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38083
Record high trade surplus
statistikk
2005-11-15T10:00:00.000Z
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, October 2005

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Record high trade surplus

Exports of goods came to NOK 63.1 billion in October 2005, and imports to NOK 31.3 billion. The Norwegian trade surplus was NOK 31.8 billion, an increase of 37.6 per cent compared to October last year.

In October, the total export value of crude oil, natural gas and condensates came to NOK 38.8 billion, an increase of NOK 7.6 billion compared with October last year. The export value of crude oil came to NOK 29.5 billion, an increase of 26.8 per cent. The crude oil price averaged NOK 387 per barrel, compared with NOK 327 per barrel in October last year.

External trade in goods, excl. ships and oil platforms. NOK million
  January-October      Change in
per cent 		October      Change in
per cent
       2004     2005      2004      2005
1 Imports       263 362       286 707 8.9      28 294      31 314 10.7
2 Exports  451 193  540 206 19.7 51 431 63 144 22.8
Of which            
Crude oil  199 541  244 431 22.5 23 246 29 466 26.8
Natural gas 59 080 77 879 31.8 7 485 8 350 11.6
Condensates 7 911 10 713 35.4  426  988  131.9
3 Exports excl. crude oil, natural gas and condensates  184 662  207 183 12.2 20 275 24 340 20.0
4 Trade balance (2-1)  187 832  253 499 35.0 23 137 31 830 37.6
5 Trade balance excl. oil, natural gas and condensates (3-1) -78 699 -79 524   -8 019 -6 974  

Seasonally adjusted figures: Increase in exports and decrease in imports

Adjusted for seasonality, the export value of crude oil, natural gas and condensates, for the period August to October, increased by 9.4 per cent compared with the May to July period. Similar figures for traditional exports show an increase of 5.1 per cent, while imports experienced a decrease of 0.7 per cent.

Increase in exports of refined mineral products and propane

The export value of traditional goods was NOK 24.3 billion in October, compared with NOK 20.3 billion in October last year, an increase of 20 per cent.

The export value of refined mineral products increased by NOK 2.2 billion, or 155 per cent, due to an increase in quantity and value. The export value of liquefied propane and butanes increased by NOK 767 million, or 212 per cent, while iron and steel decreased by NOK 366 million, or 34 per cent. The export value of fish increased by NOK 479 million, or 14.4 per cent.

Increase in imports of machinery, iron and steel

In October, imports of traditional goods amounted to NOK 31.3 billion, compared with NOK 28.3 billion in October 2004, an increase of 10.7 per cent.

This development was mainly due to an increase in the import value of the commodity groups 'iron and steel' and 'metalliferous ores and metal scrap' with a value of NOK 312 million of NOK 485 and 312 million respectively.

The commodity groups general industrial machinery and equipment, machinery specialized for particular industries, and electrical machinery, apparatus and appliances increased by 38 per cent, 31 per cent and 14 per cent respectively.

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