Foreign Trade Surplus to 24.7 Billion

According to Statistics Norway, the trade surplus in May and June was relatively low compared with the first four months of this year as a result of reduced export contributions from both crude oil and natural gas due to maintenance work on the continental shelf.

The total export value of crude oil, natural gas and condensate was 35 billion for June. There is a decrease of 1.4 billion, or 3.9 percent, from last June. 38 million barrels of crude oil were exported compared to 49 million in the same month last year as a result of the maintenance work. However, export value of crude oil was higher as a result of much higher prices in oil in June this year.

The export value of fish has also fallen by 400 million, or 10 percent, compared with the same month of last year.

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