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38155
Export value continues to decline
statistikk
2002-11-15T10:00:00.000Z
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, October 2002

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Export value continues to decline

Norway exported goods for NOK 40.0 billion in October, a decrease of 10.3 per cent compared with October last year. The import value this month was 24.9 billion. This brings the trade surplus for October to NOK 15.1 billion.

An explanation for the decrease is the total export value of crude oil, NOK 16.4 billion in October this year, a decrease of 3.3 billion from October 2001. Exported barrels of crude oil were considerably down, 100 million barrels in October last year compared with 78 million in October this year. The average price per barrel was up, NOK 211 per barrel in October this year opposed to NOK 194 last year. The export value of natural gas increased to NOK 6.1 billion in October 2002.

In the first ten months Norway has exported goods for NOK 392 billion and imported for 223 billion. Both the export and import value are down compared with January - October last year, 10.6 and 6.5 per cent respectively.

External Trade in Goods, excl. Ships and Oil Platforms. Million NOK
  January-October Change in per cent October Change in per cent
  2001       2002       2001       2002
1 Imports  238 434  223 015 -6.5 26 428 24 932 -5.7
2 Exports  438 545  392 138 -10.6 44 624 40 030 -10.3
Of which            
Crude oil  204 206  165 195 -19.1 19 712 16 405 -16.8
Natural gas 48 225 57 577 19.4 4 820 6 068 25.9
Condensates 5 270 2 801 -46.9  407  170 -58.2
3 Exports excl. crude oil, natural gas and condensates  180 844  166 565 -7.9 19 685 17 386 -11.7
4 Trade balance (2-1)  200 111  169 124 -15.5 18 196 15 097 -17.0
5 Trade balance excl. oil, natural gas and condensates (3-1) -57 590 -56 449 . -6 743 -7 546 .

Decrease of export of oil products and telecommunication apparatus

The export value of traditional goods amounted to NOK 16.4 billion, 2,3 billion down from October 2001. Many commodity groups shoved a decline in export value. Oil products, which are included in traditional goods, were down by 40 per cent, and ended up at NOK 700 million in October 2002. Among the commodity groups for machinery, telecommunication apparatus was down about 10 per cent.

Less imports of machinery and fish

Norway imported traditional goods for NOK 24.9 billion in October, a decline of 1.5 billion compared with October last year. Among the main group machinery, we imported less of machinery for special industries and office machines and data processing equipment.

Imports of fish came to 320 billion compared with 595 billion in October last year.

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