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38151
Lower trade surplus
statistikk
2003-01-15T10:00:00.000Z
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
false

External trade in goods, December 2002

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Lower trade surplus

The Norwegian surplus for merchandise came to NOK 204.6 billion in 2002, 27.9 billion less than the year before. The main reason for the decline was lower export value of crude oil. While the trade in traditional goods decreased, the trade with the EU applicant countries increased in the same period.

Norwegian exports of goods in 2002 came to NOK 473.5 billion and imports to 269.0 billion.

Exports of crude oil, natural gas and condensates came to NOK 275.0 billion, a decrease of 26.6 billion compared with figures from 2001. The price of crude oil averaged NOK 196 per barrel in 2002, compared with NOK 222 in 2001.

External Trade in Goods, excl. Ships and Oil Platforms. Million NOK
  January-December Change,
per cent 		December Change,
per cent
  2001           2002           2001           2002
Imports  285 265  268 954 -5.7 20 396 21 930 7.5
Exports  517 706  473 515 -8.5 41 447 40 623 -2.0
Of which            
Crude oil  234 698  200 835 -14.4 17 366 18 646 7.4
Natural gas 61 018 70 984 16.3 6 919 7 128 3.0
Condensates 5 897 3 222 -45.4  326 91 -72.2
Exports excl. crude oil, natural gas and condensates  216 094  198 473 -8.2 16 835 14 759 -12.3
Trade balance (2-1)  232 441  204 561 -12.0 21 051 18 694 -11.2
Trade balance excl. oil, natural gas and condensates (3-1) -69 171 -70 480 . -3 561 -7 171 .

Exports of traditional goods amounted to NOK 198.5 billion in 2002, and imports to 269.0 billion. Thereby the trade deficit for traditional goods was NOK 70.5 billion, on a level with the deficit of 69.2 billion in 2001. The decrease of NOK 17.6 billion for exports came mainly from decreases of 7.4, 6.5 and 3.4 billion for investment, intermediate and consumer goods respectively. Exports of electricity increased by NOK 1.1 billion.

Traditional goods by Broad Economic Category. Main categories. Change from 2001 to 2002. NOK billion

External trade excl. ships and oil platforms. 2000, 2001, 2002. NOK billion

Seasonally adjusted figures for the last part of 2002

Adjusted for seasonality the export value of crude petroleum increased by 7.9 per cent from November to December. This is the major cause of the increase in the seasonally adjusted export total of 4.6 per cent. Exports of traditional goods decreased by 2.5 per cent from November to December, although there was a decline of 5.4 per cent from the third to the fourth quarter. The reason for the higher figures for December is an increase in the seasonally adjusted figures for exports of metals, chemicals, fish and forestry products.

Increased trade with the EU applicant countries

Norwegian exports of traditional goods to the 13 EU applicant countries Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Slovenia, Malta, Cyprus and Turkey amounted to NOK 7.7 billion in 2002. This is an increase of 1.0 per cent from 2001, compared with a drop of 9.6 per cent in exports to the EU.

At the same time Norwegian imports of traditional goods from the applicant countries came to NOK 12.8 billion, an increase of 23.3 per cent, compared with a decrease of 4.4 in imports from the EU. The Norwegian imports from the applicant countries are now on a level with imports from the Netherlands.

Delineation

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.

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