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Export prices and volumes down
statistikk
2009-05-15T10:00:00.000Z
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, Q1 2009

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Export prices and volumes down

Both prices and volumes of Norwegian exports fell from the fourth quarter of 2008 to the first quarter of 2009. Oil products and metals in particular contributed to the decline.

Ships and oil platforms are excluded in all figures for exports and imports of goods.

Prices of Norwegian export goods fell by 12.9 per cent from the fourth quarter of 2008 to the first quarter of 2009, while the volume of exports decreased by 3.5 per cent. Also compared with the first quarter of 2008, prices and volumes in Norwegian exports were lower. Prices were 12.3 per cent and the volume 4.2 per cent lower in the first quarter of 2009 than one year earlier. Oil and metal products were the most important contributors to the decline for both prices and volumes.

Fish and fish products were one of the few groups of goods where the situation is looking better. Both prices and volumes are down quarter on quarter, but compared with the first quarter of 2008 prices and volumes are 8.4 and 5.9 per cent higher respectively.

Price indices. 1st quarter 2006-1st quarter 2009. 2000=100

Volume indices adjusted for seasonality 1st quarter 2006-1st quarter 2009. 2000=100

Lower import volume

The volume of Norwegian merchandise imports fell by 12.1 per cent from the fourth quarter of 2008 to the first of 2009. Compared with the first quarter of 2008, the decline was 13.7 per cent. Imports of machinery and transport equipment fell by 19.7 per cent over the year, largely due to a massive decline in the imports of road vehicles.

Import prices

Prices of Norwegian imports were 2.5 per cent lower in the first quarter of 2009 than in the previous quarter. Prices of crude materials fell, while those of food and manufactured goods were largely unchanged. Compared with the first quarter of 2008, prices of food and manufactured goods were somewhat higher in 2009. Prices of crude materials fell during the same period, from a relatively high level in 2008.

External trade in commodities excl. ships and oil platforms. Indices of price and volume. 1st quarter 2009
Commodity group1 Commodity SITC Volume Price
1st quarter 2009 1st quarter 2008 and 2009. Change in per cent 1st quarter 2009 1st quarter 2008 and 2009. Change in per cent
Imports          
Total 0-9  134.4 -13.7  110.8 5.0
Of which          
Food, beverages and tobacco 0-1  133.7 0.7  129.1 10.2
Crude materials except fuels 2.40  107.3 -24.0  113.1 -13.3
Fuels 3  139.1 58.6  142.4 -25.7
Manufactured goods except food, beverages and tobacco 5-9  135.0 -17.4  109.0 9.4
           
Exports          
Total 0-9  106.2 -4.2  142.1 -12.3
Of which          
Food, beverages and tobacco 0-1  127.7 5.4  103.9 8.6
Crude materials except fuels 2.40 89.5 -25.1  113.1 1.5
Fuels 3 94.6 -3.5  165.6 -17.2
Manufactured goods except food, beverages and tobacco 5-9  132.9 -8.9  108.6 0.4
Exports excl. crude oil and natural gas    126.1 -9.1  110.7 -5.5
1  Groups according to the Standard International Trade Classification (SITC-Rev. 4).