156423
statistikk
2014-12-15T10:00:00.000Z
External economy
en
muh, External trade in goods, import, export, balance of trade (export minus import), mainland exports, imports excluding ships and oil platforms, trade ( between countries, continents and trade regions), international product groups (for example hs, sitc and bec), product groups (for example food, crude oil and metals)External trade , External economy
true

Statistics

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External trade in goodsNovember 2014, preliminary figures

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Falling oil and gas prices led to decline in exports

In November, exports of goods came to NOK 70.9 billion; a decline of 13.9 per cent compared to the same month a year earlier. This was due to falling oil and gas prices. Imports amounted to NOK 46.3 billion and were at the same level as November 2013.

External trade in goods1
NOK Million Change in per cent NOK Million - so far this year Change in per cent - so far this year
November 2014 October 2014 - November 2014 November 2013 - November 2014 November 2014 November 2013 - November 2014
1The figures are marked with the symbol *. This is Statistics Norways standard symbol for indicating preliminary figures.
2Due to the data collection method, the preliminary monthly figures published for ships and oil platforms are often incomplete. In retrospect, therefore, the trade in these goods could in some cases lead to major corrections in the figures. Please see tables 2-4 for the impact these figures have on the external trade.
Imports 46 267 -11.0 0.2 513 691 6.4
Ships and oil platforms2 41 -87.1 -96.5 10 141 15.5
 
Exports 70 906 -15.0 -13.9 817 847 -0.8
Crude oil 18 263 -21.5 -20.1 252 181 0.3
Natural gas 19 070 -13.3 -22.6 197 780 -11.4
Natural gas condensates 498 -56.0 -34.8 7 548 -2.0
Ships and oil platforms2 75 -40.9 -87.9 6 114 8.3
Mainland exports 32 999 -10.6 -1.6 354 224 5.3
 
The trade balance 24 640 -21.7 -32.0 304 156 -10.9
The mainland trade balance -13 227 10.3 -15.2 -149 325 -8.3
Figure 1 shows the development in the trade balance over the past five years -and so far in 2014, measured in NOK billion. It also shows the development  of total imports and exports
"Figure 2 shows the development in the mainland trade balance over the last five years -and so far in 2014, measured in NOK billion. In addition to the mainland trade balance, it also shows the development for imports excluding ships and oil platforms and mainland exports
Figure 3 shows the development in the total exports of crude oil, natural gas and natural gas condensates in the two preceding years -and so far in 2014, measured in NOK billion
Figure 4 shows the development in the mainland exports in the two preceding years -and so far in 2014, measured in NOK billion
"Figure 5 shows the development in oil exports for the past five years -  and so far in 2014.It shows the development both  measured in NOK by barrel - and the number of barrels exported
Figure 1 shows the development in the trade balance over the past five years -and so far in 2014, measured in NOK billion. It also shows the development  of total imports and exports"Figure 2 shows the development in the mainland trade balance over the last five years -and so far in 2014, measured in NOK billion. In addition to the mainland trade balance, it also shows the development for imports excluding ships and oil platforms and mainland exportsFigure 3 shows the development in the total exports of crude oil, natural gas and natural gas condensates in the two preceding years -and so far in 2014, measured in NOK billionFigure 4 shows the development in the mainland exports in the two preceding years -and so far in 2014, measured in NOK billion"Figure 5 shows the development in oil exports for the past five years -  and so far in 2014.It shows the development both  measured in NOK by barrel - and the number of barrels exported

Exports of crude oil and natural gas were NOK 37.3 billion, and accounted for 52.7 per cent of total merchandise exports. This is a decline of 21.4 per cent compared to November 2013. In the corresponding period, the trade surplus dropped 32.0 per cent and ended at NOK 24.6 billion.

Significant drop in oil and gas prices

The export value of crude oil totalled NOK 18.3 billion in November, down 20.1 per cent, or NOK 4.6 billion compared to oil exports in November 2013. The decrease was mainly due to a drop in oil prices, which have fallen sharply since June this year. The price per barrel was NOK 540 in November compared to NOK 666 in the corresponding period last year. A total of 33.8 million barrels were exported; 1.5 per cent down from November 2013.

Natural gas exports were also affected by lower prices. Exports declined by NOK 5.6 billion, or 22.6 per cent, from November last year and ended at NOK 19.1 billion. Natural gas prices were particularly high in the fourth quarter of 2013, and prices in November dropped more than 25 per cent compared to November 2013. The exported volume increased by 8.3 per cent in the same period, curbing the fall in export value. A total of 9.6 billion cubic metres of natural gas in a gaseous state were exported in November.

Small decline in mainland exports

Mainland exports reached NOK 33 billion and were 1.6 per cent lower than in November 2013. The largest decline was in the main commodity group machinery and transport equipment, which went down by NOK 1.2 billion compared to November last year, ending at NOK 6.8 billion. A large decline was also seen in exports of liquefied propane and butane, which totalled NOK 1.6 billion.

The rise in prices of aluminium and nickel contributed to an increase in exports of metals. The subgroup metals, except iron and steel, ended at NOK 3.3 billion, an increase of NOK 238 million. The main commodity group crude materials, inedible, except fuels went up NOK 234 million to NOK 1.4 billion in the same period. Moreover, exports of fish totalled NOK 6.4 billion, an increase of NOK 114 million.

Stable imports

Imports in November amounted to NOK 46.3 billion; an increase from November last year by 0.2 per cent. The largest increase was in the main commodity group miscellaneous manufactured articles, which went up by NOK 770 million compared to November last year, ending at NOK 7.5 billion. Imports of manufactured goods classified chiefly by material went up NOK 287 million, and totalled NOK 7 billion.

Imports of petroleum products dropped NOK 585 million and amounted to NOK 1.6 billion, while machinery and transport equipment totalled NOK 18 billion and declined NOK 496 million compared to November 2013.

Changes in the import figures for July 2014Open and readClose

Import of an oil platform at NOK 4.7 billion are registered in July 2014.