Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Norway

Norway ranked No. 42 in total trade value through June with a total of $5.83 billion. Exports totaled $2.14 billion and Imports totaled $3.69 billion, a deficit of $1.55 billion.

January – June 2019

Top Trading Ports

Total Trade: $5.83 billion

RankPortTotal YTD
1Port of Wilmington, Dela. $902,128,555
2Port of Houston $677,903,934
3Port of Newark $505,406,043
4Port of New Orleans $302,845,676
5John F. Kennedy International Airport $295,533,551
6Houston’s George Bush Intercontinental Airport, Texas $222,440,345
7Cleveland’s Hopkins International Airport, Ohio $207,757,663
8Port of Everett, Wash. $178,482,550
9Port of Perth Amboy, N.J. $161,424,664
10Chicago O’Hare International Airport $157,383,539

U.S. trade with Norway rose to $5.83 billion through June

Norway’s trade with the United States rose to $5.83 billion through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.8 percent above its total trade during the same time period last year. Norway’s exports decreased 16.15 percent while imports rose 16.25 percent. The U.S. deficit with Norway was $1.55 billion.

Through June, 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 Houston No. 4 Port of Baltimore, Md. and No. 5 Port of Beaumont, Texas. In the current time period, the top five accounted for 46 percent of Norway’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Wilmington, Dela. rose 42.11 percent to $902.13 million.
    There were no exports. Imports rose 42.12 percent to $902.13 million.
  • Trade with No. 2 Port of Houston rose 58.58 percent to $677.9 million.
    Exports rose 73.99 percent to $443.11 million. Imports rose 35.87 percent to $234.79 million.
  • Trade with No. 3 Port of Newark fell 26.32 percent to $505.41 million.
    Exports fell 26.48 percent to $87.43 million. Imports fell 26.28 percent to $417.97 million.
  • Trade with No. 4 Port of New Orleans rose 26.44 percent to $302.85 million.
    Exports rose 0.65 percent to $127.91 million. Imports rose 55.61 percent to $174.94 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 51.01 percent to $295.53 million.
    Exports rose 89.25 percent to $106.85 million. Imports rose 35.5 percent to $188.69 million.

Norway ranked No. 42 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 44.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 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 $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Norway by value through June were the categories of Oil; Civilian aircraft, parts; Low value shipments; Acyclic hydrocarbons; and Meteorological, hydraulic and survey equipment, respectively. They accounted for 46.72 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 59.19 percent of all inbound shipments.

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

  • Oil fell 21.11 percent compared to last year to $401.75 million.
  • Civilian aircraft, parts fell 19.83 percent compared to last year to $362.75 million.
  • Low value shipments fell 14.38 percent compared to last year to $103.27 million.
  • Acyclic hydrocarbons rose 56.45 percent compared to last year to $74.24 million.
  • Meteorological, hydraulic and survey equipment rose 22.4 percent compared to last year to $59.62 million.

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

  • Oil rose 48.67 percent compared to last year to $943.67 million.
  • Gasoline, other fuels rose 21.06 percent compared to last year to $680.07 million.
  • Fish fillets, chilled or frozen rose 3.51 percent compared to last year to $267.48 million.
  • Sutures, dental cements, etc. rose 612.59 percent compared to last year to $173.31 million.
  • Value added to a returned import rose 22.95 percent compared to last year to $120.41 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.