Norway trade surplus grows on record gas exports

OSLO, Feb 16 (Reuters) – Norway’s trade surplus dropped by 21 percent in January from a year earlier, but grew from December as record-high gas exports helped boost the trade figures month-on-month, Statistics Norway said on Monday.

The value of Norway’s gas exports exceeded the value of its crude oil exports for a second consecutive month, as exports of gas have grown, oil prices have fallen steeply from mid-2008 peaks and Norwegian oil exports are in a long-term decline.

The trade surplus slimmed to 29.4 billion Norwegian crowns in January from 37.2 billion in the same month a year ago, hit by lower oil prices, but grew from 26.9 billion in December 2008, the government statistics agency reported.

To read entire article written by John Acher on Reuters.com, click here.

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