38067_not-searchable
/en/utenriksokonomi/statistikker/muh/arkiv
38067
NOK 33.4 billion surplus
statistikk
2006-07-17T10:00:00.000Z
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, June 2006

Variants of the statistics:

Content

Published:

This is an archived release.

Go to latest release

NOK 33.4 billion surplus

Norwegian imports came to NOK 33.3 billion in June, while exports came to NOK 66.7 billion. The trade surplus amounting to NOK 33.4 billion was significantly higher than in June last year.

The export value of crude oil came to NOK 28.2 billion in June. The average price per barrel was NOK 425. The number of barrels sold increased by 4.8 million while the average price increased by NOK 74. Exports of gas were NOK 10 billion, a considerable increase compared to NOK 6 billion in June 2005.

In the first six months of 2006, Norway's exports of oil were NOK 163.9 billion, 25 per cent higher than in the same period last year. Corresponding figures for exports of gas were NOK 77.6 billion 60 per cent higher.

External trade in goods, excl. ships and oil platforms. NOK million
  January-June Change in
per cent 		June Change in
per cent
  2005 2006 2005 2006
1 Imports  168 201     190 363 13.2    30 838    33 255 7.8
2 Exports  308 971  396 191 28.2 49 450 66 696 34.9
Of which            
Crude oil  131 664  163 859 24.5 21 716 28 297 30.3
Natural gas 48 557 77 642 59.9 5 967 10 026 68.0
Condensates 7 350 9 319 26.8 1 035 1 599 54.4
3 Exports excl. crude oil, natural gas and condensates  121 400  145 371 19.7 20 732 26 775 29.1
4 Trade balance (2-1)  140 770  205 827 46.2 18 612 33 441 79.7
5 Trade balance excl. oil, natural gas and condensates (3-1) -46 800 -44 993 . -10 106 -6 480 .

Increase in seasonally adjusted export

Seasonally adjusted figures for export goods excluding crude oil, natural gas, condensates, ships and oil platforms show an increase of 6.0 per cent from May to June. The cause of this is a jump in exports of fish. For the last three months the export is up by 5.3 per cent compared with the previous period. During this period there has been a growth in exports of fish and metals.

Corresponding figures for imports (all goods except from ships and oil platforms) for the last three months show a 4.2 per cent decline, compared with the January to March period. Though there is an increase of 3.0 per cent from May to June.

Increased imports, declining growth in the import of cars

The value of imports excluding ships and oil platforms rose by a more than NOK 2.4 billion compared with June 2005. Imports of the product group machinery and transport equipment rose by NOK 823 million (6.7 per cent), chemical products by NOK 413 million (13.1 per cent), miscellaneous manufactures articles by NOK 384 million (9.5 per cent). Imports of iron and steel experienced a fall of NOK 401 million (23.1 per cent) compared to last June.

Imports were almost NOK 22.2 billion, or 13.2 per cent, higher in the first six months than in 2005. Machinery and transport equipment had the highest increase by almost NOK 9.7 billion. General industrial and power generating machinery contributed to more than half the growth.

Car imports is still rising , though the growth measured in NOK reduced by 50 per cent compared to last year. Moreover manufactured goods makes for more than NOK 4 billion of the total increase.

The imports of miscellaneous manufactures articles jumped by almost NOK 3 billion, manufactures of metals by NOK 2.3 billion and iron and steel by NOK 1.3 billion.

Rise in exports of refined oil products

Exports excluding crude oil, natural gas, condensates, ships and oil platforms rose by more than NOK 6.0 billion in June compared with June last year. Exports of refined oil products was NOK 2.5 billion, almost 150 per cent as much as the same month last year. Furthermore exports of fish was NOK 883, 44 per cent higher than last year.

Norway's exports of goods increased by almost NOK 24 billion, or 19,7 per cent, compared with the first six months of 2005. As for the June figures the refined oil products have the biggest impact on the growth, with a rise of NOK 8.9 billion. Exports of other metals than iron and steel went up by more than NOK 5 billion, while iron and steel faced a drop of NOK 2.5 billion. The increase of fish exports came to almost NOK 2.5 billion.

Tables: