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Norway

Norway ranked No. 45 in total trade value through March with a total of $2.59 billion. Exports totaled $1.05 billion and Imports totaled $1.54 billion, a deficit of $492.06 million.

January – March 2019

Top Trading Ports

Total Trade: $2.59 billion

RankPortTotal YTD
1Port of Houston $371,344,073
2Port of Wilmington, Dela. $230,115,964
3Port of Newark $207,466,021
4Port of New Orleans $179,457,370
5John F. Kennedy International Airport $151,943,753
6Cleveland’s Hopkins International Airport, Ohio $106,944,526
7Houston’s George Bush Intercontinental Airport, Texas $97,453,139
8Dallas-Fort Worth International Airport, Texas $96,211,286
9Port of Baltimore, Md. $85,234,359
10Chicago O’Hare International Airport $74,722,651

U.S. trade with Norway rose to $2.59 billion through March

Norway’s trade with the United States rose to $2.59 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.59 percent below its total trade during the same time period last year. Norway’s exports decreased 16.73 percent while imports rose 8.02 percent. The U.S. deficit with Norway was $492.06 million.

Through March, 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 Newark No. 2 Port of Wilmington, Dela. No. 3 Port of Baltimore, Md. No. 4 Port of Charleston and No. 5 Port of Houston. In the current time period, the top five accounted for 44.03 percent of Norway’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 111.77 percent to $371.34 million.
    Exports rose 166.6 percent to $230.23 million. Imports rose 58.57 percent to $141.12 million.
  • Trade with No. 2 Port of Wilmington, Dela. fell 3.13 percent to $230.12 million.
    There were no exports. Imports fell 3.13 percent to $230.12 million.
  • Trade with No. 3 Port of Newark fell 14.3 percent to $207.47 million.
    Exports fell 9.54 percent to $49.97 million. Imports fell 15.71 percent to $157.5 million.
  • Trade with No. 4 Port of New Orleans rose 53.65 percent to $179.46 million.
    Exports rose 12.09 percent to $70.5 million. Imports rose 102.13 percent to $108.96 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 51.59 percent to $151.94 million.
    Exports rose 93.6 percent to $50.58 million. Imports rose 36.78 percent to $101.36 million.

Norway ranked No. 45 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 45.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Norway by value through March were the categories of Oil; Civilian aircraft, parts; Low value shipments; Acyclic hydrocarbons; and Aircraft engines, engine parts, respectively. They accounted for 42.62 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 Aircraft engines, engine parts –– accounted for 47.87 percent of all inbound shipments.

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

  • Oil rose 27.7 percent compared to last year to $197.86 million.
  • Civilian aircraft, parts fell 64.3 percent compared to last year to $105.44 million.
  • Low value shipments fell 1.95 percent compared to last year to $54.43 million.
  • Acyclic hydrocarbons rose 604.96 percent compared to last year to $49.16 million.
  • Aircraft engines, engine parts rose 266.74 percent compared to last year to $40.15 million.

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

  • Oil rose 3.21 percent compared to last year to $244.8 million.
  • Gasoline, other fuels rose 37.28 percent compared to last year to $215.23 million.
  • Fish fillets, chilled or frozen rose 5.84 percent compared to last year to $133.9 million.
  • Sutures, dental cements, etc. rose 546.36 percent compared to last year to $73.95 million.
  • Aircraft engines, engine parts rose 159.7 percent compared to last year to $69.71 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.