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38081
High exports of fish in 2005
statistikk
2005-12-15T10:00:00.000Z
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
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External trade in goods, November 2005

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High exports of fish in 2005

Norwegian imports came to NOK 32.1 billion in November, while exports came to NOK 55.5 billion. Exports of fish have already exceeded the level of 2004.

The export value of crude oil was NOK 22.7 billion in November. The crude oil price averaged NOK 374 per barrel. The number of barrels sold was down by 15.3 million while the average price was down by nearly NOK 13 compared with figures from October 2005.

External trade in goods, excl. ships and oil platforms. NOK million
  January-November Change in
     per cent 		November Change in
     per cent
  2004 2005 2004 2005
1 Imports  292 877       319 263 9.0       29 516       32 074 8.7
2 Exports  502 243  594 310 18.3 51 050 55 483 8.7
Of which            
Crude oil  220 336  268 793 22.0 20 796 22 738 9.3
Natural gas 66 397 84 326 27.0 7 317 9 515 30.1
Condensates 9 141 12 146 32.9 1 230 1 328 8.0
3 Exports excl. crude oil, natural gas and condensates  206 369  229 045 11.0 21 707 21 901 0.9
4 Trade balance (2-1)  209 366  275 047 31.4 21 534 23 409 8.7
5 Trade balance excl. oil, natural gas and condensates (3-1) -86 508 -90 218 . -7 809 -10 173 .

Seasonally adjusted figures, decrease in exports for November

Seasonally adjusted figures for export goods excluding ships, oil platforms, crude oil, condensates and natural gas show a decline of 11.8 per cent from October to November. The cause of this is a fall in exports of chemical products and metals. On the contrary, for the last three months the export is up by 1.6 per cent compared with the previous period.

Corresponding figures for imports (all goods except from ships and oil platforms) for the last three months show a 1.0 per cent decline, compared with the June to August period. There is also a decline of 3.0 per cent from October to November.

Increased imports, exports only slightly higher

The growth of total imports of goods excluding ships and oil platforms came to NOK 2.6 billion in November compared to last years figures.

The November exports excluding ships, oil platforms, crude oil, condensates and natural gas was only slightly higher than in November 2004.

Considering the whole period, from January to November, it is worth noticing that the value of exports of fish already has exceeded the total value of last year by about NOK 400 million. The reason for this is both a jump in quantity and price, mainly increased price of salmon.

Furthermore, exports of iron and steel are on a steady decline, hence the total export value will probably not exceed the 2004 level substantially. However, so far this year, the imports of commodities within this group have risen by almost 30 per cent.

Trade with China and Sweden

By November, the total value of import from China has already exceeded the level of 2004 with NOK 1.3 billion. This country is now the fourth most important trade partner for Norway, the figures are still somewhat lower than Denmark, though far lower than those for Germany and Sweden.

During the same period exports to Sweden has increased by almost NOK 3.5 billion, while imports remain almost the same, measured in value. Partly this is due to the fact that SEK has depreciated considerably against NOK throughout the year. Another reason for the climb in exports value is the refined mineral products. Both quantity and value have gone up. The value is up by more than NOK 1 billion or almost a 50 per cent increase.

See also :

External trade with commodities - 2004 ( http://www.ssb.no/english/subjects/09/05/uhaar_en/ )

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