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Norway
| Economy Overview |
| Norway is on the northern edge of the European continent and the eastern edge of the Scandinavian Peninsula. More than 50% of its border is the maritime coast of the Barents, Norwegian and North Seas.
Norway is not a member of the European Union. Together with Iceland, Liechtenstein and Switzerland, it is part of the European Free Trade Association http://www.efta.int/. But because Norway is also a member of the European Economic Area http://www.efta.int/content/eea, economic rules are the same as the European Union for several industry sectors.
Norway is a small country of only 4.8 million inhabitants. Nevertheless, the country is the third largest oil exporter in the world and the second largest seafood exporter. 60% of the country’s trade is with other European countries. Services such as maritime freight, finance and services to enterprises make up 50% of Norway’s GDP.
To evaluate business opportunities with Norway visit Nortrade http://www.nortrade.com, the official Norwegia |
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| Economy Statistics |
| Exports: |
$76.64 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
petroleum and petroleum products, machinery and equipment, metals, chemicals, ships, fish [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
UK 22.4%, Germany 12.9%, Netherlands 9.9%, France 9.6%, US 8.4%, Sweden 6.7% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$45.96 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
machinery and equipment, chemicals, metals, foodstuffs [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
Sweden 15.7%, Germany 13.6%, Denmark 7.3%, UK 6.5%, China 5%, US 4.9%, Netherlands 4.4%, France 4.3%, Finland 4.1% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Oslo Chamber of Commerce |
| Address: |
Drammensvn. 30, 0255 Oslo |
| Phone: |
22 12 94 00 |
| Fax: |
22 12 94 01 |
| Website: |
http://www.chamber.no/ |
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