U.S. Imports of Goods by Customs Basis from Norway
IMP4039 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
497.01
Year-over-Year Change
-19.35%
Date Range
1/1/1985 - 7/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from Norway metric tracks the value of physical goods imported from Norway to the United States. This measure is important for assessing trade flows and Norway's role in the U.S. import market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the dollar value of merchandise imports to the U.S. from Norway, based on customs valuation. It is a key data point for analyzing bilateral trade between the two countries and Norway's contribution to the U.S. import supply chain.
Methodology
The data is collected through U.S. Customs and Border Protection documentation and import entry processing.
Historical Context
This metric is closely watched by trade analysts, policymakers, and market participants to understand evolving trade dynamics.
Key Facts
- Norway is the 25th largest source of U.S. imports.
- U.S. imports from Norway have increased by 25% over the past decade.
- Petroleum products account for over 60% of U.S. imports from Norway.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods imported from Norway to the United States, based on customs declarations and entry processing.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding bilateral trade flows, Norway's role in the U.S. import market, and broader macroeconomic trends.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Customs and Border Protection import entry documentation.
Q: How is this trend used in economic policy?
A: This metric is closely watched by trade analysts, policymakers, and market participants to assess evolving trade dynamics between the U.S. and Norway.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag, which is typical for U.S. trade statistics.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
CPHPTT01NOA659N
Employment to Population Rate: All Ages: Females for Norway
LREPTTFENOQ156S
Residential Property Prices for Norway
QNON628BIS
Harmonized Index of Consumer Prices: Food for Norway
CP0110NOM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
NORCPIHICMINMEI
Infra-Annual Labor Statistics: Working-Age Population Female: From 55 to 64 Years for Norway
LFWA55FENOA647N
Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Norway (IMP4039), retrieved from FRED.