Norway is situated in the northern side of Europe next to Sweden. It extends about 1,100 miles from the North Sea along the Norwegian Sea to more than 300 miles above the Arctic Circle (2). Norway is not part of the European Union.
Norway’s natural resources include petroleum, copper, natural gas, pyrites, nickel, iron ore, zinc, lead, fish, timber and hydropower (2). Its economy is structured as followed (in % of GDP): services 64%, industry 33.7% and agriculture 2.3% (2017) (7).
Norway’s agriculture products include barley, wheat, potatoes, pork, beef, veal, milk and fish (1). Its industries include petroleum and gas, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles and fishing (1).
Norway’s top exports commodities include mineral fuels including oil, fish, machinery including computers, aluminum, electrical machinery, equipment, optical, technical, medical apparatus, iron, steel, nickel, organic chemicals, ships, and boats (8).
Norway’s mains ports and terminals are Bergen, Drammen, Floro, Hammerfest, Harstad, Haugesund, Kristiansand, Larvik, Narvik, Oslo, Porsgrunn, Stavanger, Troms and, Trondheim (2).
Norway was the United States' 43rd largest goods trading partner with $12.2 billion in total goods trade during 2018. In 2018, Norway was the United States' 43rd largest goods export market (9). And in 2012, United-States was Norway’s 4th main import and 8th largest export partner (1).
The US is Norway’s most important ally; they work closely together on a wide range of important issues. The United States and Norway have a dynamic economic partnership that is creating jobs, driving the development of safe and secure energy sources, and fostering a healthy environment (4).
United States’ goods and services trade with Norway in 2017: $16.6 billion (3)
United States’ goods and services import from Norway in 2017: $8.1 billion (3)
United States’ goods and services export to Norway in 2012: $8.5 billion (3)
U.S. foreign direct investment (FDI) in Norway (stock) was $29.2 billion in 2017, a 0.1% decrease from 2016. U.S. direct investment in Norway is led by mining, information services, and manufacturing.
Norway owns 3 companies in Tampa Bay (6).