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Norway

Norway ranked No. 43 in total trade value through February with a total of $1.77 billion. Exports totaled $693.42 million and Imports totaled $1.08 billion, a deficit of $385.48 million.

January – February 2019

Top Trading Ports

Total Trade: $1.77 billion

RankPortTotal YTD
1Port of Houston $299,117,165
2Port of Wilmington, Dela. $191,015,965
3Port of Newark $123,639,232
4Port of New Orleans $120,585,235
5John F. Kennedy International Airport $104,187,528
6Cleveland’s Hopkins International Airport, Ohio $71,716,335
7Houston’s George Bush Intercontinental Airport, Texas $60,671,171
8Port of Baltimore, Md. $51,014,705
9Chicago O’Hare International Airport $47,441,195
10Port of Philadelphia $46,511,716

U.S. trade with Norway rose to $1.77 billion through February

Norway’s trade with the United States rose to $1.77 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.14 percent below its total trade during the same time period last year. Norway’s exports decreased 32.88 percent while imports rose 29.19 percent. The U.S. deficit with Norway was $385.48 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Wilmington, Dela.; No. 3 Port of Newark; No. 4 Port of New Orleans; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Port of Charleston No. 2 Port of Baltimore, Md. No. 3 Port of Newark No. 4 Port of Wilmington, Dela. and No. 5 Port of Houston. In the current time period, the top five accounted for 47.31 percent of Norway’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 171.14 percent to $299.12 million.
    Exports rose 129.81 percent to $192.45 million. Imports rose 301.4 percent to $106.66 million.
  • Trade with No. 2 Port of Wilmington, Dela. rose 59.89 percent to $191.02 million.
    There were no exports. Imports rose 59.9 percent to $191.02 million.
  • Trade with No. 3 Port of Newark fell 18.24 percent to $123.64 million.
    Exports fell 9.29 percent to $30.26 million. Imports fell 20.77 percent to $93.38 million.
  • Trade with No. 4 Port of New Orleans rose 136.43 percent to $120.59 million.
    Exports rose 98.25 percent to $43.31 million. Imports rose 165.04 percent to $77.27 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 55.45 percent to $104.19 million.
    Exports rose 106.22 percent to $32.21 million. Imports rose 40.02 percent to $71.98 million.

Norway ranked No. 43 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 43.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Norway by value through February were the categories of Oil; Civilian aircraft, parts; Low value shipments; Acyclic hydrocarbons; and Aircraft engines, engine parts, respectively. They accounted for 46.99 percent of total exports to Norway.

The value of the top five categories of U.S. imports from Norway –– Oil; Gasoline, other fuels; Fish fillets, chilled or frozen; Sutures, dental cements, etc.; and Value added to a returned import –– accounted for 51.81 percent of all inbound shipments.

Looking more closely at U.S. exports to Norway:

  • Oil rose 0.74 percent compared to last year to $156.07 million.
  • Civilian aircraft, parts fell 75.82 percent compared to last year to $67.93 million.
  • Low value shipments fell 15.05 percent compared to last year to $37.03 million.
  • Acyclic hydrocarbons rose 418.27 percent compared to last year to $36.12 million.
  • Aircraft engines, engine parts rose 419.13 percent compared to last year to $28.68 million.

Looking more closely at U.S. imports from Norway:

  • Oil rose 72.71 percent compared to last year to $205.7 million.
  • Gasoline, other fuels rose 136.62 percent compared to last year to $177.48 million.
  • Fish fillets, chilled or frozen fell 2.35 percent compared to last year to $79.87 million.
  • Sutures, dental cements, etc. rose 945.68 percent compared to last year to $49.05 million.
  • Value added to a returned import rose 16.45 percent compared to last year to $46.83 million.

In the latest annual figures available, Norway recorded $10.33 billion in trade with the United States. At year’s end, its were Seattle; New York City; Houston; Philadelphia; and New Orleans. Total U.S. exports to Norway were $ 5.3 billion and imports from Norway were $5.03 billion. The U.S. surplus with Norway was $268.65 million.