Norway

Norway FlagU.S.-Norway Trade Facts

U.S. goods and services trade with Norway totaled $12.8 billion in 2009 (latest data available for goods and services trade combined). Exports totaled $5.6 billion; Imports totaled $7.2 billion. The U.S. goods and services trade deficit with Norway was $1.6 billion in 2009.

Norway is currently our 45th largest goods trading partner with $10.0 billion in total (two ways) goods trade during 2010. Goods exports totaled $3.1 billion; Goods imports totaled $6.9 billion. The U.S. goods trade deficit with Norway was $3.8 billion in 2010.

Trade in services with Norway (exports and imports) totaled $4 billion in 2009 (latest data available for services trade). Services exports were $2.8 billion; Services imports were $1.5 billion. The U.S. services trade surplus with Norway was $1.3 billion in 2009.

Exports

Norway was the United States' 48th largest goods export market in 2010.

U.S. goods exports to Norway in 2010 were $3.1 billion, up 11.1% ($310 million) from 2009, and up 145% from 1994 (the year prior to Uruguay Round).

The top export categories (2-digit HS) in 2010 were: Aircraft ($816 million), Machinery ($494 million), Optic and Medical Instruments ($348 million), Inorganic Chemicals ($291 million), and Electrical Machinery ($240 million).

U.S. exports of agricultural products to Norway totaled $73 million in 2010. Leading categories include: processed fruit and vegetables ($21 million), tree nuts ($19 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Norway were $2.8 billion in 2009 (latest data available), down 15.3% ($502 million) from 2008, but up 141% 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' 39th largest supplier of goods imports in 2010.

U.S. goods imports from Norway totaled $6.9 billion in 2010, a 22.2% increase ($1.3 billion) from 2009, and up 193% over the last 16 years.

The five largest import categories in 2010 were: Mineral Fuel and Oil ($3.1 billion), Nickel and Articles Thereof ($522 million), Fish and Seafood ($472 million), Electrical Machinery ($461 million), and Machinery ($338 million).

U.S. imports of agricultural products from Norway totaled $60 million in 2010. The leading category was: cheese ($40 million).

U.S. imports of private commercial services * (i.e., excluding military and government) were $1.5 billion in 2009 (latest data available), down 29% ($603 million) from 2008, but up 25% 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 $3.8 billion in 2010, a 32.8% increase ($951 million) over 2009.

The United States has a services trade surplus of $1.3 billion in 2009 (latest data available), up 9% from 2008.

Investment

U.S. foreign direct investment (FDI) in Norway (stock) was $27.0 billion in 2009 (latest data available) a 10.6% increase from 2008.

Reported U.S. direct investment in Norway is primarily concentrated in the mining and manufacturing sectors.

Norway FDI in the United States (stock) was $7.3 billion in 2009 (latest data available), down 18.2% from 2008.

The distribution of Norway's direct investment in the U.S. is led by the wholesale trade and professional, scientific and technical services sector.

Sales of services in Norway by majority U.S.-owned affiliates were $6.5 billion in 2008 (latest data available), while sales of services in the United States by majority Norway-owned firms were $1.8 billion.

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