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Trade between Norway and the United States

In 2024, Norway exported $6.1 billion to the United States and imported $7.4 billion. Norway ran a deficit of $1.2 billion with the United States, compared with a deficit of $267 million in 2019. The United States was Norway’s 7th largest trading partner (5% of its trade), and Norway was the United States’ 44th (0.3%).

Summary

Norway → United States
$6.1billion
United States → Norway
$7.4billion
Norway’s balance
-$1.2billion

Balance

Norway’s trade balance with the United States

Trade between Norway and the United States grew 2.6-fold since 1995

USD billions (current). Norway’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 6.1
  • Imports 7.4
  • Balance -1.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$3.1 billion$2.1 billion$991 million
1996$4 billion$2.1 billion$1.9 billion
1997$3.9 billion$2.4 billion$1.5 billion
1998$3 billion$2.9 billion$67 million
1999$4.1 billion$2.7 billion$1.4 billion
2000$5.5 billion$2.8 billion$2.8 billion
2001$5.2 billion$2.3 billion$2.8 billion
2002$6.1 billion$2.1 billion$3.9 billion
2003$5.9 billion$2.1 billion$3.8 billion
2004$6.9 billion$2.3 billion$4.5 billion
2005$7.2 billion$2.7 billion$4.5 billion
2006$7.3 billion$3.4 billion$3.9 billion
2007$7.8 billion$3.6 billion$4.2 billion
2008$7.5 billion$4.6 billion$3 billion
2009$6 billion$3.9 billion$2 billion
2010$7.5 billion$4.1 billion$3.3 billion
2011$8.8 billion$4.7 billion$4.1 billion
2012$6.7 billion$4.6 billion$2.2 billion
2013$5.9 billion$4.6 billion$1.2 billion
2014$5.5 billion$5.3 billion$294 million
2015$5.2 billion$4.9 billion$272 million
2016$4.4 billion$4.3 billion$43 million
2017$5.4 billion$5.4 billion-$73 million
2018$6.6 billion$6.4 billion$272 million
2019$6.2 billion$6.5 billion-$267 million
2020$3.9 billion$5.1 billion-$1.2 billion
2021$5.8 billion$6.1 billion-$249 million
2022$6.4 billion$6.1 billion$327 million
2023$6.1 billion$7 billion-$833 million
2024$6.1 billion$7.4 billion-$1.2 billion

What they sell each other

What Norway sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$1.1 billion · 18.6%
    1.5 million tonnes · Norway’s destinations
  2. Fish fillets$950 million · 15.5%
    57 thousand tonnes
  3. Crude petroleum$330 million · 5.4%
    404 thousand tonnes · Norway’s destinations
  4. Unwrought nickel$222 million · 3.6%
    13 thousand tonnes
  5. Fresh fish$217 million · 3.6%
    19 thousand tonnes
  6. Ferroalloys$154 million · 2.5%
    96 thousand tonnes · the United States’ sources
  7. Other plastic articles$143 million · 2.3%
    343 tonnes
  8. Nitrogen fertilizers$117 million · 1.9%
    514 thousand tonnes
  9. Natural gas and LPG$96 million · 1.6%
    177 thousand tonnes
  10. Cobalt$95 million · 1.6%
    2 thousand tonnes

What the United States sells to Norway

The top 10 headings in 2024, with their share of the total.

  1. Airplanes and helicopters$676 million · 9.2%
    143 tonnes · the United States’ destinations
  2. Turbojets and gas turbines$643 million · 8.7%
    367 tonnes · the United States’ destinations
  3. Refined petroleum$521 million · 7.1%
    596 thousand tonnes · the United States’ destinations
  4. Computers$440 million · 6%
    449 tonnes · the United States’ destinations
  5. Crude petroleum$375 million · 5.1%
    597 thousand tonnes · the United States’ destinations
  6. Open-chain hydrocarbons$304 million · 4.1%
    1.1 million tonnes
  7. Aircraft parts$211 million · 2.9%
    231 tonnes
  8. 272 tonnes · the United States’ destinations
  9. 637 tonnes · the United States’ destinations
  10. Cars$137 million · 1.9%
    5 thousand tonnes · the United States’ destinations

How it travels

Estimated sea route from Oslo to Los Angeles.

The estimated sea route between Oslo and Los Angeles is 8,249 nautical miles (15,277 km) long: ≈ 19–24.5 days at sea (at 18 and 14 knots).

Passages it crosses: Panama Canal.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$7.6 billion · 56.4%
  2. Air$5.9 billion · 43.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Norway’s 7th largest trading partner (5% of its trade), and Norway was the United States’ 44th (0.3%).

The United States in Norway’s trade
5%
The United States’ rank among Norway’s partners
7th
Norway in the United States’ trade
0.3%
Norway’s rank among the United States’ partners
44th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.