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Norway

Norway ranked No. 43 in total trade value through October with a total of $10.18 billion. Exports totaled $4.64 billion and Imports totaled $5.55 billion, a deficit of $907.69 million.

January – October 2018

Top Trading Ports

Total Trade: $10.18 billion

RankPortTotal YTD
1Port of Wilmington, Dela. $1,187,568,320
2Port of Newark $1,113,859,536
3Port of Baltimore, Md. $911,737,504
4Port of Houston $666,550,566
5Seattle-Tacoma International Airport $554,453,202
6Port of Charleston $529,610,932
7Port of Beaumont, Texas $473,926,612
8John F. Kennedy International Airport $352,640,496
9Port of New Orleans $337,809,257
10Houston’s George Bush Intercontinental Airport, Texas $299,546,335

U.S. trade with Norway rose to $10.18 billion through October

Norway’s trade with the United States rose to $10.18 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.26 percent above its total trade during the same time period last year. Norway’s exports increased 1.97 percent while imports rose 29.37 percent. The U.S. deficit with Norway was $907.69 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Wilmington, Dela.; No. 2 Port of Newark; No. 3 Port of Baltimore, Md.; No. 4 Port of Houston; and No. 5 Seattle-Tacoma International Airport. During the same period the previous year, the top five were No. 1 Seattle-Tacoma International Airport No. 2 Port of Everett, Wash. No. 3 Port of Newark No. 4 Port of Wilmington, Dela. and No. 5 Port of Charleston. In the current time period, the top five accounted for 43.54 percent of Norway’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Wilmington, Dela. rose 117.51 percent to $1.19 billion.
    Exports rose 66.67 percent to $32,760. Imports rose 117.51 percent to $1.19 billion.
  • Trade with No. 2 Port of Newark rose 41.15 percent to $1.11 billion.
    Exports fell 2.34 percent to $195.06 million. Imports rose 55.88 percent to $918.8 million.
  • Trade with No. 3 Port of Baltimore, Md. rose 93.78 percent to $911.74 million.
    Exports rose 164.04 percent to $655.33 million. Imports rose 15.34 percent to $256.4 million.
  • Trade with No. 4 Port of Houston rose 42.87 percent to $666.55 million.
    Exports rose 94.65 percent to $306.11 million. Imports rose 16.54 percent to $360.44 million.
  • Trade with No. 5 Seattle-Tacoma International Airport fell 47.29 percent to $554.45 million.
    Exports fell 49.69 percent to $505.88 million. Imports rose 4.46 percent to $48.58 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. 46.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Norway by value through October were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Oil; Low value shipments; and Acyclic hydrocarbons, respectively. They accounted for 60.65 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; Fish, fresh or chilled; and Value added to a returned import –– accounted for 56.43 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 57.27 percent compared to last year to $1.05 billion.
  • Motor vehicles for transporting people rose 135.19 percent compared to last year to $777.07 million.
  • Oil rose 746.66 percent compared to last year to $686.01 million.
  • Low value shipments rose 70.17 percent compared to last year to $199.85 million.
  • Acyclic hydrocarbons fell 3.07 percent compared to last year to $98.85 million.

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

  • Oil rose 41.42 percent compared to last year to $1.19 billion.
  • Gasoline, other fuels rose 53.46 percent compared to last year to $1.15 billion.
  • Fish fillets, chilled or frozen rose 6.23 percent compared to last year to $432.08 million.
  • Fish, fresh or chilled rose 35.26 percent compared to last year to $188.21 million.
  • Value added to a returned import rose 4.83 percent compared to last year to $170.64 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.