United States (USA) and Norway (NOR) Trade

2022

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Exports $5.3BRnk 44 / 219

2022

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Top Product $680MPlanes, Helicopters, and/or Spacecraft

2022

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Exports $5.62BRnk 12 / 209

2022

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About

United States-Norway In 2022, United States exported $5.3B to Norway. The main products that United States exported to Norway are Planes, Helicopters, and/or Spacecraft ($680M), Crude Petroleum ($415M), and Refined Petroleum ($387M). During the last 27 years the exports of United States to Norway have increased at an annualized rate of 4.16%, from $1.76B in 1995 to $5.3B in 2022.

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.

Norway-United States In 2022, Norway exported $5.62B to United States. The main products that Norway exported to United States were Refined Petroleum ($906M), Fish Fillets ($852M), and Raw Nickel ($331M). During the last 27 years the exports of Norway to United States have increased at an annualized rate of 2.59%, from $2.82B in 1995 to $5.62B in 2022.

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.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

COMPANIES In 2023, leading companies such as ADIDAS INTERNATIONAL TRADING AG (111k), WAL-MART INC. (65.1k), and SAMSUNG ELECTRONICS AMERICA (20.9k) were at the forefront of exporting goods from Norway to the United States. Conversely, KAPOOR INDUSTRIES LIMITED (54.4k), SAMSUNG SDS VN CO., LTD - HCMC BR (19k), and LAC TY II CO., LTD. (12.4k) were notable for importing Norway products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $243M and imported $487M from Norway, resulting in a negative trade balance of $244M. Between January 2023 and January 2024 the exports of United States have decreased by $-386M (-61.4%) from $628M to $243M, while imports decreased by $-45.9M (-8.62%) from $532M to $487M.

Trade In January 2024, the top exports of United States to Norway were Crude Petroleum ($169M), Aircraft Parts ($97.1M), Refined Petroleum ($60.1M), Acyclic Hydrocarbons ($39.6M), and Commodities not elsewhere specified ($32.8M). In January 2024 the top imports of United States from Norway were Refined Petroleum ($95.8M), Fish Fillets ($92.5M), Commodities not elsewhere specified ($34.9M), Non-fillet Fresh Fish ($31.6M), and Crude Petroleum ($30.8M).

Origins In January 2024 the exports of United States were mainly from Texas ($55.1M), Louisiana ($24.8M), Connecticut ($16.9M), California ($14.8M), and Florida ($12.5M), while imports destinations were mainly Maryland ($86.1M), California ($51M), Louisiana ($50.5M), Texas ($40.4M), and Massachusetts ($31.1M).

Growth In January 2024, the decrease in United States's year-by-year exports to Norway was explained primarily by an decrease in product exports in Paintings ($-6.76M or -90.5%), Weapons Parts and Accessories ($-2.16M or -77.7%), and Machinery Having Individual Functions ($-1.75M or -33.6%). In January 2024, the decrease in United States's year-by-year imports from Norway was explained primarily by an decrease in product imports in Cobalt ($-21.1M or -71.7%), Ferroalloys ($-20.3M or -91.3%), and Petroleum Gas ($-10.4M or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-386M(-61.4%)

IMPORT GROWTH (January 2023 - January 2024)$-45.9M(-8.62%)

MAIN EXPORTER (January 2024)Texas$55.1M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $5.3B to Norway. The main products exported from United States to Norway were Planes, Helicopters, and/or Spacecraft ($680M), Crude Petroleum ($415M), and Refined Petroleum ($387M). During the last 27 years the exports of United States to Norway have increased at an annualized rate of 4.16%, from $1.76B in 1995 to $5.3B in 2022.

In 2022, Norway exported $5.62B to United States. The main products exported from Norway to United States were Refined Petroleum ($906M), Fish Fillets ($852M), and Raw Nickel ($331M). During the last 27 years the exports of Norway to United States have increased at an annualized rate of 2.59%, from $2.82B in 1995 to $5.62B in 2022.

Exports from United States () to Norway () (2022)

Exports from Norway () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Norway
Top DestinationGermany$78.1B

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

In 2021, countries that imported more from United States than Norway were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Norway than United States were Sweden ($17.7B), Germany ($78.1B), and Finland ($6.36B).

Difference in imports from Norway () and United States () (2022)

Comparative Advantage United States - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Norway in the exports of Mineral Products ($1.1B), Transportation ($1.04B), and Chemical Products ($1.04B).

During 2022, Norway had a large net trade with United States in the exports of Animal Products ($1.24B), Mineral Products ($1.01B), and Metals ($860M).

Service Trade

Bilateral Service Trade

Nor Year

Usa Year

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.

Service trade data is presented based on availability.

Services Exports from United States () to Norway () (2017)

Services Exports from Norway () to United States () (2010)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over United States.

Product Space of United States () and Norway () (2022)

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