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37962
Climbing fish exports
statistikk
2010-11-15T10:00:00.000Z
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, October 2010

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Climbing fish exports

In October, exports came to NOK 64.5 billion, while imports reached NOK 41.1 billion. This gave a trade surplus of NOK 23.4 billion, which is lower than both the previous month and October 2009.

The 11.5 per cent decline in the trade surplus compared with October last year is explained by higher imports together with reduced exports of crude oil.

Falling crude oil exports

The export value of crude oil in October came to NOK 22.5 billion, which is a fall of 5.4 per cent compared with October last year. Maintenance work is still affecting the volume exported.

While the number of exported barrels in October 2009 reached 58.0 million, the corresponding number this October was 45.9 million barrels. The price per barrel was, on the other hand, much higher in October this year, NOK 489, compared with NOK 409 a year earlier.

Higher exports of natural gas

The exported value of natural gas in October came to NOK 13.7 billion, which was 10 per cent higher than in October last year. The increase is mainly explained by a higher exported volume.

External trade in goods, excl. ships and oil platforms. NOK million
  January-October Change in
per cent 		October Change in
per cent
  2009 2010 2009 2010
1 Imports  351 056       369 594      5.3      38 510      41 078      6.7
2 Exports  617 633  636 399 3.0 64 945 64 480 -0.7
Of which            
Crude oil  197 118  230 591 17.0 23 727 22 452 -5.4
Natural gas  162 552  126 795 -22.0 12 422 13 681 10.1
Condensates 5 799 5 484 -5.4  277  427 54.2
3 Exports excl. crude oil, natural gas and condensates  252 163  273 529 8.5 28 518 27 920 -2.1
4 Trade balance (2-1)  266 577  266 805 0.1 26 435 23 401 -11.5
5 Trade balance excl. oil, natural gas and condensates (3-1) -98 892 -96 065 . -9 991 -13 158 .

Increased exports of fish but less exports of machinery

The export value in October excluding ships, oil platforms, crude oil, condensates and natural gas, ended at NOK 27.9 billion. This was a fall of 2.1 per cent from October last year.

The exports of fish surpassed the September record of NOK 5.6 billion and amounted to NOK 5.8 billion in October. This is an increase of 21 per cent compared with October 2009. The exports of fresh salmon accounted for NOK 2.2 billion of the total fish export.

Machinery and transport equipment had an export value of NOK 5.7 billion, representing a 17 per cent fall compared with October last year. Several commodity groups accounted for the fall. General industrial machinery fell by 31 per cent, ending at NOK 1.3 billion, while machinery specialised for particular industries fell by 35 per cent to NOK 974 million.

Different kinds of metals rose compared with October last year. In comparison, refined mineral products fell dramatically in the same period. The fall from NOK 2.5 billion to NOK 949 million represents a drop of 62 per cent for the latter commodity group.

Increased imports of metalliferous ores and chemicals

The import value of goods excluding ships and oil platforms amounted to NOK 41.1 billion in October. This is an increase of 6.7 per cent compared with October last year.

The commodity group including machinery and transport equipment, which are our main import articles, showed a decrease of 7 per cent in total. The imports of telecommunications apparatus and equipment rose by 13 per cent, amounting to NOK 1.7 billion, while the imports of vehicles grew by 17 per cent, ending at NOK 4.1 billion. The imports of other transport equipment fell by 63 per cent, ending at NOK 971 million. Power generating machinery and general industrial machinery were also among the commodities which dropped compared with October 2009.

Chemicals and related products reached NOK 4.4 billion; an increase of 14 per cent, while the imports of iron and steal rose by 13 per cent, amounting to NOK 1.0 billion in October. At the same time, metalliferous ores and metal scrap jumped by 88 per cent, reaching NOK 2.6 billion.

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