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38209
Exports of Crude Oil give Record Surplus
statistikk
2000-09-15T10:00:00.000Z
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
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External trade in goods, August 2000

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Exports of Crude Oil give Record Surplus

The Norwegian trade surplus in goods reached a new record high of 20.4 billion kroner in August. The exports of crude oil and natural gas amounted to 27.0 billion kroner and traditional goods to 17.3 billion in August. Imports came to 23.9 billion.

The accumulated trade surplus for January through August was 138 billion kroner, compared with 40 billion during the same period last year. The most important reason for the high figures is high oil prices.

External Trade in Goods excl. Ships and Oil Platforms. Billion kroner

Crude oil in the amount of 25 billion

The export value of crude oil came to 25.1 billion kroner, the highest amount ever for any month. The estimated, average export price for August 2000 was 260 kroner, compared with 158 kroner in August 1999. The daily export volume last month was 3,1 million barrels, up from 2,4 million barrels in August last year.

Traditional goods, seasonally adjusted

Adjusted for seasonality, the value of external trade in traditional goods showed an increase of 3.6 per cent for the three-month period from June to August compared with the period from March to April. Imports increased by 4.5 per cent.

Exports of Traditional Goods. Selected countries. January - August 1999 and 2000. Million kroner

High exports to Europe and North-America

The total exports of traditional goods for the period from January through August show an increase of 16.1 per cent. The Norwegian exports to the EU increased by 17.0 per cent and to all of Europe by 17.6. The exports to the Netherlands and France have increased by 33 and 30 per cent, respectively, whereas the increase to the UK stands at only 7.5 per cent. The overseas exports increased by nearly 18 per cent to the USA and 28 per cent to Canada and by a more modest 5.3 per cent to Japan.

The figures are exclusive of ships and mobile oil platforms, the same as traditional goods on the import side. For exports, traditional goods are also exclusive of crude oil and natural gas.

External Trade in Goods, excl. Ships and Oil Platforms. Million kroner
  January-August Change,
per cent 		August Change,
per cent
        1999       2000       1999       2000
1 Imports 163 038 177 172 8,7 19 615 23 940 22,1
2 Exports 202 924 314 817 55,1 27 774 44 336 59,6
Whereof            
Crude oil 70 853 161 962 128,6 11 726 25 111 114,1
Natural gas 16 022 18 079 12,8 1 938 1 901 -1,9
3 Exports excl. crude oil and natural gas 116 048 134 776 16,1 14 110 17 324 22,8
4 Trade balance (2-1) 39 886 137 645 245,1 8 159 20 396 150,0
5 Trade balance excl. crude oil and natural gas (3-1) -46 990 -42 396 . -5 505 -6 617 .