NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

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

About

United States-Norway Trade: In 2023, United States exported $6.97B to Norway. The main products that United States exported to Norway were Crude Petroleum ($826M), Refined Petroleum ($741M), and Planes, Helicopters, and/or Spacecraft ($459M). Over the past 5 years the exports of United States to Norway have increased at an annualized rate of 1.98%, from $6.32B in 2018 to $6.97B in 2023.

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 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.

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

Company data: In 2023, leading companies such as Hyosung (372), QVC Inc (240), and Chicken of the Sea (239) were at the forefront of exporting goods from Norway to the United States. Conversely, Other (901), Unknown (158), and Gallo Wines New Zealand Lp (157) were notable for importing products to Norway from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $376M and imported $507M from Norway, resulting in a negative trade balance of $131M. Between November 2023 and November 2024 the exports of United States have increased by $19.4M (5.43%) from $357M to $376M, while imports decreased by $-2.51M (-0.49%) from $509M to $507M.

Trade In November 2024, the top exports of United States to Norway were N/A. In November 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 November 2024 the exports of United States were mainly from Texas ($91.2M), Oklahoma ($64.7M), Louisiana ($30.7M), Pennsylvania ($20.8M), and Connecticut ($19M), while imports destinations were mainly California ($56.8M), Oklahoma ($53.3M), Texas ($36.5M), Illinois ($35.9M), and New Jersey ($35.4M).

Growth In November 2024, the increase in United States's year-by-year exports to Norway was explained primarily by an increase in product exports in Crude Petroleum ($160M or 1.79k%), Aircraft parts (gliders, balloons, and powered... ($86.7M or 826%), and Refined Petroleum ($34M or 130%). In November 2024, the decrease in United States's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Cobalt ($-21.1M or -71.7%), Ferroalloys ($-20.3M or -91.3%), and Petroleum Gas ($-10.4M or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$19.4M(5.43%)
IMPORT GROWTH (November 2023 - November 2024)$-2.51M(-0.49%)
MAIN EXPORTER (November 2024)Texas$91.2M

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.

For full datasets download visit Bulk Download page.

Explore Norway and United States Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $6.97B 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). During the last 5 years the exports of United States to Norway have increased at an annualized rate of 1.98%, from $6.32B in 2018 to $6.97B in 2023.

In 2018, 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 2023 to $6.19B in 2018.

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

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

Market Competitiveness

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

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

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

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

Comparative Advantage United States - Norway

Flow
Scale

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

During 2023, United States had a large net trade with Norway in the exports of Mineral Products ($1.8B), Machines ($1.55B), and Chemical Products ($1.13B).

During 2018, 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 United States Norway+$227MRefined Petroleum
Top Product Potential Norway United States+$458MCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms