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38163
Lower trade surplus
statistikk
2002-07-15T10:00:00.000Z
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, June 2002

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Lower trade surplus

During the first half of 2002 the Norwegian surplus for merchandise came to NOK 104.1 billion, 18.1 billion less than last year. The main reason for the decline was lower export value of crude oil. In the meantime, the Norwegian exports to China increased by 70 per cent.

Norwegian exports of goods in the first half of 2002 came to NOK 238.2 billion and imports to 134.1 billion.

Exports of crude petroleum-crude oil, natural gas and condensates-came to NOK 136.8 billion during the first half of 2002, a decrease of 18.3 billion compared with the first half of 2001. Exports of crude oil fell by NOK 24.5 billion, being partially offset by an increase of NOK 8.3 billion from gas exports. The average export price per barrel of crude oil from January to June was NOK 193, compared with NOK 240 for the first half of 2001. At the same time, the export volume of gas has increased by 40 per cent.

Exports of goods amounted to NOK 38.1 billion in June 2002 and 238.2 billion in the first half year, a decrease of 10.0 per cent compared with June 2001 and 11.0 per cent compared with the period from January to June last year.

Imports in June came to NOK 21.6 billion and totalled 34.1 billion in the first half of 2002. The decline from June last year is 10.2 per cent and 7.8 per cent compared with the first half last year.

External trade excl. ships and oil platforms. January-June 2001 and 2002. NOK billion

Traditional goods

Adjusted for seasonality, the value for traditional goods decreased by 0.8 per cent for exports and 7.8 per cent for imports from January to March compared with the previous three-month period.

China trade increased

Norwegian exports of traditional goods to China amounted to nearly NOK 1.7 billion in the period from January to June, a hefty increase of 70 per cent from the same period in 2001. At the same time imports of Chinese merchandise into Norway rose by 7.4 per cent and amounted to NOK 4.4 billion for the first six months this year.

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, natural gas and condensates.

External Trade in Goods, excl. Ships and Oil Platforms. Million NOK
  January-June Change, per cent June Change, per cent
  2001 2002 2001 2002
Imports  145 443  134 133 -7.8 23 990 21 553 -10.2
Exports  267 641  238 221 -11.0 42 310 38 093 -10.0
Of which            
Crude oil  122 070 97 565 -20.1 18 441 15 925 -13.6
Natural gas 29 167 37 476 28.5 4 263 5 103 19.7
Condensates 3 894 1 761 -54.8  544  403 -26.0
Exports excl. crude oil, natural gas and condensates  112 510  101 420 -9.9 19 063 16 662 -12.6
Trade balance (2-1)  122 198  104 088 -14.8 18 320 16 540 -9.7
Trade balance excl. oil, natural gas and condensates (3-1) -32 932 -32 713 . -4 928 -4 891 .

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