Trade surplus increased 25 per cent first half-year

The trade surplus for the first six months of 2012 amounted to NOK 242.5 billion. This was an increase of almost 25 per cent compared to the first half of 2011.

The trade balance for June went up by 15.1 per cent to NOK 29.5 billion.

Goods at a value of NOK 72.2 billion were exported in June 2012, while imports amounted to NOK 42.6 billion. Exports increased by 8.9 per cent, while imports rose by 4.9 per cent.

Export of natural gas was an important factor for the overall increase in exports, while exports of crude oil fell compared to June 2011.

The trade surplus in June amounted to NOK 29.5 billion. This was an increase of NOK 3.9 billion, or 15.1 per cent, compared to June 2011.

The exports during the first half of 2012 rose by NOK 47.2 billion to a total of NOK 486.3 billion. This constituted an increase of 10.8 per cent.

(NRK/Press release)


Related Articles

IMF: Norway's economy continues to perform well

altThe International Monetary Fund (IMF) has presented its views on the Norwegian economy and Norwegian economic policy, and concludes that the Norwegian economy continues to perform well.(Photo: Finance Minister Sigbjørn Johnsen)..Read more...

The Revised National Budget presented

altIn presenting the revision of the 2013 Fiscal Budget, Finance Minister Sigbjørn Johnsen said the Government proposes a slight strengthening of the budget balance compared to the approved 2013 budget...Read more...

Norway to give additional help to Syrian refugees

altMinister of Foreign Affairs Espen Barth Eide has announced that the Government is increasing Norway's assistance to Syrian refugees by NOK 100 million...Read more...

Norway increases its support for efforts to combat corruption in Latin America

altNorway is to provide NOK 30 million in support for the Inter-American Development Bank’s efforts to promote transparency and combat corruption. ..Read more...

Telenor introduces mobile savings in Pakistan

altIn Pakistan, Norway's Telenor and Tameer Bank have introduced the opportunity to earn interest on savings by using the mobile phone.  ..Read more...

High first quarter return on the National Oil Fund

altThe Government Pension Fund Global (GPFG), also known as the National Oil Fund, posted a 5.4 percent return, or the equivalent of NOK 219 billion, in the first quarter. ..Read more...

- Norwegian wages must go down

altWhen the oil is no longer around to finance Norwegians' salary level, people's wages may have to be reduced by as much as 25 percent, predicts economist Knut Anton Mork. ..Read more...

ILO regional meeting in Oslo

The Ninth European Regional Meeting of the International Labour Organization (ILO) will be opened in Oslo on Monday...Read more...

Banking: DNB agrees to compensate customer

Norway's largest bank, DNB, has agreed to compensate bank customers who have suffered financial losses on investments recommended to them by the bank...Read more...

Svalbard Global Seed Vault secures future seed

altThis year it is five years since the first boxes of seeds from food crops were carried into the Svalbard Global Seed Vault (photo). Today, more than 770,000 different seed samples are deposited in the Arctic vault for long-term storage. ..Read more...

Norwegian holocaust center accuses Palestinian TV channel of anti-Semitism

A Palestinian TV-channel, partly controlled by Palestinian authorities, sometimes spread anti-Semitism and a demonizing image of Israel, according to the Norwegian Holocaust Center. ..Read more...

Challenges facing the Norwegian economy

altThe Government has released a white paper discussing challenges and policy options facing the Norwegian economy towards 2060, stating it is likely to be faced with difficult choices in the decades to come.   ..Read more...

Norway to cooperate with Vietnam on climate

Norway has announced that it is to enter into collaboration with Vietnam on the protection of the Asian nation's forests and preventing climate change. ..Read more...

Norwegian aid to Uganda suspended

Norwegian aid to the Ugandan state has been suspended for an indefinite period. ..Read more...

Norwegian level of wealth leads to more theft

The high standard of living in Norway is tempting to organized criminals, and could be one of the reasons the number of break-ins has increased by seven percent this year. ..Read more...