U.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 47th largest goods trading partner with $10.0 billion in total (two ways) goods trade during 2013. Goods exports totaled $4.5 billion; Goods imports totaled $5.5 billion. The U.S. goods trade deficit with Norway was $1.0 billion in 2013.
Trade in services with Norway (exports and imports) totaled $5.4 billion in 2012 (latest data available). Services exports were $3.3 billion; Services imports were $2.1 billion. The U.S. services trade surplus with Norway was $1.1 billion in 2012.
Norway was the United States' 46th largest goods export market in 2013.
U.S. goods exports to Norway in 2013 were $4.5 billion, up 28.2% ($987 million) from 2012, and up 206% from 2012.
The top export categories (2-digit HS) in 2013 were: Aircraft ($1.5 billion), Machinery ($681 million), Optic and Medical Instruments ($390 million), Electrical Machinery ($330 million), and Vehicles ($282 million).
U.S. exports of agricultural products to Norway totaled $116 million in 2013. Leading categories include: tree nuts ($33 million), and processed fruit ($14 million), and soybean oil ($13 million).
U.S. exports of private commercial services* (i.e., excluding military and government) to Norway were $3.3 billion in 2012 (latest data available), up 4.1% ($129 million) from 2011, and up 131% from 2002 level. Other private services (business, professional, and technical services, and financial services), and travel categories led U.S. services exports to Norway.
Norway was the United States' 45th largest supplier of goods imports in 2013.
U.S. goods imports from Norway totaled $5.5 billion in 2013, a 16.4% decrease ($1.1 billion) from 2012, but up 5% from 2003.
The five largest import categories in 2013 were: Mineral Fuel and Oil ($2.4 billion), Machinery ($385 million), Electrical Machinery ($320 million), Fish and Seafood (atlantic salmon) ($293 million), and Optic and Medical Instruments ($269 million).
U.S. imports of agricultural products from Norway totaled $77 million in 2013. The leading category was cheese ($38 million).
U.S. imports of private commercial services * (i.e., excluding military and government) were $2.1 billion in 2012 (latest data available), up 11.6% ($221 million) from 2011, and up 91% from 2002 level. The other transportation category (freight services) accounted for most of U.S. services imports from Norway.
The U.S. goods trade deficit with Norway was $1.0 billion in 2013, a 67.4% decrease ($2.1 billion) over 2012.
The United States has a services trade surplus of $1.1 billion in 2012 (latest data available), down 7.6% from 2011.
U.S. foreign direct investment (FDI) in Norway (stock) was $38.8 billion in 2012 (latest data available), a 16.6% increase from 2011.
Reported U.S. direct investment in Norway is led by the mining and manufacturing sectors.
Norway FDI in the United States (stock) was $16.4 billion in 2012 (latest data available), up 2.1% from 2011.
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 $6.2 billion in 2011 (latest data available), while sales of services in the United States by majority Norway-owned firms were $1.3 billion.
*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services.