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38197
High exports cause high surplus
statistikk
2001-03-15T10:00:00.000Z
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, February 2001

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High exports cause high surplus

Norwegian exports of goods in February came to 41.6 billion kroner of which crude oil, natural gas and natural gas condensates amounted to 23.5 billion. With imports of 22.4 billion, the trade surplus was 19.2 billion kroner, whereas in February 2000 the surplus was 15.9 billion.

The increase in the surplus came mainly from the petroleum sector, but also from increased exports of metals, wood processing products, chemicals and fish.

Adjusted for seasonality, the value of external trade in goods shows an increase in the traditional export of 4.8 per cent for the three-month period from November to February compared with the previous three-month period. Import decreased by 1.5 per cent.

External Trade in Goods, excl. Ships and Oil Platforms
  January-February Change,
per cent 		February Change,
per cent
  2000 2001 2000 2001
Imports 40 902 44 864 9,7 21 531 22 392 4,0
Exports 75 107 89 140 18,7 37 409 41 590 11,2
Of which            
Crude oil 37 056 41 671 12,5 18 184 19 222 5,7
Natural gas 5 284 8 658 63,9 2 364 3 631 53,6
Condensates - 1 700 . - 638 .
Exports excl. crude oil, natural gas and condensates 32 767 37 112 13,3 16 861 18 099 7,3
Trade balance (2-1) 34 204 44 276 29,4 15 878 19 198 20,9
Trade balance excl. oil, natural gas and condensates (3-1) -8 135 -7 752 . -4 670 -4 292 .

Higher exports to Sweden, Germany and the UK

During January and February the increase in traditional exports amounted to 4.3 billion kroner or 13.3 per cent compared with the same two-month period last year. Exports to our three largest markets, Sweden, Germany and the UK, rose by 22, 16 and 14 per cent respectively, whereas exports to the US were 7 per cent lower. There were significant increases in exports to several countries in eastern Europe.

The figures are exclusive of ships and mobile oil platforms, the same as for traditional goods on the import side. For exports, traditional goods are also exclusive of crude oil and natural gas and as of January 2001 also exclusive of natural gas condensates.

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