Overview: In May 2021 United States exported $430M and imported $599M from Norway, resulting in a negative trade balance of $169M. Between May 2020 and May 2021 the exports of United States have increased by $236M (122%) from $194M to $430M, while imports increased by $273M (83.7%) from $326M to $599M.
Trade: In May 2021, the top exports of United States to Norway were Crude Petroleum ($158M), Surveying Equipment ($32.9M), Commodities not elsewhere specified ($25.9M), Aircraft Parts ($17.5M), and Acyclic Hydrocarbons ($13.7M). In May 2021 the top imports of United States from Norway were Refined Petroleum ($135M), Crude Petroleum ($98.2M), Fish Fillets ($60.3M), Special Pharmaceuticals ($36.9M), and Aircraft Parts ($15.7M).
Origins: In May 2021 the exports of United States were mainly from Texas ($249M), North Carolina ($17.8M), California ($17.2M), Connecticut ($16.9M), and Louisiana ($13.2M), while imports destinations were mainly New Jersey ($124M), Massachusetts ($77.3M), California ($50.4M), Connecticut ($35.6M), and Texas ($35.3M).
Growth: In May 2021, the increase in United States's year-by-year exports to Norway was explained primarily by an increase in product exports in Surveying Equipment ($25.3M or 330%), Commodities not elsewhere specified ($14.7M or 133%), and Glass Working Machines ($9.12M or 271%). In May 2021, the increase in United States's year-by-year imports from Norway was explained primarily by an increase in product imports in Refined Petroleum ($103M or 321%), Crude Petroleum ($86.2M or 719%), and Special Pharmaceuticals ($21.5M or 139%).