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201432
Higher surplus in trade in services
statistikk
2015-03-19T10:00:00.000Z
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
false
Statistics for Norwegian trade in services with the Nordic countries, EU and other regions. The statistics give information about imports and exports of services by major industry group and type of services.

External trade in services, Q4 2014

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Higher surplus in trade in services

In 2014, trade in services continued its upward trend. Exports rose 12 per cent from 2013. Imports increased by 8 per cent. As a result, the trade balance in services improved.

External trade in services for non-financial enterprises. NOK millionPublished 19 March 2015
4th quarter 2014Change in per cent
3rd quarter 2014 - 4th quarter 20144th quarter 2013 - 4th quarter 2014
Exports63 49013.416.2
Imports59 4618.06.9

Source: Statistics Norway

In 2014, total service exports amounted to NOK 220.5 billion. Total service imports were worth NOK 211.7 billion. The surplus in trade in services increased to NOK 8.8 billion.

From the third quarter to the fourth quarter of 2014, service imports rose 8 per cent to NOK 59.5 billion. Service exports increased by NOK 7.5 billion from NOK 56 billion in the third quarter of 2014 to NOK 63.5 billion in the fourth quarter of 2014.

Growth in computer services imports

The largest segment in service imports in 2014 was services related to oil and gas exploration, excluding surveying, with an import value of NOK 47.5 billion. From the third quarter to the fourth quarter of 2014, imports of these services rose 13 per cent to NOK 13.9 billion. The highest increase in imports between 2013 and 2014 was posted for computer services. In 2014, Norwegian imports of these services rose to NOK 14.6 billion, from NOK 10.6 billion in 2013.

Services related to sea and coastal water transport at NOK 82.6 billion remained the largest export category in 2014. It was followed by exports of services related to business services amounting to NOK 42.9 billion. In the fourth quarter of 2014, exports of these services reached NOK 13.6 billion, up NOK 3.6 billion from the third quarter of 2014.

Largest exports from transportation and storage sector

The transportation and storage industry continued to account for the largest part of Norwegian service exports. In the fourth quarter of 2014, this industry exported a total of NOK 28.8 billion worth of services and made up 45 per cent of total exports. Professional, scientific and technical activities had the biggest increase from the third quarter to the fourth quarter of 2014, from NOK 7.5 billion to NOK 10.7 billion.

The largest importing sector was mining and quarrying. Its imports were worth NOK 16.4 billion. The second largest importer was transportation and storage, with an import value of NOK 15.6 billion. When combined, these two sectors accounted for 54 per cent of total service imports in the fourth quarter of 2014.

EU countries other than the Nordic countries important trade partner

In 2014, service exports to EU countries other than the Nordic countries made up 32 per cent of total exports. The share of these countries in total imports was 45 per cent. The highest increase in exports between the third quarter and the fourth quarter of 2014 was registered with Central and North America, from NOK 8.1 billion to NOK 12.2 billion.