What are the major imports of Norway?

Imports The top imports of Norway are Cars ($5.5B), Refined Petroleum ($2.76B), Broadcasting Equipment ($1.81B), Petroleum Gas ($1.72B), and Crude Petroleum ($1.64B), importing mostly from Sweden ($14.8B), Germany ($10.3B), China ($6.73B), Denmark ($5.8B), and United States ($5.3B).

What are Norway’s major imports and exports?

Economy of Norway

Statistics
Export goods petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish
Main export partners United Kingdom 21.1% Germany 15.5% Netherlands 9.9% Sweden 6.6% France 6.4% Belgium 4.8% Denmark 4.7% United States 4.6% (2017)
Imports $95.06 billion (2017 est.)

What do we export to Norway?

The top export categories (2-digit HS) in 2019 were: vehicles ($796 million), aircraft ($721 million), machinery ($623 million), mineral fuels ($332 million), and electrical machinery ($325 million). U.S. total exports of agricultural products to Norway totaled $95 million in 2019.

What does US export to Norway?

U.S. exports to Norway include aircraft, mineral fuels, vehicles, machinery, and optic and medical instruments. U.S. imports from Norway include mineral fuels, fish and seafood, machinery, and optical and medical instruments.

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Is Norway a net importer or exporter?

Norway used more energy than it produced domestically in 2019, making the country a net importer of power for the first time since 2010. Although Norway went from an exporting country to an importing country in terms of energy, the net quantity of electricity that was purchased was relatively small.

What are the products of Norway?

Searchable List of Norway’s Most Valuable Export Products

Rank Norwegian Export Product Change
1 Crude oil -20.5%
2 Petroleum gases -35.4%
3 Whole fish (fresh) -11.3%
4 Processed petroleum oils -39.4%

What are the main products of Norway?

Norway’s major export products are gas and oil, which have an export value of more than NOK 312 billion, or 46 per cent of the country’s total exports in 2000. Machinery and means of transport manufactured by the mechanical-engineering industry contribute around NOK 49 billion to Norway’s export revenues.

What does Norway import from other countries?

Norway’s Top 5 Commodity Imports

  • Refined Petroleum – $2.5 billion.
  • Crude Petroleum – $1.6 billion.
  • Iron Structures – $1.5 billion.
  • Nickel Mattes – $1.3 billion.
  • Aluminum Oxide – $875 million.

What food does Norway export?

Most of Norway’s export is fresh and frozen fish, both in quantity and value. A large part of the value derives from salted, dried or smoked fish. The most valuable species are salmon and cod.

What is Norway famous for food?

Norwegian Food: 15 Most Popular and Traditional Dishes

  • 1 – Fårikål – Mutton and Cabbage.
  • 2 – Lapskaus – Stew.
  • 3 – Kjøttkaker – Meatballs.
  • 4 – Smalahove – Sheep’s Head.
  • 5 – Rømmegrøt – Sour Cream Porridge.
  • 6 – Raspeball – Potato Dumpling.
  • 7 – Pinnekjøtt – Dried Lamb Ribs.
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Does the US protect Norway?

The United States and Norway have a strong and longstanding bilateral relationship based on mutual interests and common values. The trans-Atlantic link remains the cornerstone of Norwegian security, and our two countries cooperate closely on almost every aspect of military operations.

What countries trade with Norway?

Norway trade balance, exports and imports by country

In 2016, Norway major trading partner countries for exports were United Kingdom, Germany, Netherlands, France and Sweden and for imports they were Germany, Sweden, China, United States and Denmark.

What currency does Norway use?

Currency of Norway

The Norwegian currency is Norwegian Kroner (NOK). 1 NOK is divided into 100 øre (cents). Coins are circulated in the following denominations: 1 krone, 5 kroner, 10 kroner and 20 kroner.

Does Norway import electricity?

Norway has imported up to 10% of its electricity production during 2004-2009. According to IEA in 2015 Norway exports about 15% of its electricity generation and imports about 5%, and the net electricity export was 14.645 TWh. … Norway’s grid is connected with the 700 MW NorNed-cable to the Netherlands.

Is Norway an open economy?

Norway has an open economy, based on extensive trade. The Norwegian authorities manage Norway’s oil and gas revenues to the benefit of society as a whole. A large proportion of these revenues is channelled into Norway’s sovereign wealth fund, the Government Pension Fund Global.