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16150
Transport dominates trade in services
statistikk
2010-02-22T10:00:00.000Z
External economy
en
uhtjenester, External trade in services, import, export, non-financial enterprises, service types (for example sea transport, petroleum services, research and development), trade, industry groups (for example transport, business services, mining and quarrying)External trade , External economy
false

External trade in services, 2007

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From the first quarter of 2011, statistics on external trade in services is published quarterly.

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Transport dominates trade in services

Enterprises engaged in transport, storage and communication accounted for more than 50 per cent of exports and about 14 per cent of imports of services to Norway in 2007. Enterprises within business activities make up the largest sector with regard to imports of services. EU countries outside the Nordic countries are the most important partners for Norwegian external trade in services.

External trade in services for year 2007, by continent. Per cent

The statistics on external trade in services for non-financial enterprises are part of the statistical basis for Norway’s balance of payments. These statistics do not include trade in services for financial enterprises, households, non-profit organisations and public administration. The figures presented here are therefore not comparable with the figures presented in Balance of Payments - Current and Capital account (cf. About the statistics ).

These statistics were established in 2005 when Norges Bank discontinued their foreign payment statistics, which were an important basis for the balance of payments. This article presents the 2007 figures for external trade in services for main types of services for non-financial enterprises, including enterprises operating in ocean transport. Figures on external trade in services regarding geographical specification are also included.

The purpose of the statistics on external trade in services is to provide information about the service flows between Norway and other countries. Income and expenditure in connection with exports and imports of services to and from other countries are important economic indicators both in describing structural changes and in monitoring economic trends (cf. About the statistics on limitations and other conditions).

External trade in services, by service type. 2007. NOK million
Service type Export Import
NOK mill. Share NOK mill. Share
Total  168 563       100.0       144 380       100.0
Contract work and repairs 7 334 4.4 10 675 7.4
Services related to oil and gas exploration excluding surveying 14 075 8.3 22 980 15.9
Building and construction projects 1 648 1.0 3 598 2.5
Wholesale trade and intermediate trade 3 685 2.2 5 130 3.6
Transport by rail and other land transport 2 198 1.3 3 488 2.4
Sea and coastal water transport 87 942 52.2 19 941 13.8
Air transport 1 529 0.9 1 080 0.7
Supporting and auxiliary transport activities, travel agency activities 5 717 3.4 28 914 20.0
Post and telecommunication 4 107 2.4 5 450 3.8
Renting of transportation, machinery and equipment 4 574 2.7 2 105 1.5
IT services 4 704 2.8 4 840 3.4
Research and development (R & D) 2 189 1.3 1 611 1.1
Business services 25 691 15.2 27 620 19.1
Leisure activities, cultural services and sports  792 0.5 2 562 1.8
Other services 2 378 1.4 4 385 3.0
Source:  Statistics Norway.

Maritime transport services account for 50 per cent of the total export of services, business services for 15 per cent and petroleum services for 8 per cent. A total of 20 per cent of the import of services relates to supporting and auxiliary transport activities, including travel agency activities. Together with sea and coastal water transport, this item constitutes the total maritime transport, which makes up 34 per cent of the total import. Import of business services accounts for 19 per cent and 16 per cent for services related to oil and gas exploration.

The transport, storage and communications sectors account for about 63 per cent of all export, and about half of all imports of services. About 19 per cent of all imports of services from abroad are carried out by the mining and quarrying industries. Enterprises within business activities make up the third largest sector with regard to imports of services and the second largest sector with regard to exports of services.

EU countries outside the Nordic region are the most important partners for Norwegian external trade in services, with 41 per cent of exports and 46 per cent of imports. About 21 per cent of Norwegian imports and 16 per cent of exports are from Nordic countries. Asia is the destination for about 13 per cent of Norwegian exports of services, while 11 per cent goes to Central and North America.

External trade in services, by major industry activity. 2007. NOK million
Major industry activities Export Import
NOK million Share NOK million Share
$Total  168 563       100.0       144 380       100.0
Mining and quarrying 15 776 9.4 27 944 19.4
Manufacturing 12 902 7.7 13 683 9.5
Electricity, gas and water supply  913 0.5  688 0.5
Construction 1 014 0.6 1 106 0.8
Wholesale and retail trade 3 886 2.3 7 740 5.4
Transport, storage and communication  106 567 63.2 71 731 49.7
Business activities 26 044 15.5 19 052 13.2
Other industry activities 1 461 0.9 2 436 1.7
Source:  Statistics Norway.