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38111
Increased imports and exports of traditional goods
statistikk
2004-09-15T10:00:00.000Z
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, August 2004

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Increased imports and exports of traditional goods

Imports of traditional goods came to NOK 25.7 billon in August, an increase of 24.7 per cent compared with August last year. The export value of traditional goods was NOK 18.1 billion, an increase of 24.3 per cent. The export value of crude oil, natural gas and condensates was NOK 23.7 billion. This resulted in a trade surplus of NOK 16.1 billion in August, approximately the same as in August last year.

The export value of crude oil came to NOK 19.0 billion. This is an increase of NOK 1.9 billion compared with August last year. The price per barrel of crude oil was NOK 304, against NOK 219 in August last year. The number of exported barrels was much lower, however, at 62.3 million compared with 77.9 million. The export value of natural gas came to NOK 3.8 billion, a decrease of NOK 360 million.

Seasonally adjusted figures: Both imports and exports up

Seasonally adjusted figures show an 8.2 per cent increase in imports of traditional goods from March to May compared with the period June to August. Similar figures for traditional exports for the last three months show a 7.8 per cent increase compared with the period March to May.

External Trade in Goods, excl. Ships and Oil Platforms. NOK million
  January-August Change, per cent August Change, per cent
  2003 2004 2003 2004
Imports  177 684       207 017 16.5       20 571       25 661 24.7
Exports  307 346  352 752 14.8 36 723 41 751 13.7
Of which            
Crude oil  132 351  157 903 19.3 17 075 18 963 11.1
Natural gas 39 631 44 526 12.4 4 149 3 791 -8.6
Condensates 6 849 6 597 -3.7  974  940 -3.5
Exports excl. crude oil, natural gas and condensates  128 515  143 726 11.8 14 524 18 058 24.3
Trade balance (2-1)  129 663  145 735 12.4 16 152 16 090 -0.4
Trade balance excl. oil, natural gas and condensates (3-1) -49 168 -63 291 . -6 046 -7 603 .

Exports - more metals and oil products

The export value of traditional goods was NOK 18.1 billion in August, an increase of NOK 3.5 billion from August last year. Non-ferrous metals were the main contributor to the rise, with an increase of NOK 640 million, followed by iron and steel, which increased by NOK 490 million.

The export value of oil products, butanes and propane also increased considerably compared with August last year. Both price and quantities increased for these products.

Increase in imports of iron and steel, cars and machinery

Imports of traditional goods came to NOK 25.7 billion in August, compared with NOK 20.6 billion in August last year, an increase of NOK 5.1 billion. A substantial part of the rise in import value can be attributed to a NOK 650 million increase for iron and steel and a NOK 250 million increase for metal goods.

In the group machinery, the import value of road vehicles increased by NOK 560 million. So far in 2004, 103 500 passenger cars have been imported to Norway, compared with 83 300 in the same period last year. The import value of machinery for special industries, office machines and telecommunication equipment all increased by slightly more than NOK 300 million.

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