Sharp drop in export from Norway

Export of goods from Norway amounted to NOK 71.6 billion in the first month of 2015. This is a decline of 20.9 per cent compared with the corresponding month last year.

 

Imports amounted to NOK 44.5 billion in January, up 4.6 per cent compared with the same month the previous year, Statistics Norway reports..

The trade surplus in January fell considerably, with a decrease of 43.5 per cent, and ended at NOK 27.1 billion. Decreases in natural gas and mainland exports also helped drive down profits.

Mainland exports amounted to NOK 33.2 billion in the first month of the year. This is a decrease of 2.2 per cent compared with January 2014.

Exports of machinery and transport equipment increased by over NOK 1.7 billion and amounted to NOK 10.1 billion in January. The subgroups other industrial machinery and electrical machinery rose the most, by 82 per cent and 127.1 per cent respectively, and totalled NOK 3.2 billion and NOK 2.3 billion. The increase can be attributed to the shipment of goods for several large projects in January. The subgroup other transport equipment declined the most from NOK 2.5 billion in 2014 to NOK 1.1 billion in January 2015.

Fish worth NOK 5.5 billion were exported in January. This is a decrease of 4.6 per cent compared with January 2014. Exports of fresh whole salmon decreased by nearly NOK 120 million, but also fewer exports of frozen cod and herring contributed to the decline in fish exports. Cod fishing is delayed this year and is reflected in the export figures.

Total imports in January totalled NOK 44.5 billion. This is an increase of NOK 1.9 billion or 4.6 per cent compared to January 2014.

(Press release)

 

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