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16232
Export prices and volumes down
statistikk
2003-01-15T10:00:00.000Z
External economy;External economy
en
uhvp, External trade in goods, indices of volume and price, import, export, price trends, volume development, product groups (for example food, raw materials, fuel), areas of application (for example energy goods, building materials, consumables)Balance of payments, External trade , External economy
false

External trade in goods, indices of volume and price, Q4 2002

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Export prices and volumes down

The export prices with the exclusion of ships and oil platforms showed a moderate increase of 0.4 per cent in the 4th quarter of 2002 compared with the 4th quarter of 2001. While crude oil prices drove the price level up, this was counteracted by falling prices on traditional goods. Export volumes decreased for the second quarter in a row, and import prices were falling as well.

The export volume with the exclusion of ships and platforms decreased by 2.6 per cent. The group miscellaneous products showed the strongest decrease - 5.8 per cent. For food products a seasonal increase of 6.4 per cent was observed. Seasonally adjusted figures show a negative trend in export volumes through the second half of last year. Following a moderate decrease in the 3rd quarter, the volume fell by 1.8 per cent from the 3rd quarter to the 4th quarter of 2002.

Import prices fell by 8.6 per cent from the 4th quarter of 2001 to the 4th quarter of 2002. A rather strong growth in the prices of crude oil and mineral fuels did not manage to compensate for a strong downwards trend in the other main groups. Import volume increased by 5.9 per cent. Seasonally adjusted figures indicate a growing trend in import volumes. From the 3rd quarter to the 4th quarter last year a growth of 2.8 per cent was observed following a similar growth in 3rd quarter.

Export of traditional goods went down

The prices of traditional goods fell by 5.9 per cent from the 4th quarter of 2001 to the 4th quarter last year. A 6 per cent growth for fuel oil products turned out to be the strongest, single price increase. On the other hand, the crude materials' prices fell by 1.4 per cent, while the prices of miscellaneous goods decreased by 7.1 per cent. The strongest decrease was however observed for food-products, which include the exports of fish and fish products.

Compared with the 4th quarter of 2001 the export volume fell by 5.1 per cent. Seasonally adjusted figures indicate that the 4th quarter development last year was especially weak, showing a decrease of 6.5 per cent. The figures for the last half year of 2002 indicate however only minor changes when compared with the first half of the year.

External trade in commodities excl. ships and oil platforms. Indices of price and volume. 4th quarter 2002
Commodity group1 Commodity SITC Volume Price
4th quarter 2002 4th quarter 2001 and 2002. Change in per cent 4th quarter 2002 4th quarter 2001 and 2002. Change in per cent
Imports          
Total 0-9 234.0 5.9 88.7 -8.9
Of which:          
Food, beverages and tobacco 0-1 186.4 -1.2 122.5 -0.6
Crude materials except fuels 2 259.2 8.7 70.3 -6.3
Fuels 3 102.5 -13.7 204.4 25.2
Manufactured goods except food, beverages and tobacco 5-9 244.7 7.2 85.2 -10.2
           
Exports          
Total 0-9 248.7 -2.5 138.8 0.4
Of which:          
Food, beverages and tobacco 0-1 336.2 6.4 90.1 -12.5
Crude materials except fuels 2 117.3 -5.6 106.0 -1.4
Fuels 3 287.3 -2.0 202.9 6.0
Manufactured goods except food, beverages and tobacco 5-9 214.2 -5.8 89.0 -7.2
Exports excl. crude oil and natural gas   216.4 -5.1 98.7 -5.9
1  Groups according to the Standard International Trade Classification (SITC-Rev. 3).