Norway

U.S.-Norway Trade Facts

U.S. goods and services trade with Norway totaled $15 billion in 2010 (latest data available). Exports totaled $6 billion; Imports totaled $9 billion. The U.S. goods and services trade deficit with Norway was $3 billion in 2010.

Norway is currently our 45th largest goods trading partner with $11.9 billion in total (two ways) goods trade during 2011. Goods exports totaled $3.6 billion; Goods imports totaled $8.3 billion. The U.S. goods trade deficit with Norway was $4.7 billion in 2011.

Trade in services with Norway (exports and imports) totaled $4.5 billion in 2010 (latest data available). Services exports were $2.7 billion; Services imports were $1.8 billion. The U.S. services trade surplus with Norway was $915 million in 2010.

Exports

Norway was the United States' 46th largest goods export market in 2011.

U.S. goods exports to Norway in 2011 were $3.6 billion, up 17.2% ($534 million) from 2010, and up 135% from 2000.

The top export categories (2-digit HS) in 2011 were: Aircraft ($921 million), Machinery ($656 million), Optic and Medical Instruments ($410 million), Inorganic Chemicals ($246 million), and Electrical Machinery ($243 million).

U.S. exports of agricultural products to Norway totaled $83 million in 2011. Leading categories include: tree nuts ($22 million), and processed fruit and vegetables ($21 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Norway were $2.7 billion in 2010 (latest data available), up 6.4% ($165 million) from 2009, and up 137% from 1994 level. Other private services (business, professional, and technical services, and financial services), and travel categories led U.S. services exports to Norway.

Imports

Norway was the United States' 40th largest supplier of goods imports in 2011.

U.S. goods imports from Norway totaled $8.3 billion in 2011, a 19.6% increase ($1.4 billion) from 2010, and up 46% from 2000.

The five largest import categories in 2011 were: Mineral Fuel and Oil ($5.0 billion), Electrical Machinery ($352 million), Nickel and Articles Thereof ($306 million), Fish and Seafood (atlantic salmon) ($304 million), and Machinery ($288 million).

U.S. imports of agricultural products from Norway totaled $68 million in 2011. The leading category was cheese ($38 million).

U.S. imports of private commercial services * (i.e., excluding military and government) were $1.8 billion in 2010 (latest data available), up 22.7% ($335 million) from 2009, and up 53% from 1994 level. The other transportation category (freight services) accounted for most of U.S. services imports from Norway.

Trade Balance

The U.S. goods trade deficit with Norway was $4.7 billion in 2011, a 21.6% increase ($831 million) over 2010.

The United States has a services trade surplus of $915 million in 2010 (latest data available).

Historical Trade Data
U.S. Goods Trade with Norway (in billions of dollars)

U.S. foreign direct investment (FDI) in Norway (stock) was $33.8 billion in 2010 (latest data available), a 22.4% increase from 2009.

Reported U.S. direct investment in Norway is led by the mining and manufacturing sectors.

Norway FDI in the United States (stock) was $10.4 billion in 2010 (latest data available), up 4.1% from 2009.

The distribution of Norway's reported direct investment in the U.S. is led by the wholesale trade sector.

Sales of services in Norway by majority U.S.-owned affiliates were $5.9 billion in 2009 (latest data available), while sales of services in the United States by majority Norway-owned firms were $1.6 billion.

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