Flag United States / Norway Flag

Exports Flag β†’ Flag  (2018): $5.8B, Rnk 37 / 215

Top Product Flag β†’ Flag (2018): $881M, Cars

Exports Flag β†’ Flag (2018): $6.06B, Rnk 7 / 199

Top Product Flag β†’ Flag (2018): $1.38B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 34 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP Flag (2018): $434B, CURRENT US$
Rnk 27 / 196

GDP GROWTH Flag (2008-2018): -6.08%, CURRENT US$
Rnk 182 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

GDP PC Flag (2018): $81,697, CURRENT US$
Rnk 5 / 196

GDP PC GROWTH Flag (2008-2018): -15.7%, CURRENT US$
Rnk 177 / 196

United States-Norway: In 2018, United States exported $5.8B to Norway. The main products exported from United States to Norway were Cars ($881M), Crude Petroleum ($757M), and Planes, Helicopters, and/or Spacecraft ($709M). During the last 23 years the exports of United States to Norway have increased at an annualized rate of 4.5%, from $2.11B in 1995 to $5.8B in 2018. In 2011, United States exported services to Norway worth $2.48B, with Travel ($1.09B), Transportation ($826M), and Royalties and license fees ($299M) being the largest in terms of value.

Norway-United States: In 2018, Norway exported $6.06B to United States. The main products exported from Norway to United States were Crude Petroleum ($1.38B), Refined Petroleum ($1.12B), and Fish Fillets ($466M). During the last 23 years the exports of Norway to United States have increased at an annualized rate of 3.2%, from $2.94B in 1995 to $6.06B in 2018. 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 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Norway ranked 34 in the Economic Complexity Index (ECI 0.85), and 33 in total exports ($127B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Norway was ranked 5 with a GDP Per Capita of $81,697.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $5.8B to Norway. The main products exported from United States to Norway were Cars ($881M), Crude Petroleum ($757M), and Planes, Helicopters, and/or Spacecraft ($709M). During the last 23 years the exports of United States to Norway have increased at an annualized rate of 4.5%, from $2.11B in 1995 to $5.8B in 2018.

In 2018, Norway exported $6.06B to United States. The main products exported from Norway to United States were Crude Petroleum ($1.38B), Refined Petroleum ($1.12B), and Fish Fillets ($466M). During the last 23 years the exports of Norway to United States have increased at an annualized rate of 3.2%, from $2.94B in 1995 to $6.06B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Norway
Top Destination
: United Kingdom, $25.8B

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 2018, countries that imported more from United States than Norway were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Norway than United States were Sweden ($9.8B), Denmark ($5.52B), and Iceland ($771M).

Comparative Advantage United States - Norway

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Depth

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

During 2018, United States had a large net trade with Norway in the exports of Transportation ($1.85B), Machines ($1.24B), and Mineral Products ($1B).

During 2018, Norway had a large net trade with United States in the exports of Mineral Products ($2.6B), Animal Products ($799M), and Machines ($689M).

Tariff Section

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This sections shows import tariffs for products traded between United States and Norway (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Norway were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Norway that paid the highest import tariffs to enter United States were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

Explore Tariff Data

*The tariffs present between United States and Norway are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between United States and Norway. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2011, United States exported services to Norway worth $2.48B, with Travel ($1.09B), Transportation ($826M), and Royalties and license fees ($299M) being the largest in terms of value.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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