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Norway

Norway FlagU.S.-Norway Trade Facts

Norway is currently our 46th largest goods trading partner with $8.3 billion in total (two way) goods trade during 2016. Goods exports totaled $3.9 billion; goods imports totaled $4.4 billion. The U.S. goods trade deficit with Norway was $484 million in 2016.

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

According to the Department of Commerce, U.S. exports of Goods and Services to Norway supported an estimated 40 thousand jobs in 2015 (latest data available) (17 thousand supported by goods exports and 24 thousand supported by services exports). 

Exports

  • Norway was the United States' 44th largest goods export market in 2016.

  • U.S. goods exports to Norway in 2016 were $3.9 billion, up 9.9% ($354 million) from 2015 and up 63.9% from 2006.  

  • The top export categories (2-digit HS) in 2016 were: aircraft ($1.5 billion), machinery ($577 million), vehicles ($370 million), electrical machinery ($241 million), and optical and medical instruments ($230 million).

  • U.S. total exports of agricultural products to Norway totaled $94 million in 2016. Leading domestic export categories include: tree nuts ($31 million), processed vegetables ($13 million), processed fruit ($12 million), wine & beer ($9 million), and prepared food ($7 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, transport, and financial services sectors. 

Imports

  • Norway was the United States' 47th largest supplier of goods imports in 2016.

  • U.S. goods imports from Norway totaled $4.4 billion in 2016, down 7.4% ($352 million) from 2015, and down 37.8% from 2006.  

  • The top import categories (2-digit HS) in 2016 were: mineral fuels ($1.4 billion), fish and seafood (fillet) ($584 million), machinery ($290 million), optical and medical instruments ($201 million), and special other (returns) ($184 million).

  • U.S. total imports of agricultural products from Norway totaled $93 million in 2016. Leading categories include: cheese ($44 million), other dairy products ($11 million), feeds & fodders ($10 million), snack foods ($2 million), and essential oils ($845 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. goods trade deficit with Norway was $484 million in 2016, a 59.3% decrease ($706 million) over 2015.

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

Investment
  • U.S. foreign direct investment (FDI) in Norway (stock) was $32.3 billion in 2016, a 7.0% decrease from 2015. U.S. direct investment in Norway is led by mining, manufacturing, and information.

  • Norway's FDI in the United States (stock) was $25.5 billion in 2016, up 23.4% from 2015. The distribution of Norway's FDI in the United States is not available.

  • 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. 


*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.