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2023
Flag → Flag
Exports $1.12MRnk 153 / 205
2023
Flag → Flag
Top Product $315kGas Turbines
2023
Flag → Flag
Exports $18.5kRnk 69 / 109
2023
Flag → Flag
Top Product $8.15kLiquid Pumps
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 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$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

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.

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.

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

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK2.66M and imported NOK0 from Guinea, resulting in a positive trade balance of NOK2.66M. Between December 2023 and December 2024 the exports of Norway have increased by NOK2.31M (646%) from NOK357k to NOK2.66M, while imports decreased by NOK-9k (-100%) from NOK9k to NOK0.

Trade In December 2024, the top exports of Norway to Guinea were Inorganic chemicals (NOK609k), General industrial machinery and equipment, n.e.s.,... (NOK61k), Road vehicles (including air-cushion vehicles) (NOK40k), Professional, scientific and controlling instruments and... (NOK28k), and Live animals other than animals of... (NOK0). In December 2024 the top imports of Norway from 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 increase in Norway's year-by-year exports to Guinea was explained primarily by an increase in product exports in . In December 2024, the decrease in Norway's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in Fixed vegetable fats and oils, crude,... (NOK-7k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK2.31M(646%)
IMPORT GROWTH (December 2023 - December 2024)NOK-9k(-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 Guinea and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.12M in 2023.

In 2018, 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 2023 to $18.5k in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

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

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

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

Comparative Advantage Norway - Guinea

Flow
Scale

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

During 2023, Norway had a large net trade with Guinea in the exports of Machines ($524k), Transportation ($490k), and Instruments ($37.4k).

During 2018, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Guinea+$182kCars
Top Product Potential Guinea Norway+$23kTropical Fruits

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

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

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