Norway Trade & Investment Summary
U.S. goods and services trade with Norway totaled an estimated $17.9 billion in 2022. Exports were $7.2 billion; imports were $10.8 billion. The U.S. goods and services trade deficit with Norway was $3.6 billion in 2022.
U.S. goods exports to Norway in 2022 were $4.7 billion, up 17.4 percent ($695 million) from 2021 and up 34 percent from 2012. U.S. goods imports from Norway totaled $6.7 billion in 2022, down 1.0 percent ($71 million) from 2021, but up 1 percent from 2012. The U.S. goods trade deficit with Norway was $2.0 billion in 2022, a 28.1 percent decrease ($766 million) over 2021.
U.S. exports of services to Norway were an estimated $2.5 billion in 2022, 43.9 percent ($757 million) more than 2021, and 23 percent less than 2012 levels. U.S. imports of services from Norway were an estimated $4.1 billion in 2022, 62.5 percent ($1.6 billion) more than 2021, and 112 percent greater than 2012 levels. Leading services exports from the U.S. to Norway were in the travel, transportation, and financial services sectors. The United States had a services trade deficit of an estimated $1.6 billion with Norway in 2022, up 103 percent from 2021.
U.S. foreign direct investment (FDI) in Norway (stock) was $13.5 billion in 2022, a 14.7 percent decrease from 2021. U.S. direct investment in Norway is led by mining, information services, and manufacturing.
Norway's FDI in the United States (stock) was $36.9 billion in 2022, up 12.3 percent from 2021.
