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Norway

Norway FlagU.S.-Norway Trade Facts

U.S. goods and services trade with Norway totaled $16 billion in 2012 (latest data available for goods and services trade). Exports totaled $7 billion; Imports totaled $9 billion. The U.S. goods and services trade deficit with Norway was $2 billion in 2012.

Norway is currently our 45th largest goods trading partner with $10.5 billion in total (two way) goods trade during 2017. Goods exports totaled $5.5 billion; goods imports totaled $5.1 billion. The U.S. goods trade surplus with Norway was $402 million in 2017.

Trade in services with Norway totaled an estimated $5.8 billion in 2016 (latest data available). Services exports totaled $3.1 billion; services imports totaled $2.7 billion. The U.S. services trade surplus with Norway was $321 million in 2016.

Exports

Norway was the United States' 39th largest goods export market in 2017.

U.S. goods exports to Norway in 2017 were $5.5 billion, up 39.1% ($1.5 billion) from 2016 and up 79.4% from 2007. 

The top export categories (2-digit HS) in 2017 were: aircraft ($2.8 billion), vehicles ($673 million), machinery ($482 million), electrical machinery ($220 million), and optical and medical instruments ($216 million).

U.S. total exports of agricultural products to Norway totaled $94 million in 2017. Leading domestic export categories include: tree nuts ($27 million), prepared food ($13 million), processed fruit ($12 million), processed vegetables ($11 million), and wine & beer ($11 million).

U.S. exports of services to Norway were an estimated $3.1 billion in 2016 13.6% ($483 million) less than 2015, but 41.6% greater than 2006 levels.  Leading services exports from the U.S. to Norway were in the travel, and financial services sectors.

Imports

Norway was the United States' 45th largest supplier of goods imports in 2017.

U.S. goods imports from Norway totaled $5.1 billion in 2017, up 14.6% ($644 million) from 2016, but down 31.0% from 2007. 

The top import categories (2-digit HS) in 2017 were: mineral fuels ($1.8 billion), fish and seafood (fillet) ($746 million), machinery ($334 million), special other (returns) ($201 million), and optical and medical instruments ($196 million).

U.S. total imports of agricultural products from Norway totaled $96 million in 2017. Leading categories include: cheese ($40 million), feeds & fodders ($15 million), other dairy products ($13 million), snack foods ($6 million), and essential oils ($778 thousand).

U.S. imports of services from Norway were an estimated $2.7 billion in 2016, 5.8% ($149 million) more than 2015, and 67.1% greater than 2006 levels.  Leading services imports from Norway to the U.S. were in the transport, travel, and research and development sectors.

Trade Balance

The U.S. trade balance with Norway shifted from a goods trade deficit of $488 million in 2016 to a goods trade surplus of $402 million in 2017.

The United States has a services trade surplus of an estimated $321 million with Norway in 2016 (latest data available), down 71.7% from 2015.

Investment

U.S. foreign direct investment (FDI) in Norway (stock) was $29.2 billion in 2017, a 0.1% decrease from 2016. U.S. direct investment in Norway is led by mining, information services, and manufacturing.

Norway's FDI in the United States (stock) was $26.0 billion in 2017, up 3.3% from 2016. There is no information on the distribution of Norway FDI in the U.S

Sales of services in Norway by majority U.S.-owned affiliates were $6.4 billion in 2015 (latest data available), while sales of services in the United States by majority Norway-owned firms were $2.6 billion.