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38105
Strong increase in external trade
statistikk
2004-12-15T10:00:00.000Z
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, November 2004

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Strong increase in external trade

Norwegian imports came to NOK 29.5 billion in November, an increase of 21.3 per cent from November 2003. Exports reached a peak of 51,4 billion, an increase of 25.0 per cent. Norway's imports of goods from China are 30 per cent higher than by November last year.

The import value in November at NOK 29.5 billion is the third highest value by month, next to imports last March and June. In the export total of NOK 51.4 billion - the highest ever except for November 2000 - 29.7 billion came from crude oil, natural gas and natural gas condensates. The export value of petroleum was 27.4 per cent higher and traditional goods 21.9 per cent higher than in November 2003.

External Trade in Goods, excl. Ships and Oil Platforms. NOK million
  January-November Change, per cent November Change, per cent
  2003 2004 2003 2004
Imports  253 612        293 038    15.5     24 335        29 514 21.3
Exports  429 291  503 378 17.3 41 148 51 427 25.0
Of which            
Crude oil  178 103  225 686 26.7 16 005 21 203 32.5
Natural gas 56 027 62 155 10.9 5 939 7 274 22.5
Condensates 9 822 9 221 -6.1 1 383 1 230 -11.0
Exports excl. crude oil, natural gas and condensates  185 339  206 315 11.3 17 821 21 720 21.9
Trade balance (2-1)  175 679  210 340 19.7 16 813 21 913 30.3
Trade balance excl. oil, natural gas and condensates (3-1) -68 273 -86 723 . -6 514 -7 794 .

Trade increase from October to November

Adjusted for seasonality, the value of imports of traditional goods increased by 2.6 per cent from October to November, but was 2.7 per cent lower during the last three months compared with the previous three-month period. The value of traditional exports increased by 4.2 per cent from October. The export of metals rose by 5.6 per cent, whereas the export of fish declined by 7.5 per cent. During the last three-month period the adjusted export of traditional goods was 2.3 per cent higher than in the summer period from June to September.

Goods from China

By November, Norway has imported traditional goods from China in the amount of NOK 14.8 billion, an increase of 30.1 per cent compared with the same period last year. China is now Norway's fifth largest supplier of goods, only surpassed by Sweden, Germany, Denmark and the United Kingdom.

Imports from China by commodity sector. January-November 2002-2004. Change from previous year. Per cent

Imports from China by commodity sector. January-November 2001-2004.
NOK million
  2001 2002 2003 2004
Miscellaneous manufactured articles       5 299.3       5 382.7       6 062.5       6 876.0
Machinery and transport equipment 1 623.3 2 088.1 3 426.0 5 421.1
Manufactured goods classified chiefly by material  993.6 1 125.0 1 389.0 1 852.0

Delineations

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 natural gas condensates.

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