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54721
Export prices keep rising
statistikk
2011-05-16T10:00:00.000Z
External economy;External economy
en
uhvp, External trade in goods, indices of volume and price, import, export, price trends, volume development, product groups (for example food, raw materials, fuel), areas of application (for example energy goods, building materials, consumables)Balance of payments, External trade , External economy
false

External trade in goods, indices of volume and price, Q1 2011

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Export prices keep rising

Prices of Norwegian exports of goods increased by 4.9 per cent from the fourth quarter of 2010 to the first quarter of 2011. Important export goods such as crude oil and fish played a large role in the overall price rise.

Ships and oil platforms are excluded in all figures for exports and imports of goods.

Volume indices adjusted for seasonality 1st quarter 2008-1st quarter 2011. 2000=100

With an increase of 4.9 per cent from the fourth quarter of 2010 to the first quarter of 2011, Norwegian export prices have increased for five consecutive quarters. The oil price has been important for the price recovery since the financial crisis, but the price index excluding crude oil and natural gas also shows an increase. From the last quarter of 2010 to the first of 2011 this index rose by 5.6 per cent. Compared with the first quarter of 2010, overall export prices were 17.8 per cent higher in the first quarter of 2011.

Lower export volume

The volume of exports shipped from Norway fell by 2.5 per cent from the fourth quarter of last year to the first quarter of 2011. Exports of goods such as fish, metals and machinery decreased. The over all export volume was 5.3 per cent lower in the first quarter of 2011 than in the first quarter of the previous year.

Price indices. 1st quarter 2008-1st quarter 2011. 2000=100

Higher import prices

The price index of external merchandise trade shows that the prices of Norwegian imports increased by 2.2 per cent from the fourth quarter of 2010 to the first quarter of 2010. Some of the major price rises were for petroleum products and inedible crude materials. Compared with the same quarter of 2010, import prices were 6.8 per cent higher in the first quarter of 2011.

Merchandise imports increased slightly

The volume of merchandise imports grew by 0.3 per cent from the fourth quarter of 2010 to the first quarter of 2011. Norway imported more petroleum products, inedible crude materials and electric current than in the quarter before. For more information on the imports of electricity, see the electricity statistics . Although there were some groups of goods which saw imports fall from the fourth quarter of 2010 to the first quarter of 2011, the imports of all main groups were higher in the first quarter this year when compared with the same quarter of 2010.

External trade in goods, excl. ships and oil platforms. Indices of price and volume. 2nd quarter 2010
Commodity group1 Commodity SITC Volume Price
1st quarter 2011 1st quarter 2010-1st quarter 2011.
Change in per cent 		1st quarter 2011 1st quarter 2010-1st quarter 2011.
Change in per cent
Imports          
Total 0-9  157.8 12.6 111.7 6.8
Of which          
Food, beverages and tobacco 0-1  147.5 7.0  130.7 6.3
Crude materials except fuels 2, 4  167.1 26.1  139.2 30.1
Fuels 3  164.6 52.8  228.1 23.5
Manufactured goods except food, beverages and tobacco 5-9  155.2 9.2  102.7 2.3
           
Exports          
Total 0-9  101.2 -5.3  167.7 17.8
Of which          
Food, beverages and tobacco 0-1  136.3 -7.0  126.7 20.7
Crude materials except fuels 2, 4  128.5 11.0  123.2 18.6
Fuels 3 85.8 -7.7  207.7 22.8
Manufactured goods except food, beverages and tobacco 5-9  136.2 -1.2  109.8 6.8
Exports excl. crude oil and natural gas    130.1 -3.3  126.1 11.7
1  Groups according to the Standard International Trade Classification (SITC-Rev. 4).