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Pricing

2023
Flag → Flag
Exports $282kRnk 40 / 76
2023
Flag → Flag
Top Product $77.8kExcavation Machinery
2023
Flag → Flag
Exports $8.47MRnk 112 / 205
2023
Flag → Flag
Top Product $1.99MLiquid Pumps
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC $6,678CURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 195
2023
Flag
GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Equatorial Guinea-Norway Trade: In 2023, Equatorial Guinea exported $282k to Norway. The main products that Equatorial Guinea exported to Norway were Excavation Machinery ($77.8k), Other Engines ($72.7k), and Engine Parts ($46.2k). Over the past 5 years the exports of Equatorial Guinea to Norway have decreased at an annualized rate of 2.33%, from $318k in 2018 to $282k in 2023.

In 2023, Equatorial Guinea did not export any services to Norway.

Norway-Equatorial Guinea Trade: In 2023, Norway exported $8.47M to Equatorial Guinea. The main products that Norway exported to Equatorial Guinea were Liquid Pumps ($1.99M), Navigation Equipment ($1.35M), and Electrical Transformers ($947k). Over the past 5 years the exports of Norway to Equatorial Guinea have increased at an annualized rate of 21.9%,  from $2.12M in 2018 to $8.47M in 2023.

In 2023, Norway did not export any services to Equatorial Guinea.

Comparison In 2023,  Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Equatorial Guinea exported $282k to Norway. The main products exported from Equatorial Guinea to Norway were Excavation Machinery ($77.8k), Other Engines ($72.7k), and Engine Parts ($46.2k). During the last 5 years the exports of Equatorial Guinea to Norway have decreased at an annualized rate of 2.33%, from $318k in 2018 to $282k in 2023.

In 2018, Norway exported $8.47M to Equatorial Guinea. The main products exported from Norway to Equatorial Guinea were Liquid Pumps ($1.99M), Navigation Equipment ($1.35M), and Electrical Transformers ($947k). During the last 5 years the exports of Norway to Equatorial Guinea have increased at an annualized rate of 21.9%, from $2.12M in 2023 to $8.47M in 2018.

Exports from Equatorial Guinea (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Equatorial Guinea (Flag) (2023)

Latest Data

Trade between Equatorial Guinea (Flag) and Norway (Flag)

Norway Exports

Market Competitiveness

Color
Equatorial Guinea
Top DestinationChina$1.37B
Norway
Top DestinationGermany$33.8B

This map shows whether countries import more from Equatorial Guinea or Norway. Each country is colored based on the difference in imports they receive from Equatorial Guinea and Norway or the difference in the growth in imports.

In 2023, countries that imported more from Equatorial Guinea than Norway included El Salvador ($27M) and Sao Tome and Principe ($1.6M).

In 2023, countries that imported more from Norway than Equatorial Guinea included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

Difference in imports from Norway (Flag) and Equatorial Guinea (Flag) (2023)

Comparative Advantage Equatorial Guinea - Norway

Flow
Scale

This chart compares trade between Equatorial Guinea and Norway by product, considering products traded by both, Equatorial Guinea and Norway.

During 2023, Equatorial Guinea had a large net trade with Norway in the exports of Machines ($240k), Instruments ($40.9k), and Textiles ($925).

During 2018, Norway had a large net trade with Equatorial Guinea in the exports of Machines ($6.24M), Animal Products ($774k), and Plastics and Rubbers ($473k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Equatorial Guinea Norway+$72.3kStone Processing Machines
Top Product Potential Norway Equatorial Guinea+$192kNon-fillet Frozen Fish

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Equatorial Guinea and Norway. This means that a dot/product with the flag of Equatorial Guinea indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Equatorial Guinea.

Product Space of Equatorial Guinea (Flag) and Norway (Flag) (2023)

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