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Pricing

2022
Flag → Flag
Exports $5.3BRnk 44 / 219
2022
Flag → Flag
Top Product $680MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $5.62BRnk 12 / 209
2022
Flag → Flag
Top Product $906MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

United States-Norway Trade: In 2022, United States exported $5.3B to Norway. The main products that United States exported to Norway were Planes, Helicopters, and/or Spacecraft ($680M), Crude Petroleum ($415M), and Refined Petroleum ($387M). Over the past 5 years the exports of United States to Norway have increased at an annualized rate of 2.77%, from $4.63B in 2017 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 Trade: 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). Over the past 5 years the exports of Norway to United States have increased at an annualized rate of 2.05%,  from $5.08B in 2017 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 1.47), and 2 in total exports ($1.95T). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

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

August, 2024

About

Overview In August 2024, United States exported $664M and imported $671M from Norway, resulting in a negative trade balance of $7.47M. Between August 2023 and August 2024 the exports of United States have decreased by $-18.8M (-2.75%) from $683M to $664M, while imports increased by $131M (24.2%) from $540M to $671M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Virginia ($243M), California ($92M), Texas ($88.1M), Pennsylvania ($42.7M), and Oklahoma ($28.3M), while imports destinations were mainly Massachusetts ($99.9M), Rhode Island ($91.6M), Connecticut ($73.4M), New Jersey ($60.7M), and California ($54.8M).

Growth In August 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 August 2024, the increase in United States's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Refined Petroleum ($62.7M or 190%), Fish Fillets ($25.8M or 38.6%), and Raw Nickel ($17.4M or 1.15k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-18.8M(-2.75%)
IMPORT GROWTH (August 2023 - August 2024)$131M(24.2%)
MAIN EXPORTER (August 2024)Virginia$243M

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

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Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of United States to Norway have increased at an annualized rate of 2.77%, from $4.63B in 2017 to $5.3B in 2022.

In 2017, 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 5 years the exports of Norway to United States have increased at an annualized rate of 2.05%, from $5.08B in 2022 to $5.62B in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from United States than Norway included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Norway than United States included Sweden ($17.7B), Germany ($78.1B), and Finland ($6.36B).

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

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 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 2017, Norway had a large net trade with United States in the exports of Animal Products ($1.24B), Mineral Products ($1.01B), and Metals ($860M).

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.

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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) (2022)

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