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Increased trade surplus

The trade surplus in November came to NOK 33.9 billion. This was NOK 1.5 billion more than November last year and NOK 7 billion higher than last month.

Export of fish amounted to NOK 6.4 billion - nearly NOK 1 billion more than in November 2012.

Both imports and exports of goods rose in November compared to the same month a year back. The value of imports of goods came to NOK 45.9 billion, which is an increase of 2.5 per cent compared to last November. Exports rose by 3.3 per cent to NOK 79.8 billion in November.

Exports of crude oil came to nearly NOK 22.8 billion - an increase of 2.4 per cent. In total, 34.3 million barrels of crude oil were exported in November. This is about one million barrels less compared to the same month last year. The increase in value was primarily due to a strengthening of the USD compared to NOK.

 

To read more, please visit The Norway Post.