Norway (NOR) and Equatorial Guinea (GNQ) Trade | The Observatory of Economic Complexity

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Norway-Equatorial Guinea In 2022, Norway exported $4.95M to Equatorial Guinea. The main products that Norway exported to Equatorial Guinea are Iron Chains ($1.75M), Excavation Machinery ($500k), and Fish: dried, salted, smoked or in brine ($476k). During the last 27 years the exports of Norway to Equatorial Guinea have increased at an annualized rate of 6.34%, from $941k in 1995 to $4.95M in 2022.

In 2022, Norway did not export any services to Equatorial Guinea.

Equatorial Guinea-Norway In 2022, Equatorial Guinea exported $103k to Norway. The main products that Equatorial Guinea exported to Norway were Stone Processing Machines ($45.8k), Other Hand Tools ($33k), and Other Iron Products ($16.1k). During the last 27 years the exports of Equatorial Guinea to Norway have increased at an annualized rate of 8.02%, from $12.8k in 1995 to $103k in 2022.

In 2022, Equatorial Guinea did not export any services to Norway.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK11.8M and imported NOK190k from Equatorial Guinea, resulting in a positive trade balance of NOK11.6M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-14.3M (-54.8%) from NOK26.1M to NOK11.8M, while imports increased by NOK180k (1.8k%) from NOK10k to NOK190k.

Trade In February 2024, the top exports of Norway to Equatorial Guinea were Power-generating machinery and equipment (NOK5.26M), Inorganic chemicals (NOK308k), Professional, scientific and controlling instruments and... (NOK205k), General industrial machinery and equipment, n.e.s.,... (NOK179k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK78k). In February 2024 the top imports of Norway from Equatorial Guinea were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In February 2024, the decrease in Norway's year-by-year exports to Equatorial Guinea was explained primarily by an decrease in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-4.41M or -98.3%), Fish (not marine mammals), crustaceans, molluscs... (NOK-1.05M or -100%), and General industrial machinery and equipment, n.e.s.,... (NOK-134k or -42.8%). In February 2024, the increase in Norway's year-by-year imports from Equatorial Guinea was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-14.3M(-54.8%)

IMPORT GROWTH (February 2023 - February 2024)NOK180k(1.8k%)

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $4.95M to Equatorial Guinea. The main products exported from Norway to Equatorial Guinea were Iron Chains ($1.75M), Excavation Machinery ($500k), and Fish: dried, salted, smoked or in brine ($476k). During the last 27 years the exports of Norway to Equatorial Guinea have increased at an annualized rate of 6.34%, from $941k in 1995 to $4.95M in 2022.

In 2022, Equatorial Guinea exported $103k to Norway. The main products exported from Equatorial Guinea to Norway were Stone Processing Machines ($45.8k), Other Hand Tools ($33k), and Other Iron Products ($16.1k). During the last 25 years the exports of Equatorial Guinea to Norway have increased at an annualized rate of 8.02%, from $12.8k in 1997 to $103k in 2022.

Exports from Norway () to Equatorial Guinea () (2022)

Exports from Equatorial Guinea () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Equatorial Guinea
Top DestinationZambia$1.84B

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

In 2021, countries that imported more from Norway than Equatorial Guinea were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Equatorial Guinea than Norway were Zambia ($1.84B), Chile ($413M), and Argentina ($170M).

Difference in imports from Equatorial Guinea () and Norway () (2022)

Comparative Advantage Norway - Equatorial Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Equatorial Guinea in the exports of Metals ($2.32M), Machines ($1.65M), and Animal Products ($828k).

During 2022, Equatorial Guinea had a large net trade with Norway in the exports of Machines ($53.7k), Metals ($49.1k), and Footwear and Headwear ($148).

Economic Complexity

Competitive Landscape

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 Equatorial Guinea. Similarly, the more yellow a dot/product is, the more Equatorial Guinea has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Equatorial Guinea () (2022)

Exports from Equatorial Guinea () to Norway () (2022)

Market Competitiveness

Difference in imports from Equatorial Guinea () and Norway () (2022)

Comparative Advantage Norway - Equatorial Guinea

Economic Complexity

Competitive Landscape

Product Space of Norway () and Equatorial Guinea () (2022)

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