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224 billion Surplus in 2000
statistikk
2001-01-15T10:00:00.000Z
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, December 2000

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224 billion Surplus in 2000

In the year 2000 the Norwegian exports of goods came to 504 billion kroner of which crude oil and natural gas was 292 billion. With imports of 280 billion, the trade surplus ended up being 224 billion kroner. In 1999 the surplus was 88 billion.

The main reason for last year's huge surplus was high oil prices. The export of crude oil was 260 billion kroner, up from 134 billion in 1999. Traditional goods brought in a further 212 billion, of which 23 billion came from refined oil products.

In December 2000 the average price per barrel in the export fell to 232 kroner, down 24 per cent from November. The export volume of crude oil in 2000 was 1 046 million barrels, compared with 961 million barrels in 1999.

External Trade in Goods, excl. Ships and Oil Platforms. Million Kroner
  January-December Change,
per cent 		December Change,
per cent
          1999         2000     1999     2000
1 Imports 255 308 280 034 9,7 24 860 22 847 -8,1
2 Exports 343 504 503 865 46,7 37 366 42 805 14,6
Whereof            
Crude oil 133 678 259 821 94,4 18 767 20 522 9,4
Natural gas 25 549 32 275 26,3 2 757 4 524 64,1
3 Exports excl. crude oil and natural gas 184 277 211 769 14,9 15 842 17 759 12,1
4 Trade balance (2-1) 88 195 223 831 153,8 12 506 19 959 59,6
5 Trade balance excl. crude oil and natural gas (3-1) -71 031 -68 265 . -9 018 -5 088 .

External trade in goods excluding ships and mobile oil platforms. 1999 og 2000. Billion kroner

Adjusted for seasonality, the value of external trade in goods shows an increase in exports of 2.3 per cent for the fourth quarter compared the third quarter. Traditional exports increased by 4.0 per cent. Imports rose by 0.9 per cent, whereas the exports of crude oil and natural gas levelled out with an increase of 0.3.

Increased trade with the US

Last year Norway exported traditional goods to the EU for 149 billion kroner or 70 per cent of the total of traditional exports. About half of the Norwegian exports to the EU is destined for Sweden, Germany and the UK, with increases from 1999 of 13.8, 14.5 and 8.3 per cent respectively. The exports of Norwegian traditional goods to the US increased by 19.2 per cent and to Canada by 30.4 per cent, whereas the exports to Japan show a modest increase of 2.3 per cent.

Exports of traditional goods. Selected trade areas. 1999 og 2000. Billion kroner

Imports of traditional goods. Selected trade areas. 1999 og 2000. Billion kroner

Norwegian imports of traditional goods show a wider geographical distribution than exports. The increase of imports was not only substantial from the US, but from Asia and Russia as well. Imports from China rose by 26.6 per cent and comprised a wide range of goods with clothing representing the largest value. During last year, we increased our imports from Russia by 34 per cent compared with 1999. The imports of fish came to 1.7 billion kroner in both years, while metals rose by as much as 60 per cent to 3.2 billion in 2000.

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.

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