2021
Flag  
GDP
$490BCURRENT US$
Rnk 26 / 204
2011-2021
Flag
GDP GROWTH
-2.21%CURRENT US$
Rnk 172 / 204
2021
Flag
 GDP
$16.1BCURRENT US$
Rnk 124 / 204
2011-2021
Flag
GDP GROWTH
137%CURRENT US$
Rnk 5 / 204
2021
Flag
GDP PC 
$90,655CURRENT US$
Rnk 7 / 204
2011-2021
Flag
GDP PC GROWTH
-10.4%CURRENT US$
Rnk 166 / 204
2021
Flag
GDP PC
$1,189CURRENT US$
Rnk 179 / 204
2011-2021
Flag
GDP PC GROWTH
84.5%CURRENT US$
Rnk 14 / 204

About

Norway-Guinea In 2021, Norway exported $1.02M to Guinea. The main products that Norway exported to Guinea are Cars ($327k), Non-fillet Frozen Fish ($184k), and Large Construction Vehicles ($171k). During the last 26 years the exports of Norway to Guinea have decreased at an annualized rate of 2.61%, from $2.03M in 1995 to $1.02M in 2021.

In 2021, Norway did not export any services to Guinea.

Guinea-Norway In 2021, Guinea exported $1.09M to Norway. The main products that Guinea exported to Norway were Bran ($1.08M), Locust beans, seaweed, sugar beet, cane, for food ($4.17k), and Palm Oil ($3k). During the last 26 years the exports of Guinea to Norway have decreased at an annualized rate of 7.44%, from $8.14M in 1995 to $1.09M in 2021.

In 2021, Guinea did not export any services to Norway.

Comparison In 2021,  Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B). That same year, Guinea ranked 130 in the Economic Complexity Index (ECI -1.84), and 98 in total exports ($9.49B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Norway exported $1.02M to Guinea. The main products exported from Norway to Guinea were Cars ($327k), Non-fillet Frozen Fish ($184k), and Large Construction Vehicles ($171k). During the last 26 years the exports of Norway to Guinea have decreased at an annualized rate of 2.61%, from $2.03M in 1995 to $1.02M in 2021.

In 2021, Guinea exported $1.09M to Norway. The main products exported from Guinea to Norway were Bran ($1.08M), Locust beans, seaweed, sugar beet, cane, for food ($4.17k), and Palm Oil ($3k). During the last 26 years the exports of Guinea to Norway have decreased at an annualized rate of 7.44%, from $8.14M in 1995 to $1.09M in 2021.

Exports from Norway (Flag) to Guinea (Flag) (2021)

Exports from Guinea (Flag) to Norway (Flag) (2021)

Market Competitiveness

Color
Norway
Top Destination
United Kingdom$33.5B
Guinea
Top Destination
India$3.41B

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

In 2021, countries that imported more from Norway than Guinea were United Kingdom ($33.5B), Germany ($31.5B), and Sweden ($13.7B).

In 2021, countries that imported more from Guinea than Norway were United Arab Emirates ($2.55B), India ($3.41B), and Lebanon ($38.6M).

Difference in imports from Guinea (Flag) and Norway (Flag) (2021)

Comparative Advantage Norway - Guinea

Flow
Scale

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

During 2021, Norway had a large net trade with Guinea in the exports of Transportation ($426k), Machines ($320k), and Animal Products ($203k).

During 2021, Guinea had a large net trade with Norway in the exports of Foodstuffs ($1.08M), Vegetable Products ($7.88k), and Animal and Vegetable Bi-Products ($3k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Guinea. Similarly, the more yellow a dot/product is, the more Guinea has comparative advantage over Norway.

Product Space of Norway (Flag) and Guinea (Flag) (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with