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2023
Flag → Flag
Exports $6.19BRnk 10 / 205
2023
Flag → Flag
Top Product $1.34BRefined Petroleum
2023
Flag → Flag
Exports $6.97BRnk 41 / 220
2023
Flag → Flag
Top Product $826MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Norway-United States Trade: In 2023, Norway exported $6.19B to United States. The main products that Norway exported to United States were Refined Petroleum ($1.34B), Fish Fillets ($985M), and Raw Nickel ($355M). Over the past 5 years the exports of Norway to United States have decreased at an annualized rate of 1.68%, from $6.74B in 2018 to $6.19B in 2023.

In 2010, Norway exported services to United States worth $5.51B, with Services not allocated ($2.75B), Other business services ($1.17B), and Transportation ($770M) being the largest in terms of value.

United States-Norway In N/A, United States did not export any products to Norway.

In 2017, United States exported services to Norway worth $3.04B, with Travel ($1.1B), Transportation ($523M), and Other business services ($465M) being the largest in terms of value.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK4.55B and imported NOK9.7B from United States, resulting in a negative trade balance of NOK5.15B. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-451M (-9.02%) from NOK5B to NOK4.55B, while imports increased by NOK4.75B (96%) from NOK4.95B to NOK9.7B.

Trade In December 2024, the top exports of Norway to United States were Fish (not marine mammals), crustaceans, molluscs... (NOK1.01B), Petroleum, petroleum products and related materials (NOK274M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK194M), Professional, scientific and controlling instruments and... (NOK187M), and General industrial machinery and equipment, n.e.s.,... (NOK181M). In December 2024 the top imports of Norway from United States were Other transport equipment (NOK1.81B), Office machines and automatic data-processing machines (NOK1.45B), Power-generating machinery and equipment (NOK516M), Organic chemicals (NOK445M), and Professional, scientific and controlling instruments and... (NOK429M).

Growth In December 2024, the decrease in Norway's year-by-year exports to United States was explained primarily by an decrease in product exports in Petroleum, petroleum products and related materials (NOK-311M or -53.1%), Non-ferrous metals (NOK-254M or -63.6%), and Power-generating machinery and equipment (NOK-202M or -74.8%). In December 2024, the increase in Norway's year-by-year imports  from United States was explained primarily by an increase in product imports  in Other transport equipment (NOK1.64B or 999%), Office machines and automatic data-processing machines (NOK1.4B or 2.72k%), and Power-generating machinery and equipment (NOK198M or 62.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-451M(-9.02%)
IMPORT GROWTH (December 2023 - December 2024)NOK4.75B(96%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check United States and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $6.19B to United States. The main products exported from Norway to United States were Refined Petroleum ($1.34B), Fish Fillets ($985M), and Raw Nickel ($355M). During the last 5 years the exports of Norway to United States have decreased at an annualized rate of 1.68%, from $6.74B in 2018 to $6.19B in 2023.

United States does not register exports to Norway. The main products exported from United States to Norway were Crude Petroleum ($826M), Refined Petroleum ($741M), and Planes, Helicopters, and/or Spacecraft ($459M).

Exports from Norway (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
United States
Top DestinationCanada$269B

This map shows whether countries import more from Norway or United States. Each country is colored based on the difference in imports they receive from Norway and United States or the difference in the growth in imports.

In 2023, countries that imported more from Norway than United States included Sweden ($15.9B), Denmark ($12.7B), and Finland ($6.38B).

In 2023, countries that imported more from United States than Norway included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - United States

Flow
Scale

This chart compares trade between Norway and United States by product, considering products traded by both, Norway and United States.

During 2023, Norway had a large net trade with United States in the exports of Mineral Products ($1.49B), Animal Products ($1.45B), and Chemical Products ($750M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway United States+$458MCrude Petroleum
Top Product Potential United States Norway+$227MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and United States. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and United States (Flag) (2023)

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