Statistics

Annual Report: N0. 19 Norway- Symbiotic relationship

July 6th, 2006

Houston and Norway find common ground in the energy field.

The northern country of Norway and subtropical Houston might are very different places. But there is a tie that binds: oil. Norway has it, and Houston processes and ships it.

U.S. trade with Norway in 2005 reflected that connection. Houston was the leading gateway for goods coming from or going to Norway. Some $2.2 billion of Norway’s $8.7 billion in total U.S. trade came through this Gulf Coast city and its surrounding area.

Imports of Norwegian crude oil accounted for more than half the trade with Houston and reflected a 43 percent spike in dollar value compared with Norwegian oil imports in 2004.

Norway also exported $431 million in petroleum gases through Houston in 2005, a gain of almost 190 percent. Imports of refined oil rose nearly 200 percent to $116 million.

More than 40 Norwegian firms took part in Houston’s Offshore Technology Conference in May – a record. About 90 Norwegian companies, mostly in the oil, gas and chemical sectors, operate in Houston, said Helle Hammer, commercial counselor at the Royal Norwegian Consulate General in Houston. Among them are oil giants, Statoil and Norsk Hydro.

"There’s a lot of activity going on," Hammer said. "We’re trying to keep track of all the companies inquiring about the market."

Houston’s exports were also tied to the oil industry. Exports of machinery parts rose 42 percent to $117 million while artificial corundum and aluminum oxide and hydroxide exports fell 50 percent to $25.3 million.

Houston likely to be No. 4 Customs district for 2006 (01/25/2007)

Houston exports see notable increase in third quarter (12/11/2006)

Semi-annual report: Houston growth at faster clip than most (09/08/2006)

Here comes China! Imports rise 85%, catapault it to No. 3 overall (07/07/2006)

Annual Report: No. 21 Angola- Mutual benefits (07/06/2006)

Annual Report: No. 20 Japan- Houston woos and wins Japan (07/06/2006)

Annual Report: N0. 19 Norway- Symbiotic relationship (07/06/2006)

Annual Report: No. 18 Kuwait- Embracing Mideast opportunities (07/06/2006)

Annual Report: No. 2 Venezuela - Beyond the politicians (07/06/2006)

Annual Report: No. 17 Italy- From leather to nuts (07/06/2006)

Annual Report: No. 16 France- Outpaced by oil-rich nations (07/06/2006)

Annual Report: No. 3 Nigeria - Oil lubricates market (07/06/2006)

Annual Report: No. 15 Colombia- Coffee perks up trade (07/06/2006)

Annual Report: No. 14 Belgium- Scoring with petrochemicals (07/06/2006)

Annual Report: No.13 Russia- Imports, exports, up double digits (07/06/2006)

Annual Report: No. 4 China - Trade skyrockets (07/06/2006)

Annual Report: No. 12 South Korea- Fine-tuning a trade balance (07/06/2006)

Annual Report: No. 11 Iraq- Rebuilding Iraq thanks to oil (07/06/2006)

Annual Report: No. 5 United Kingdom - Setting a fast pace in trade (07/06/2006)

Annual Report: No. 10 Algeria- Algeria ties its fortunes to oil (07/06/2006)

Annual Report: No. 6 Germany - Cars add to spark-fired trade (07/06/2006)

Annual Report: No. 9 The Netherlands- Getting a line to Europe (07/06/2006)

Annual Report: No. 7 Saudi Arabia (07/06/2006)

Annual Report: No. 8 Brazil- New U.S. gateway for Brazil (06/14/2006)

1Q: China, Algeria, Colombia lead way as trade increases 14% (06/02/2006)

Houston is the nation's fastest growing Customs district for 2005, with a 30 percent gain in total import and export value (03/15/2006)

Houston's trade surges
No surprise - it's all about the price of oil (01/01/2006)