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

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Guinea-Norway Trade: In 2023, Guinea exported $18.5k to Norway. The main products that Guinea exported to Norway were Liquid Pumps ($8.15k), Interchangeable Tool Parts ($3.2k), and Palm Oil ($2.82k). Over the past 5 years the exports of Guinea to Norway have decreased at an annualized rate of 13%, from $37.2k in 2018 to $18.5k in 2023.

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

Norway-Guinea Trade: In 2023, Norway exported $1.12M to Guinea. The main products that Norway exported to Guinea were Gas Turbines ($315k), Cars ($264k), and Delivery Trucks ($218k). Over the past 5 years the exports of Norway to Guinea have increased at an annualized rate of 6.92%, from $799k in 2018 to $1.12M in 2023.

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

Comparison: In 2023, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guinea exported $18.5k to Norway. The main products exported from Guinea to Norway were Liquid Pumps ($8.15k), Interchangeable Tool Parts ($3.2k), and Palm Oil ($2.82k). During the last 5 years the exports of Guinea to Norway have decreased at an annualized rate of 13%, from $37.2k in 2018 to $18.5k in 2023.

In 2018, Norway exported $1.12M to Guinea. The main products exported from Norway to Guinea were Gas Turbines ($315k), Cars ($264k), and Delivery Trucks ($218k). During the last 5 years the exports of Norway to Guinea have increased at an annualized rate of 6.92%, from $799k in 2023 to $1.12M in 2018.

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

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

Latest Data

Trade between Guinea () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Guinea than Norway included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

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

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

Comparative Advantage Guinea - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with Norway in the exports of Machines ($11.2k), Metals ($3.2k), and Animal and Vegetable Bi-Products ($2.82k).

During 2018, Norway had a large net trade with Guinea in the exports of Machines ($524k), Transportation ($490k), and Instruments ($37.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Norway+$23kTropical Fruits

Top Product Potential Norway Guinea+$182kCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Guinea () and Norway ()

Norway Exports

Market Competitiveness

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

Comparative Advantage Guinea - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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