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38015
The trade surplus exceeded NOK 41 billion
statistikk
2008-09-15T10:00:00.000Z
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
false

External trade in goods, August 2008

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The trade surplus exceeded NOK 41 billion

Exports of goods reached NOK 77.6 billion in August, while imports came to NOK 36.5 billion. Thereby the trade surplus in goods ended at NOK 41.1 billion. High value on crude oil exports contributed to the trade surplus in August.

In August the total export value of crude oil, natural gas and condensates ended at NOK 48.7 billion. Exported value of crude oil and natural gas came to NOK 37.3 and 10.6 billion, respectively. The average crude oil price went up from NOK 427 per barrel in August last year, to NOK 619 per barrel August this year, an increase of 45 per cent. Compared with July figures, the average crude oil price declined 12.1 per cent. The export quantity of natural gas was low in August due to maintenance works.

External trade in goods, excl. ships and oil platforms. NOK million
  January-August     Change in
per cent 		August     Change in
per cent
  2007 2008 2007 2008
1 Imports      300 329      316 207 5.3      37 729      36 528 -3.2
2 Exports  504 620  619 237 22.7 63 023 77 618 23.2
Of which            
Crude oil  196 851  265 582 34.9 26 704 37 261 39.5
Natural gas 83 171  107 710 29.5 8 786 10 629 21.0
Condensates 4 681 7 460 59.4  715  774 8.3
3 Exports excl. crude oil, natural gas and condensates  219 916  238 484 8.4 26 818 28 953 8.0
4 Trade balance (2-1)  204 292  303 030 48.3 25 293 41 090 62.5
5 Trade balance excl. oil, natural gas and condensates (3-1)      -80 412 -77 722 . -10 911 -7 575 .

The export value of goods excluding ships, oil platforms, crude oil, condensates and natural gas in August reached NOK 29.0 billion, compared with NOK 26.8 billion in August last year, an increase of 8.0 per cent. The export values for products such as liquefied propane and butanes, electric current and some chemicals all increased from August 2007. Furthermore the export value of iron and steel rose by NOK 700 million, to NOK 1.7 billion. Non-ferrous metals however, showed a decline, to NOK 3.9 billion. The export value of these products was NOK 5.1 billion in August last year.

In August, imports of goods excluding ships and oil platforms came to NOK 36.5 billion, compared with NOK 37.7 billion in August 2007. This is a decline of 3.2 per cent. Several commodity groups showed decline in imports. Among these was metalliferous ores and metal scrap with an import value of NOK 1.9 billion, down one billion from August 2007. Other groups with reduced import values in August this year were road vehicles and other transport equipment.

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