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Increased trade in services
statistikk
2013-09-23T10:00:00.000Z
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, Q2 2013

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Increased trade in services

Norway’s export and import of services increased from the 1st quarter to the 2nd quarter of 2013. Export of services ended at NOK 48 billion, while import of services reached NOK 46 billion.

External trade in services for non-financial enterprises. NOK millionPublished 23 September 2013
2nd quarter 2013Change in per cent
1st quarter 2013 - 2nd quarter 20132nd quarter 2012 - 2nd quarter 2013
Exports48 21910.60.6
Imports46 2128.61.5

Source: Statistics Norway

Figure 1. External trade in services, by continent

In the 2nd quarter of 2013, Norwegian non-financial enterprises, including the shipping industry, exported services for NOK 48 billion. From the 1st to the 2nd quarter, the export of services grew by 10.6 per cent. This increase amounted to NOK 4.6 billion. Compared with the same quarter in 2012, the export of services rose by nearly NOK 300 billion.

Import of services ended at NOK 46 billion in the 2nd quarter of 2013. Compared to the 1st quarter of 2013, this was an increase of NOK 3.6 billion, equivalent to 8.6 per cent.

Export of sea and coastal water transport services increased

Sea and coastal water transport services continues to be Norway’s largest export group of services. These services accounted for 37.8 per cent of the total service export in the 2nd quarter of 2013, and amounted to NOK 18.2 billion. Business services ended at NOK 9.7 billion, down 3.2 per cent from the 1st quarter, and accounted for one fifth of the service export.

Looking at Norway’s service import, oil and gas services dominate the import also in the 2nd quarter, with a share of 22 per cent. These services amounted to NOK 10 billion in the 2nd quarter, which was an increase of 16.7 per cent from the previous quarter. Services related to sea transport, on the other hand, had the largest percentage increase from the 1st quarter to 2nd quarter with 51 per cent. In terms of value, these services grew from NOK 2.8 billion to NOK 4.2 billion.

Transportation and storage industry largest export service

As in the 1st quarter of 2013, the transportation and storage industry dominates the export of services with a share of 47.3 per cent of the total service export. From the 1st quarter to the 2nd quarter this year, the export of services from this industry grew by NOK 3 billion. This increase corresponds to a percentage increase of 16.4 per cent from the previous quarter.

With regard to the import of services, there are two industries that are competing to be the largest sector, mainly non-financial businesses within the mining and quarrying sector and the transportation and storage sector. In the 1st quarter of the year, the latter sector was the largest, but in the 2nd quarter the mining and quarrying industry rose by 19.7 per cent and became the largest export industry in Norway.

Increased trade in services with EU countries

Norway’s external trade with EU countries other than the Nordic countries increased from the 1st quarter to the 2nd quarter this year. In total value, the export of services reached NOK 14,7 billion and the service import ended at NOK 19 billion in the 2nd quarter.

Figures from shipping industry have been re-introduced to quarterly publicationsOpen and readClose

While the statistics on external trade in services underwent a change in methodology and data sources, numbers for the shipping industry were withheld from the quarterly publications from 2011 to the 1st quarter of 2013.

As from the 2nd quarter of 2013, the shipping industry is once again included in the statistics. Articles from the 2nd quarter of 2013 cannot be compared with previously published articles due to this change in methodology and data source.

Tables including industry and service type numbers are now available in StatBank Norway, with updated figures including the shipping industry, from the 1st quarter of 2012 and onwards.

An article explaining the reasons for this change in methodology and data source will be published during the fourth quarter of 2013. This article will give an account of the relations and differences in definitions between numbers from the shipping industry in the statistics of external trade in services, in balance of payments and in the operating survey for vessels in water transport.