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38005
Gas exports reach record level
statistikk
2009-02-16T10:00:00.000Z
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, January 2009

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Gas exports reach record level

The trade surplus was NOK 29.4 billion in January 2009, which is a fall of NOK 7.8 billion compared to January 2008. The export value for natural gas reached NOK 21.2 billion, which is the highest ever recorded.

The value of natural gas increased by 26.9 per cent compared to January 2008. This is caused by a rise in the volume of gas in gaseous state, which peaked at 9.8 billion cubic metres in January 2009. It is the highest volume ever recorded and an increase of 4.8 per cent from last month and 9 per cent compared to January 2008.

The value of crude oil amounted to NOK 18 billion in January 2009. This is a fall of 36.8 per cent from last January, but a marginal increase of 0.5 per cent from December. The average price of a barrel of oil was NOK 318, which is an increase from the average of NOK 291 in December. From January last year, however, the decrease was substantial; from NOK 508, while the total number of barrels only changed from 56 to 56.5 million.

External trade in goods, excl. ships and oil platforms. NOK million
  January Change in per cent
  2008 2009
1 Imports           39 078           34 650 -11,3
2 Exports 76 267 64 053 -16.0
Of which      
Crude oil 28 497 17 984 -36.8
Natural gas 16 719 21 218 26.9
Condensates 1 026  136 -86.7
3 Exports excl. crude oil, natural gas and condensates 30 025 24 715 -17.6
4 Trade balance (2-1) 37 189 29 402 -20.9
5 Trade balance excl. oil, natural gas and condensates (3-1) -9 053 -9 936 .

Decline in export of metals

The export value of goods excluding ships, oil platforms, crude oil, condensates and natural gas reached NOK 24.7 billion, which is the lowest level recorded since July 2006. Compared to January 2008, this is a decrease of NOK 5.3 billion. The most significant changes are declines in refined mineral products of NOK 1.7 billion, liquefied propane and butanes of NOK 1.3 billion and non-ferrous metals of NOK 1.7 billion. From the group Machinery and transport equipment, the value of Power generating machinery and equipment increased by NOK 475 million, Electrical machinery increased by NOK 287 million, while transport equipment fell by NOK 127 million. The value of fish exports increased by NOK 380 million.

Fall in imports

The value of imports continues the downward trend from September 2008. In January, the import value of goods excluding ships and oil platforms accumulated to NOK 34.7 billion. This is a fall of 11.3 per cent compared to the same period last year and the lowest since the trough in February 2007. One significant factor causing this decline was the reduction in the import of road vehicles by NOK 1.9 billion relative to last January. In addition, the import of metalliferous ores and metal scrap went down by 45.7 per cent to NOK 1.5 billion, while manufactured goods decreased by NOK 1.1 billion.

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