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16262
Import prices rise
statistikk
2011-01-17T10:00:00.000Z
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 2010

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Import prices rise

Following the decline from the second to the third quarter in 2010, import prices increased by 2.5 per cent from the third to the fourth quarter. Higher prices in crude materials and mineral fuels were important reasons for this increase.

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

Price indices. 4th quarter 2007-4th quarter 2010. 2000=100

Volume indices adjusted for seasonality 4th quarter 2007-4th quarter 2010. 2000=100

Norwegian import prices were higher in the fourth quarter 2010 compared to the previous quarter and the fourth quarter of 2009. With the exception of chemicals and related products, all main commodity groups show an increase from the third to the fourth quarter, but especially crude materials, mineral fuels together with machinery and transport equipment contributed to the overall price rise. The price growth for crude materials was mainly driven by increased prices in metalliferous ores and metal scrap.

The volume of imported goods normally increases from the third to the fourth quarter, and in 2010 the volume increased by 6.4 per cent in the third to the fourth quarter. Compared to the fourth quarter in 2009 the volume of imported goods increased by 4.7 per cent.

Higher export prices, lower volume

Export prices grew by approximately 13 per cent from the fourth quarter in 2009 to the fourth quarter in 2010. Higher prices of key export commodities like petroleum and petroleum products as well as natural and manufactured gas contributed to this increase. Another important reason was a marked increase in prices in iron and steel together with non-ferrous metals from the fourth quarter in 2009. In this period prices of exported fish and fish products increased by approximately 28 per cent, which has led to a sharp increase in the price index of food.

The volume of exported goods increased by 13.4 per cent from the third to the fourth quarter of 2010. This increase is largely due to mineral fuels, which show a volume increase of about 15 per cent, despite the lower quantity of petroleum and petroleum products. The increase in this commodity group was caused by a sharp rise in exports of natural and manufactured gas. Excluding oil and natural gas, the volume of exported goods grew by 3.2 per cent. Compared to the fourth quarter in 2009 the volume indices of exported goods show a decline. Less exports of petroleum and petroleum products are among the reasons behind the volume decline in this period.

External trade in goods, excl. ships and oil platforms. Indices of price and volume. 4th quarter 2010
 
Commodity group1 Commodity SITC Volume Price
4rd quarter 2010 4th quarter 2009-4th quarter 2010.
Change in per cent		 4th quarter 2010 4th quarter 2009-4th quarter 2010.
Change in per cent
 
Imports          
Total 0-9  156.9 4.7  109.2 3.1
Of which          
Food, beverages and tobacco 0-1  154.5 2.7  128.6 6.7
Crude materials except fuels 2, 4  128.3 7.8  123.0 18.5
Fuels 3  139.9 20.6  204.6 21.6
Manufactured goods except food, beverages and tobacco 5-9  159.6 3.2  103.2 0.6
           
Exports          
Total 0-9  105.0 -3.1  155.5 13.4
Of which          
Food, beverages and tobacco 0-1  168.7 -6.4  122.0 27.1
Crude materials except fuels 2, 4  120.1 11.1  127.3 24.9
Fuels 3 86.4 -7.3  187.3 16.3
Manufactured goods except food, beverages and tobacco 5-9  147.3 5.2  106.9 5.1
Exports excl. crude oil and natural gas    135.6 -2.9  119.6 10.5
 
1  Groups according to the Standard International Trade Classification (SITC-Rev. 4).
 

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