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Norway

Norway ranked No. 43 in total trade value through May with a total of $4.59 billion. Exports totaled $1.66 billion and Imports totaled $2.93 billion, a deficit of $1.27 billion.

January – May 2019

Top Trading Ports

Total Trade: $4.59 billion

RankPortTotal YTD
1Port of Wilmington, Dela. $588,850,993
2Port of Houston $578,314,896
3Port of Newark $422,676,889
4Port of New Orleans $277,321,495
5John F. Kennedy International Airport $248,610,785
6Cleveland’s Hopkins International Airport, Ohio $170,849,515
7Houston’s George Bush Intercontinental Airport, Texas $166,766,218
8Chicago O’Hare International Airport $129,967,232
9Port of Baltimore, Md. $128,238,045
10Dallas-Fort Worth International Airport, Texas $121,131,193

U.S. trade with Norway rose to $4.59 billion through May

Norway’s trade with the United States rose to $4.59 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.8 percent below its total trade during the same time period last year. U.S. exports to Norway decreased 23.66 percent while U.S. imports from Norway rose 12.82 percent. The U.S. deficit with Norway was $1.27 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Wilmington, Dela.; No. 2 Port of Houston; 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 Houston and No. 5 Port of Beaumont, Texas. In the current time period, the top five accounted for 46.05 percent of Norway’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Wilmington, Dela. rose 15.57 percent to $588.85 million.
    There were no exports. Imports rose 15.58 percent to $588.85 million.
  • Trade with No. 2 Port of Houston rose 66.7 percent to $578.31 million.
    Exports rose 97.09 percent to $362.24 million. Imports rose 32.46 percent to $216.08 million.
  • Trade with No. 3 Port of Newark fell 22.23 percent to $422.68 million.
    Exports fell 24 percent to $74.86 million. Imports fell 21.84 percent to $347.82 million.
  • Trade with No. 4 Port of New Orleans rose 43.25 percent to $277.32 million.
    Exports rose 16.93 percent to $116.27 million. Imports rose 71.04 percent to $161.06 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 55.13 percent to $248.61 million.
    Exports rose 94.45 percent to $91.21 million. Imports rose 38.85 percent to $157.4 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 $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Norway by value through May were the categories of Oil; Civilian aircraft, parts; Low value shipments; Acyclic hydrocarbons; and Gasoline, other fuels, respectively. They accounted for 42.43 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 56.16 percent of all inbound shipments.

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

  • Oil fell 21.36 percent compared to last year to $333.38 million.
  • Civilian aircraft, parts fell 56.46 percent compared to last year to $168.5 million.
  • Low value shipments fell 15.72 percent compared to last year to $86.89 million.
  • Acyclic hydrocarbons rose 61.19 percent compared to last year to $60.66 million.
  • Gasoline, other fuels rose 145.25 percent compared to last year to $55.75 million.

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

  • Oil rose 18.43 percent compared to last year to $603.34 million.
  • Gasoline, other fuels rose 35.05 percent compared to last year to $578.83 million.
  • Fish fillets, chilled or frozen rose 5.12 percent compared to last year to $223.61 million.
  • Sutures, dental cements, etc. rose 621.8 percent compared to last year to $141.98 million.
  • Value added to a returned import rose 15.52 percent compared to last year to $99.49 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.