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85129
Increased trade in services
statistikk
2012-06-28T10:00:00.000Z
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
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External trade in services, Q1 2012

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Increased trade in services

Both export and import of services increased from the 1st quarter of 2011 to the 1st quarter of 2012. Import of services ended at NOK 32 billion, while export of services amounted to NOK 28 billion.

Non-financial enterprises, excluding the shipping industry, exported services for NOK 28 billion in the 1st quarter of 2012. This was an increase of 9 per cent compared to the same period in 2011, but a decrease of 16 per cent compared to the 4th quarter of 2011.

The import of services amounted to NOK 32 billion and increased almost 17 per cent from the 1st quarter of 2011, which was an increase of NOK 4.6 billion.

Services related to the oil and gas industry were the largest group of imported services in the 1st quarter of 2012, and accounted for 29 per cent of the total. This was an increase in value of NOK 2.6 billion compared to the 1st quarter of 2011.Business services ended at NOK 6.6 billion, which corresponds to 20 per cent of the total imports of services so far in 2012.

Norwegian export of services was dominated by business services, which reached a value of NOK 8.5 billion, and was responsible for 30 per cent of service exports. Services related to oil and gas exploration accounted for 22 per cent of the total export value, and reached NOK 6.3 billion.

External trade in services for Q1 2012, by service type. NOK million
Service type 2011      Q1 2011      Q2 2011      Q3 2011      Q4 2011      Q1 2012
Balance (Export-Import) -24 242 -1 615 -5 166 -7 622 -9 839 -3 873
             
Export total  115 354 26 124 26 792 28 567 33 871 28 471
Contract work and repairs 14 184 3 022 3 446 3 412 4 304 3 629
Services related to oil and gas exploration excluding surveying 20 005 4 993 4 736 4 286 5 990 6 266
Building and construction projects 1 189  331  309  452 97  347
Wholesale trade and intermediate trade 3 575  792  838  933 1 012  622
Transport by rail and other land transport 3 588  864  739 1 167  818  861
Sea and coastal water transport 4 639 1 087 1 273 1 123 1 156  617
Air transport 2 675  705  322  899  749  631
Supporting and auxiliary transport activities, travel agency activities 6 403 1 620 1 285 2 245 1 253 1 047
Post and telecommunication 7 162 1 815 1 606 1 896 1 845 1 444
Renting of transportation, machinery and equipment 1 397  319  294  328  456  952
IT services 7 681 1 889 2 256 1 934 1 602 2 063
Research and development (R&D) 3 133  893  602  625 1 013  504
Business services 34 644 6 689 7 849 8 191 11 915 8 493
Leisure activities, cultural services and sports 1 112  217  214  237  444  214
Other services 3 967  888 1 023  839 1 217  781
             
Import, total  139 596 27 739 31 958 36 189 43 710 32 344
Contract work and repairs 9 928 1 689 1 899 3 090 3 250 2 292
Services related to oil and gas exploration excluding surveying 35 028 6 699 7 943 8 699 11 687 9 315
Building and construction projects 5 131  651 1 093 1 092 2 295 1 420
Wholesale trade and intermediate trade 3 605  767  691 1 242  905 1 022
Transport by rail and other land transport 6 714 1 287 1 842 1 642 1 943 1 389
Sea and coastal water transport 5 939 1 137 1 798 1 311 1 693  655
Air transport 2 250  484  514  604  648  587
Supporting and auxiliary transport activities, travel agency activities 12 584 2 377 2 931 4 097 3 179 2 179
Post and telecommunication 6 130 1 552 1 286 1 463 1 829 1 368
Renting of transportation, machinery and equipment 2 428  587  537  553  751  633
IT services 8 549 1 865 1 760 2 091 2 833 2 006
Research and development (R&D) 2 289  439  477  566  807  606
Business services 29 562 5 665 7 219 7 366 9 312 6 592
Leisure activities, cultural services and sports 2 881  707  799  703  672  681
Other services 6 578 1 833 1 169 1 670 1 906 1 599
Source:  Statistics Norway.

Mining and quarrying industry largest in import of services

The mining and quarrying industry dominated service imports in the first three months of 2012, with NOK 12 billion, which equalled a share of as much as 37 per cent of the import value. This was a clear increase in the industry’s share of total service imports; up 9 percentage points from the 1st quarter of 2011. This jump can be viewed in the light of the increasing investments in the industry.

Enterprises within the business service sector accounted for the largest industry with regard to service exports, with nearly a quarter of the export value. The manufacturing industry was also a large contributor with a share of nearly 21 per cent of the total service exports, which amounted to nearly NOK 6 billion.

External trade in services for Q1 2012, by major industry activity. NOK million
Major industry activities      2011      Q1 2011      Q2 2011      Q3 2011      Q4 2011      Q1 2012
Balance(Export-Import) -24 242 -1 615 -5 166 -7 622 -9 839 -3 873
             
$Export, total  115 354 26 124 26 792 28 567 33 871 28 471
Mining and quarrying 12 678 2 813 3 142 2 916 3 807 4 808
Manufacturing 27 381 5 741 6 949 6 012 8 679 6 021
Construction  415 94 93  106  122  102
Wholesale and retail trade 5 893 1 261 1 262 1 311 2 059 1 066
Transport and storage 12 208 3 291 2 304 3 936 2 677 2 647
Information and communication 18 053 4 320 4 636 4 089 5 008 4 202
Professional, scientific, technical activities 27 036 6 037 5 683 7 048 8 268 7 130
Administrative and support service activities 7 093 1 584 1 491 1 848 2 170 1 870
Other industry activities 4 597  983 1 232 1 301 1 081  625
             
Import, total  139 596 27 739 31 958 36 189 43 710 32 344
Mining and quarrying 42 501 7 726 10 083 10 865 13 827 11 992
Manufacturing 19 485 3 046 4 470 4 828 7 141 3 448
Construction 2 164  430  495  561  678  502
Wholesale and retail trade 11 999 2 457 2 037 4 106 3 399 2 524
Transport and storage 13 898 3 041 3 581 3 202 4 074 3 294
Information and communication 18 193 4 543 4 193 4 201 5 256 3 791
Professional, scientific, technical activities 16 406 3 406 3 587 4 546 4 867 3 762
Administrative and support service activities 10 681 2 218 2 335 2 959 3 169 2 449
Other industry activities 4 269  872 1 177  921 1 299  582
Source:  Statistics Norway.

Most service trade with Europe

Nearly 45 per cent of Norwegian imports in services came from EU countries, excluding Nordic countries, reaching a value of NOK 14.7 billion. Nordic countries accounted for 26 per cent of the service imports, equivalent to NOK 8.3 billion.

External trade in services, by continent. Per cent

Changes in table on external trade in services, by major industry activity

As from the 1st quarter 2012, three new group divisions were made in the table major industry activity, which are 1) Construction 2) Professional, scientific, technical activities and 3) Administrative and support service activities. This regrouping has made the table more detailed. This can cause some difficulties in comparing tables from this publication and future publications with earlier publications.

The statistics on external trade in services are undergoing a change in methodology. The figures for the shipping industry have for now been taken out of the quarterly publications.

About the statistics

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

This publication uses SIC2007 (Standard Industrial Classification) for grouping trade industries, while previously published articles used SIC2002. This can lead to some changes in the grouping of trade industries and difficulties may arise when comparing these two units.

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).

The statistics on external trade in services were established in 2005 when Norway’s central bank discontinued their foreign payment statistics, which were an important basis for the Balance of Payments. 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).