Flag Norway / Guinea Flag

2021
FlagFlag
Exports
: $1.02M, Rnk 152 / 204

2021
FlagFlag
Top Product
: $327k, Cars

2021
FlagFlag
Exports
: $1.09M, Rnk 32 / 104

2021
FlagFlag
Top Product
: $1.08M, Bran

2021
Flag
Economic Complexity (ECI)
: ECI 0.69, Rnk 38 / 131

2021
Flag
Economic Complexity (ECI)
: ECI -1.84, Rnk 130 / 131

2021
Flag  
GDP
: $482B, CURRENT US$
Rnk 27 / 182

2011-2021
Flag
GDP GROWTH
: -3.18%, CURRENT US$
Rnk 156 / 182

2021
Flag
 GDP
: $15.9B, CURRENT US$
Rnk 122 / 182

2011-2021
Flag
GDP GROWTH
: 134%, CURRENT US$
Rnk 7 / 182

2021
Flag
GDP PC 
: $89,203, CURRENT US$
Rnk 5 / 182

2011-2021
Flag
GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 150 / 182

2021
Flag
GDP PC
: $1,174, CURRENT US$
Rnk 157 / 182

2011-2021
Flag
GDP PC GROWTH
: 80.4%, CURRENT US$
Rnk 13 / 182

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

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Bilateral Trade by Products

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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.

Market Competitiveness

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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).

Comparative Advantage Norway - Guinea

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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

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Competitive Landscape

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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.