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/en/utenriksokonomi/statistikker/muh/arkiv
38203
Record high surplus
statistikk
2000-12-15T10:00:00.000Z
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
false

External trade in goods, November 2000

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Record high surplus

Norwegian imports for November this year were NOK 25.4 billion, while exports including crude oil and natural gas came to 51.5 billion. For traditional exports, where crude oil and natural gas are excluded, the value was 20 billion. Trade in ships and oil platforms is not included in these preliminary figures.

The November trade surplus amounts to NOK 26.1 billion. For the period January to November the surplus totalled 203.6 billion, which is 130 billion more than in the same period last year.

Valuable oil

The November crude oil export value of NOK 27 billion is based on Brent Blend spot prices. This may double the value of Nowegian crude oil exports for the year 2000. Exports by barrels increased 10.3 per cent for the period January to November, while the increase of the value was 108.2 per cent, pointing to the remarkable increase in oil prices.

For the first time the exports of natural gas passed a monthly current value of NOK 4 billion. This month 5 276 million cubic metre passed the pipeline from the Continental Shelf, while the monthly average for the eleven last months was 3 953 million cubic metre.

Exports of crude oil and natural gas. 1998 2000. Billion NOK

Exports of traditional commodities and oil minaral products. 1998 2000. Billion NOK

Traditional exports up

The November exports from Mainland Norway (traditional commodities) passed NOK 20 billion, the biggest ever. This is a NOK 2.7 billion increase compared with November last year. The main reasons for this increase were transport equipment, oil products and fish with 2.2 billion. Fertilizers and paper/paperboard, however, declined by 285 million.

Exports of traditional commodities to many of the Eastern European countries show a significant increase for the eleven months this year. Exports to Canada increased by 32 per cent. However, for Australia and the Pacific exports decreased by about 20 per cent, when comparing these months for the last two years.

Modest increase of imports

The November imports this year increased by NOK 2.1 billion compared with November 1999.

External Trade in Goods, excluding Ships and Oil Platforms. Million NOK
  January-November Change,
per cent 		November Change,
per cent
  1999 2000 1999 2000
1 Imports 230 448 256 547 11.3     23 347     25 401 8.8
2 Exports 306 138 460 157 50.3 37 694 51 466 36.5
Whereof            
Crude oil 114 911 239 299 108.2 17 795 27 002 51.7
Natural gas 22 792 27 751 21.8 2 616 4 449 70.1
3 Exports excl. crude oil and natural gas 168 435 193 107 14.6 17 282 20 015 15.8
4 Trade balance (2-1) 75 689 203 609 169.0 14 347 26 065 81.7
5 Trade balance excl. crude oil and natural gas (3-1) -62 014 -63 440 . -6 065 -5 386 .