399 2 461 2 253 4 870
Transport and storage 13 927 3 202 4 103 3 226 2 751 4 069
Information and communication 18 177 4 202 5 239 4 011 4 383 4 150
Professional, scientific, technical activities 16 406 4 546 4 866 3 827 4 691 4 246
Administrative and support service activities 10 680 2 959 3 168 2 575 3 084 3 844
Other industry activities 4 269  921 1 299  585  682 1 096
Source:  Statistics Norway.

Most trade with EU countries

As regards Norway’s most important trade partners, EU countries outside the Nordic region continue to hold a leading position. Countries from this area bought 35 per cent of Norway’s total export, which corresponded to NOK 10.3 billion. The import of services from this region accounted for 48.6 per cent or NOK 20.3 billion.

Changes in the table on external trade in services, by major industry activity

As from the 1st quarter 2012, three new group divisions were added to the table showing major industry activity: 1) Construction 2) Professional, scientific, technical activities and 3) Administrative and support service activities. This regrouping has made the table more detailed. Tables published as from the 1st quarter of 2012 are not, therefore, directly comparable with earlier publications.

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).