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Pricing

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

About

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 31.9%, from $2.12M in 2018 to $8.47M in 2023.

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

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.

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

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK87k and imported NOK0 from Equatorial Guinea, resulting in a positive trade balance of NOK87k. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-8.62M (-99%) from NOK8.71M to NOK87k, while imports decreased by NOK-141k (-100%) from NOK141k to NOK0.

Trade In December 2024, the top exports of Norway to Equatorial Guinea were Miscellaneous manufactured articles, n.e.s. (NOK2.34M), Machinery specialized for particular industries (NOK2.09M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK966k), Manufactures of metals, n.e.s. (NOK470k), and Fish (not marine mammals), crustaceans, molluscs... (NOK430k). In December 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 December 2024, the decrease in Norway's year-by-year exports to Equatorial Guinea was explained primarily by an decrease in product exports in Power-generating machinery and equipment (NOK-5.26M or -100%), Inorganic chemicals (NOK-308k or -100%), and General industrial machinery and equipment, n.e.s.,... (NOK-144k or -80.4%). In December 2024, the decrease in Norway's year-by-year imports  from Equatorial Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-8.62M(-99%)
IMPORT GROWTH (December 2023 - December 2024)NOK-141k(-100%)

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.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 31.9%, from $2.12M in 2018 to $8.47M in 2023.

In 2018, 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 2023 to $282k in 2018.

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

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

Market Competitiveness

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

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

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

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

Comparative Advantage Norway - Equatorial Guinea

Flow
Scale

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

During 2023, Norway had a large net trade with Equatorial Guinea in the exports of Machines ($6.24M), Animal Products ($774k), and Plastics and Rubbers ($473k).

During 2018, Equatorial Guinea had a large net trade with Norway in the exports of Machines ($240k), Instruments ($40.9k), and Textiles ($925).

Potential Exports

Potential Exports

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

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 Norway and Equatorial Guinea. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Equatorial Guinea. Similarly, a dot/product with the flag of Equatorial Guinea indicates it has a comparative advantage over Norway.

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

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