Norway (NOR) and Guinea (GIN) Trade | OEC - The Observatory of Economic Complexity

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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).

Latest Trends

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April, 2023

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Overview In April 2023, Norway exported NOK659k and imported NOK783k from Guinea, resulting in a negative trade balance of NOK124k. Between April 2022 and April 2023 the exports of Norway have decreased by NOK-321k (-32.8%) from NOK980k to NOK659k, while imports increased by NOK779k (19.5k%) from NOK4k to NOK783k.

Trade In April 2023, the top exports of Norway to Guinea were Road vehicles (including air-cushion vehicles) (NOK217k), Machinery specialized for particular industries (NOK100k), Rubber manufactures, n.e.s. (NOK65k), Power-generating machinery and equipment (NOK6k), and Non-metallic mineral manufactures, n.e.s. (NOK5k). In April 2023 the top imports of Norway from Guinea were Feeding stuff for animals (not including... (NOK1.96M), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In April 2023, the decrease in Norway's year-by-year exports to Guinea was explained primarily by an decrease in product exports in Plastics in primary forms (NOK-1.04M or -100%), Road vehicles (including air-cushion vehicles) (NOK-86k or -28.4%), and Furniture, and parts thereof; bedding, mattresses,... (NOK-7k or -58.3%). In April 2023, the increase in Norway's year-by-year imports from Guinea was explained primarily by an increase in product imports in .

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (April 2022 - April 2023): NOK-321k, (-32.8%)

IMPORT GROWTH (April 2022 - April 2023): NOK779k, (19.5k%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Guinea and Norway trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

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

SectionYear

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

Year

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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Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Guinea

Economic Complexity

Competitive Landscape

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