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Import volume up
The import volume of traditional goods increased by 15.8 per cent in the third quarter of 2004 compared with the corresponding quarter of 2003. The import volume of fuels had the highest increase. As in the previous quarter export prices of goods excluding ships and oil platforms increased sharply - by 20.7 per cent.
The increase in imports is mainly due to higher imports of fuels, up 52.2 per cent, and manufactured goods, up 16.5 per cent. Higher imports of petroleum and petroleum products, electric current, as well as iron and steel compensated for the downward trend in crude materials. Imports of metalliferous ores and pulp and waste paper fell by 11 and 8 per cent respectively. Figures adjusted for seasonality showed a 4.4 per cent increase.
Export prices excluding ships and oil platforms have not been higher since the fourth quarter of 2000. The increase is mainly due to higher fuel prices.
Import prices up
From the third quarter of 2003 there has been an upward trend in import prices, although they are still low. Import prices of traditional goods increased by 2.8 per cent, whereas import prices of crude materials and fuels went up by 21.6 and 12.3 per cent respectively.
The import prices increased by 0.5 per cent compared with the second quarter of 2004. Except for the minor decrease by 0.6 per cent in the previous quarter, the figures show an increase since the first quarter of 2003. Prices are up for beverages and tobacco, petroleum and petroleum products, as well as clothing.
Export prices and volume up
Compared with the corresponding quarter of 2003, export prices of traditional goods increased by 10.3 per cent.
Prices are higher on fish and preparations thereof and metalliferous ores, up 12.1 and 14.1 per cent respectively.
From the second quarter of 2004 export prices excluding ships and oil platforms increased by 9.2 per cent. This is mainly due to higher prices of fish and preparations thereof as well as petroleum and petroleum products. Export prices of traditional goods, such as iron and steel as well as electrical machinery, increased by 3.4 per cent in the period. Seasonally adjusted figures show an increase of 4.3 per cent compared with the previous quarter. The export volume has not been higher since the second quarter of 2003.
External trade in commodities excl. ships and oil platforms. Indices of price and volume. 3rd quarter 2004 |
Commodity group1 | Commodity SITC | Volume | Price | ||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3rd quarter 2004 |
3rd quarter 2003
and 2004. Change in per cent |
3rd quarter 2004 |
3rd quarter 2003
and 2004. Change in per cent |
||||||||||||||||||||||||||||||||||||
Imports | |||||||||||||||||||||||||||||||||||||||
Total | 0-9 | 240.6 | 15.8 | 97.5 | 2.8 | ||||||||||||||||||||||||||||||||||
Of which | |||||||||||||||||||||||||||||||||||||||
Food, beverages and tobacco | 0-1 | 194.5 | 7.1 | 126.8 | 1.5 | ||||||||||||||||||||||||||||||||||
Crude materials except fuels | 2 | 227.5 | -3.1 | 90.6 | 21.6 | ||||||||||||||||||||||||||||||||||
Fuels | 3 | 153.4 | 52.2 | 215.7 | 12.3 | ||||||||||||||||||||||||||||||||||
Manufactured goods except food, beverages and tobacco | 5-9 | 249.7 | 16.5 | 92.8 | 0.9 | ||||||||||||||||||||||||||||||||||
Exports | |||||||||||||||||||||||||||||||||||||||
Total | 0-9 | 233.6 | 2.0 | 167.7 | 20.7 | ||||||||||||||||||||||||||||||||||
Of which | |||||||||||||||||||||||||||||||||||||||
Food, beverages and tobacco | 0-1 | 258.4 | 1.8 | 92.9 | 11.3 | ||||||||||||||||||||||||||||||||||
Crude materials except fuels | 2 | 114.4 | 0.2 | 115.5 | 4.2 | ||||||||||||||||||||||||||||||||||
Fuels | 3 | 262.5 | 1.0 | 260.5 | 28.6 | ||||||||||||||||||||||||||||||||||
Manufactured goods except food, beverages and tobacco | 5-9 | 223.2 | 4.3 | 97.5 | 7.3 | ||||||||||||||||||||||||||||||||||
Exports excl. crude oil and natural gas | 221.3 | 3.7 | 109.1 | 10.3 | |||||||||||||||||||||||||||||||||||
1 | Groups according to the Standard International Trade Classification (SITC-Rev. 3). |
Contact
-
Morten Madshus
E-mail: morten.madshus@ssb.no
tel.: (+47) 40 90 26 94
-
Mats Halvorsen
E-mail: mats.halvorsen@ssb.no
tel.: (+47) 40 90 24 33