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38127
Trade surplus remained high in 2003
statistikk
2004-01-15T10:00:00.000Z
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
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External trade in goods, December 2003

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Trade surplus remained high in 2003

The trade surplus for 2003 was NOK 198.3, 2.8 billion more than in 2002. Imports for December 2003 came to NOK 23.6 billion and exports 40.9 billion, resulting in a surplus of NOK 17.3 for this month. Compared with figures from December 2002, the surplus was down NOK 2.0 billion less.

Trade balance (exports-imports), crude oil and export of natural gas, and traditional goods (Norwegian mainland). Billion NOK. 1992-2003

High December imports

The value of the December 2003 imports was 6.9 per cent or NOK 23.6 billon more than in December 2002, while exports decreased slightly. Imports of cars increased by 16.3 per cent, telecommunication equipment by 27.6 per cent and electric machines/apparatus by 18.1 per cent.. On the other hand, imports of mineral oil and products decreased by NOK 244 million, -32.3 per cent. Imports of electric current decreased as well, by NOK 236 million, -41.5 per cent.

2003 annual exports

Exports of natural gas from the Continental Shelf increased compared with figures for 2002 and came to NOK 68.1 billion, 14.7 per cent. The gas export value now counts for one third of the export value of crude oil.

Exports of traditional goods for 2003 (goods from the Norwegian mainland) reached same value as for the year 2002. However, among the commodity groups the variation is significant. The value of refined mineral products increased by NOK 3.7 billion, 28.9 per cent. For metals without iron and steel the increase was NOK 3.2 billion or 12.1 per cent, and for liquefied propane and butane NOK 1.6 billion or 25.8 per cent.

Traditional exports for other commodity groups decreased as well. The greatest decline was registered for other transport equipment, NOK 5.0 billion or 60.4 per cent. NOK 4.0 billion of this decline is because 22 aircraft (more than 15 tonnes) were exported in 2002, but only five in 2003. The next largest group was fish and fish products with a decline in value of 8.0 per cent or NOK 2.2 billion. The total quantity, however, remained about the same, but the NOK value declined because of losses due to the currency rates. Lastly, exports of electric current decreased by 38.6 per cent in 2003 compared with figures from 2002.

Seasonally adjusted figures show an increase

Seasonally adjusted figures for the 3-month period October-December for exports of traditional goods show an increase of 1.1 per cent compared with the previous three months. Traditional imports increased by 1.1 per cent for the corresponding periods.

External Trade in Goods, excl. Ships and Oil Platforms. NOK Million
  January-December Change in
per cent 		December Change in
per cent
  2002 2003 2002 2003
1 Imports  269 095      277 237 3.0     22 100     23 620 6.9
2 Exports  464 650  475 581 2.4 41 345 40 892 -1.1
Of which            
Crude oil  197 921  196 657 -0.6 18 124 17 646 -2.6
Natural gas 59 409 68 146 14.7 6 605 6 383 -3.4
Condensates 7 051 10 580 50.1  780  758 -2.8
3 Exports excl. crude oil, natural gas and condensates  200 269  200 197 0.0 15 836 16 104 1.7
4 Trade balance (2-1)  195 556  198 344 1.4 19 245 17 272 -10.3
5 Trade balance excl. oil, natural gas and condensates (3-1) -68 825 -77 040 . -6 264 -7 515 .

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