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38021
Record high trade surplus
statistikk
2008-06-16T10:00:00.000Z
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, May 2008

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Record high trade surplus

The trade balance in May reached NOK 39.7 billion. The trade surplus for external trade in goods this May is a result of exports and imports, which reached NOK 79.4 and NOK 39.7 billion respectively.

The trade surplus is the highest since January 2006. The value of both imports and exports in May was slightly lower than in April. However, the total resulted in a better trade balance.

In May the total export value of crude oil, natural gas and condensates came to NOK 49.4 billion. Export value of crude oil alone was NOK 35.1 billion, and the value of exports of natural gas came to NOK 12.9 billion. High crude oil prices push income from exports up. The average crude oil price in May increased from NOK 410 per barrel previous year, to NOK 636 May this year.

External trade in goods, excl. ships and oil platforms. NOK million
  January-May    Change in
per cent 		May    Change in
per cent
  2007 2008 2007 2008
1 Imports       188 313       198 044 5.2      39 505      39 726 0.6
2 Exports  319 893  385 997 20.7 62 856 79 381 26.3
Of which            
Crude oil  124 044  158 530 2.8 26 395 35 096 33.0
Natural gas 57 420 73 162 27.4 9 102 12 896 41.7
Condensates 2 356 5 218  121.5 0 1 402 0.0
3 Exports excl. crude oil, natural gas and condensates  136 073  149 087 9.6 27 359 29 987 9.6
4 Trade balance (2-1)  131 580  187 952 42.8 23 351 39 655 69.8
5 Trade balance excl. oil, natural gas and condensates (3-1)    -52 241 -48 957 . -12 146 -9 739 .

The export value of goods excluding ships, oil platforms, crude oil, condensates and natural gas came to NOK 30 billion in May. The value the same month in 2007 ended at NOK 27.4 billion. Machinery and transport equipment contributed to the growth in May and reached NOK 7 billion, up NOK 1.8 billion from May last year. Within this group, general industrial machinery climbed by NOK 1.4 billion ending at NOK 2.7 billion this May.

Imports of goods in May, excluding ships and oil platforms, came to NOK 39.7 billion. Corresponding figures for May last year ended at NOK 39.5 billion. The rise in imports this May was among others contributed by the commodity group machinery and transport equipment, which ended at NOK 15.2 billion. Contributing to the increase in this group we find general industrial machinery, with an increase of NOK 372 million or 16.8 per cent.

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