38143_not-searchable
/en/utenriksokonomi/statistikker/muh/arkiv
38143
Lower revenue from crude oil
statistikk
2003-05-15T10:00:00.000Z
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, April 2003

Variants of the statistics:

Content

Published:

This is an archived release.

Go to latest release

Lower revenue from crude oil

Norwegian exports of merchandise came to NOK 38.4 billion in April. NOK 21.5 billion came from crude oil and natural gas, 19.6 per cent less than last year. Imports amounted to NOK 22.5 billion this year, a decline of 7.1 per cent.

The Norwegian surplus for merchandise came to NOK 15.9 billion in April, down 21.6 per cent from last year. The major reason for the decrease was a drop in the contribution from crude oil exports from 19.9 billion in April 2002 to NOK 15.0 billion in April this year. This year less oil was exported and at a lower price: 83 million barrels at NOK 180, down from 90 million barrels at NOK 222 in April last year. The exchange rate of NOK/USD 7.22 in April compared with 8.61 last year, also contributed to the lower price.

Export of crude oil. 2003 and 2002. Barrels per day

External trade excl. ships and oil platforms. January 1998 - April 2003. Seasonally adjusted and trend series. NOK million Seasonally adjusted

Adjusted for seasonality the export value of crude petroleum crude oil, natural gas and condensates increased by 5.4 per cent in the period from February to April when compared with the value for the previous three months, in spite a decline of 8.7 per cent from March to April. Exports of traditional goods increased by 4.8 in value in the period from February to April compared with the period from November to January. Imports increased slightly by 0.9 per cent.

Trade influenced by Easter

Exports of traditional goods came to NOK 16.9 billion in April and imports to 22.5 billion. Compared with the results for April last year, this was a reduction of 4.8 per cent for exports and 7.1 per cent for imports, partly due to the traditionally long Norwegian Easter holiday falling in the middle of April this year.

Delineation

The figures are exclusive of ships and oil platforms, the same as for 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-April Change in
per cent 		April Change in
per cent
  2002 2003 2002 2003
Imports 90 233 89 994 -0.3      24 188      22 481 -7.1
Exports  160 677  161 715 0.6 44 478 38 384 -13.7
Of which            
Crude oil 64 865 68 403 5.5 19 931 15 014 -24.7
Natural gas 26 301 26 147 -0.6 6 494 5 932 -8.7
Condensates  989 2 056  107.8  308  537 74.5
Exports excl. crude oil, natural gas and condensates 68 521 65 110 -5.0 17 745 16 901 -4.8
Trade balance (2-1) 70 445 71 721 1.8 20 290 15 903 -21.6
Trade balance excl. oil, natural gas and condensates (3-1) -21 711 -24 885 . -6 443 -5 580 .

Tables: