The figures for crude oil exports in July the highest so far this year

Oseberg fieldOseberg field.Photo: Marit Hommedal / SCANPIX

In July, Norway exported crude oil to the value of 16.5 billion kroner. This is highest  monthly value so far   this year .

Norway exported 6.7 million more barrels of crude oil in July this year than in July last year, but because of lower oil prices, the value of exports was 1.8 per cent lower than in July last year, according to Statistics Norway’s figures for foreign trade.

The exports of natural gas was at 12 billion in July, down 6.2 billion kroner less than last year. The main reason is lower prices.

Norway’s trade surplus in July was NOK 14 billion. This is a decrease of 44.5 percent compared with the same month last year.

Exports declined by 15.2 percent compared to the same month last year and ended up at NOK 59.1 billion. Imports have increased by 1.2 percent to 45.2 billion kroner.

Fish Exports increased by 17.4 percent from July last year to July this year and amounted to 6.4 billion kroner.

This is mainly because the price of fresh whole salmon has increased to 66 million, one kroner more than the  price in June, which held the previous record for highest.

Among the other important developments is the decrease passenger car imports by 8.7 percent, which means it is now at 3 billion. This is because the import of electric cars has been halved compared to last year.


Source: NTB scanpix / Norway Today