Norway (NOR) and Guyana (GUY) Trade | The Observatory of Economic Complexity

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Norway-Guyana Trade: In 2023, Norway exported $16.5M to Guyana. The main products that Norway exported to Guyana were Thermostats ($2.66M), Delivery Trucks ($2.19M), and Titanium Ore ($1.53M). Over the past 5 years the exports of Norway to Guyana have increased at an annualized rate of 45.3%, from $2.55M in 2018 to $16.5M in 2023.

In 2023, Norway did not export any services to Guyana.

Guyana-Norway Trade: In 2023, Guyana exported $2.05M to Norway. The main products that Guyana exported to Norway were Lifting Machinery ($700k), Iron Pipes ($376k), and Other Iron Products ($180k). Over the past 5 years the exports of Guyana to Norway have increased at an annualized rate of 168%, from $14.8k in 2018 to $2.05M in 2023.

In 2023, Guyana 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, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK43.8M and imported NOK343k from Guyana, resulting in a positive trade balance of NOK43.4M. Between January 2024 and January 2025 the exports of Norway have increased by NOK31.6M (260%) from NOK12.2M to NOK43.8M, while imports decreased by NOK-7.07M (-95.4%) from NOK7.42M to NOK343k.

Trade In January 2025, the top exports of Norway to Guyana were Telecommunications and sound-recording and reproducing apparatus... (NOK3.53M), Professional, scientific and controlling instruments and... (NOK2.43M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.14M), Other transport equipment (NOK2.07M), and Office machines and automatic data-processing machines (NOK493k). In January 2025 the top imports of Norway from Guyana were General industrial machinery and equipment, n.e.s.,... (NOK7.21M), Professional, scientific and controlling instruments and... (NOK143k), Beverages (NOK63k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In January 2025, the increase in Norway's year-by-year exports to Guyana was explained primarily by an increase in product exports in Telecommunications and sound-recording and reproducing apparatus... (NOK3.45M or 4.01k%), Professional, scientific and controlling instruments and... (NOK2.42M or 24.2k%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.09M or 5.11k%). In January 2025, the decrease in Norway's year-by-year imports from Guyana was explained primarily by an decrease in product imports in Machinery specialized for particular industries (NOK-6k or -100%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2024 - January 2025)NOK31.6M(260%)

IMPORT GROWTH (January 2024 - January 2025)NOK-7.07M(-95.4%)

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 Guyana 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 2023, Norway exported $16.5M to Guyana. The main products exported from Norway to Guyana were Thermostats ($2.66M), Delivery Trucks ($2.19M), and Titanium Ore ($1.53M). During the last 5 years the exports of Norway to Guyana have increased at an annualized rate of 45.3%, from $2.55M in 2018 to $16.5M in 2023.

In 2018, Guyana exported $2.05M to Norway. The main products exported from Guyana to Norway were Lifting Machinery ($700k), Iron Pipes ($376k), and Other Iron Products ($180k). During the last 5 years the exports of Guyana to Norway have increased at an annualized rate of 168%, from $14.8k in 2023 to $2.05M in 2018.

Exports from Norway () to Guyana () (2023)

Exports from Guyana () to Norway () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$33.8B

Guyana
Top DestinationUnited States$3.51B

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

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

In 2023, countries that imported more from Guyana than Norway included Trinidad and Tobago ($1.9B), Singapore ($1.66B), and Panama ($519M).

Difference in imports from Guyana () and Norway () (2023)

Comparative Advantage Norway - Guyana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Norway had a large net trade with Guyana in the exports of Machines ($6.55M), Instruments ($3.16M), and Transportation ($3.06M).

During 2018, Guyana had a large net trade with Norway in the exports of Machines ($1.16M), Metals ($700k), and Instruments ($166k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Norway and Guyana. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Guyana. Similarly, a dot/product with the flag of Guyana indicates it has a comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Guyana () (2023)

Exports from Guyana () to Norway () (2023)

Market Competitiveness

Difference in imports from Guyana () and Norway () (2023)

Comparative Advantage Norway - Guyana

Economic Complexity

Competitive Landscape

Product Space of Norway () and Guyana () (2023)

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