Guatemala (GTM) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Guatemala-Norway Trade: In 2022, Guatemala exported $14.4M to Norway. The main products that Guatemala exported to Norway were Coffee ($9.53M), Legumes ($2.2M), and Hard Liquor ($677k). Over the past 5 years the exports of Guatemala to Norway have decreased at an annualized rate of 7.32%, from $21.1M in 2017 to $14.4M in 2022.

In 2022, Guatemala did not export any services to Norway.

Norway-Guatemala Trade: In 2022, Norway exported $59.2M to Guatemala. The main products that Norway exported to Guatemala were Mixed Mineral or Chemical Fertilizers ($48.1M), Nitrogenous Fertilizers ($9.16M), and Live Fish ($571k). Over the past 5 years the exports of Norway to Guatemala have increased at an annualized rate of 31.4%, from $15.1M in 2017 to $59.2M in 2022.

In 2022, Norway did not export any services to Guatemala.

Comparison: In 2022, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $14.4M to Norway. The main products exported from Guatemala to Norway were Coffee ($9.53M), Legumes ($2.2M), and Hard Liquor ($677k). During the last 5 years the exports of Guatemala to Norway have decreased at an annualized rate of 7.32%, from $21.1M in 2017 to $14.4M in 2022.

In 2017, Norway exported $59.2M to Guatemala. The main products exported from Norway to Guatemala were Mixed Mineral or Chemical Fertilizers ($48.1M), Nitrogenous Fertilizers ($9.16M), and Live Fish ($571k). During the last 5 years the exports of Norway to Guatemala have increased at an annualized rate of 31.4%, from $15.1M in 2022 to $59.2M in 2017.

Exports from Guatemala () to Norway () (2022)

Exports from Norway () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Norway ()

Guatemala Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Guatemala than Norway included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

In 2022, countries that imported more from Norway than Guatemala included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and Guatemala () (2022)

Comparative Advantage Guatemala - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Norway in the exports of Vegetable Products ($12.4M), Foodstuffs ($1.25M), and Textiles ($762k).

During 2017, Norway had a large net trade with Guatemala in the exports of Chemical Products ($57.7M), Animal Products ($823k), and Foodstuffs ($382k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Norway+$2.64MCoffee

Top Product Potential Norway Guatemala+$538kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Norway () (2022)

Exports from Norway () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Norway ()

Guatemala Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Guatemala () (2022)

Comparative Advantage Guatemala - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Norway () (2022)

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