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38071
Oil and gas secures trade surplus
statistikk
2006-05-15T10:00:00.000Z
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, April 2006

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Oil and gas secures trade surplus

Imports of goods this April came to NOK 27.8 billion, and exports to NOK 63.6 billion. The trade surplus came to 33.7 per cent in April compared to the same month last year. The main part of the surplus comes from the export of oil and gas.

Both values for imports and exports are lower in April than in March this year. The decline is mostly explained by the Easter holiday in April.

Increase in seasonally adjusted figures

Seasonally adjusted figures show a 4.2 per cent increase in exports of goods, excluding ships, oil platforms, crude oil, condensates and natural gas for the period February to April 2006 compared with the previous three months period. Corresponding figures for the last two months show an increase of 2.4 per cent from March to April this year.

Similar figures for imports excluding ships and oil platforms for the period February to April show a slight increase of 0.9 per cent. Corresponding figures for the last two months show a decrease of 1.7 per cent from March to April this year.

External trade in goods, excl. ships and oil platforms. NOK million
  January-April   Change in
per cent 		April   Change in
per cent
  2005 2006 2005 2006
1 Imports     108 428     122 870 13.3    29 615    27 818 -6.1
2 Exports  207 766  255 276 22.9 56 359 63 571 12.8
Of which            
Crude oil 86 645  109 099 25.9 23 817 26 524 11.4
Natural gas 34 574 45 309 31.1 8 282 12 973 56.6
Condensates 5 417 6 144 13.4 2 226 1 375 -38.2
3 Exports excl. crude oil, natural gas and condensates 81 131 94 724 16.8 22 034 22 699 3.0
4 Trade balance (2-1) 99 339  132 406 33.3 26 744 35 753 33.7
5 Trade balance excl. oil, natural gas and condensates (3-1) -27 297 -28 146 . -7 581 -5 119 .

More export of oil and fish

Total exports value of crude oil, natural gas and condensates came to NOK 40.9 billion in April. The export value of crude oil came to NOK 26.5 billion, an increase of 11.4 per cent. The number of produced barrels this April were 58 million, about 10 million barrels less than in March. Still, the crude oil price average increased NOK 44, from NOK 412 per barrel March this year to NOK 456 in April, making the export value higher.

The export value of goods excluding ships, oil platforms, crude oil, condensates and natural gas, from January to April this year, came to NOK 94.7 billion, an increase of 16.8 per cent compared with the corresponding period in 2005.

From January to April this year the exported value of fish reached NOK 10.2 billion. This is an increase of over NOK one billion, or 11.0 per cent.

The export value of refined mineral products came to NOK 12.3 billion. The export value of propane and butanes increased by NOK 2.5 billion, or an increase of 69.7 per cent compared with the same period last year.

Non-ferrous metals also showed in increase of 22.3 per cent or 2.8 billion in exported value from January to April this year.

Imports of goods the first four months, excluding ships and oil platforms, came to NOK 122.9 billion. This equals a rise of NOK 14.4 billion and 13.3 per cent from the same period of 2005.

The import value of manufactured goods increased by NOK 2.8 billion, or 14.4 per cent compared to the first four months of last year. This increase in import was mainly contributed by non-ferrous metals and metals in general.

Machinery and transport equipment came to an increase of NOK 6.4 billion from January to April 2006, or 15.8 per cent in the corresponding period last year. Equipment and machinery specialized for particular industries and general industrial machinery and were the main contributors to this rise, with respectively NOK 1.4 and NOK 1.7 billion.

Most trade with the EU

Our most important trade area is the European Union. Exported value to the EU amounted to a 71.7 per cent share of total in 2006. This is an increase of 16.1 per cent from last year. Within the EU our most important trade partners are Sweden, the United Kingdom and Germany with respectively 11.7, 10.7 and 9.5 per cent share of total exports value of goods excluding ships, oil platforms, crude oil, condensates and natural gas.

Import of goods from the EU excluding ships and oil platforms amounts to 69.2 per cent of our total. Sweden and Germany are our main trade partners with nearly half of all import value from the European Union. Our smallest trade partners within the EU are Greece with only a 0.1 per cent share of the import, followed by Latvia and Romania with 0.3 per cent each.

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