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2022
Flag → Flag
Exports $681kRnk 164 / 209
2022
Flag → Flag
Top Product $190kCars
2022
Flag → Flag
Exports $216kRnk 48 / 105
2022
Flag → Flag
Top Product $204kBran
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
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GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
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GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Norway-Guinea Trade: In 2022, Norway exported $681k to Guinea. The main products that Norway exported to Guinea were Cars ($190k), Stone Processing Machines ($138k), and Non-fillet Frozen Fish ($58.4k). Over the past 5 years the exports of Norway to Guinea have increased at an annualized rate of 19%, from $285k in 2017 to $681k in 2022.

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

Guinea-Norway Trade: In 2022, Guinea exported $216k to Norway. The main products that Guinea exported to Norway were Bran ($204k), Tropical Fruits ($8.98k), and Palm Oil ($1.48k). Over the past 5 years the exports of Guinea to Norway have increased at an annualized rate of 60.8%,  from $20.1k in 2017 to $216k in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK1.1M and imported NOK5k from Guinea, resulting in a positive trade balance of NOK1.1M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-289k (-20.8%) from NOK1.39M to NOK1.1M, while imports decreased by NOK-115k (-95.8%) from NOK120k to NOK5k.

Trade In October 2024, the top exports of Norway to Guinea were Road vehicles (including air-cushion vehicles) (NOK127k), Rubber manufactures, n.e.s. (NOK16k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0). In October 2024 the top imports of Norway from Guinea were Fixed vegetable fats and oils, crude,... (NOK7k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In October 2024, the decrease in Norway's year-by-year exports to Guinea was explained primarily by an decrease in product exports in Machinery specialized for particular industries (NOK-100k or -100%), Road vehicles (including air-cushion vehicles) (NOK-90k or -41.5%), and Rubber manufactures, n.e.s. (NOK-49k or -75.4%). In October 2024, the decrease in Norway's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in Feeding stuff for animals (not including... (NOK-1.96M or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-289k(-20.8%)
IMPORT GROWTH (October 2023 - October 2024)NOK-115k(-95.8%)

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 2022, Norway exported $681k to Guinea. The main products exported from Norway to Guinea were Cars ($190k), Stone Processing Machines ($138k), and Non-fillet Frozen Fish ($58.4k). During the last 5 years the exports of Norway to Guinea have increased at an annualized rate of 19%, from $285k in 2017 to $681k in 2022.

In 2017, Guinea exported $216k to Norway. The main products exported from Guinea to Norway were Bran ($204k), Tropical Fruits ($8.98k), and Palm Oil ($1.48k). During the last 5 years the exports of Guinea to Norway have increased at an annualized rate of 60.8%, from $20.1k in 2022 to $216k in 2017.

Exports from Norway (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Guinea than Norway included United Arab Emirates ($2.59B) and India ($2.77B).

Difference in imports from Guinea (Flag) and Norway (Flag) (2022)

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 2022, Norway had a large net trade with Guinea in the exports of Machines ($259k), Transportation ($256k), and Animal Products ($58.4k).

During 2017, Guinea had a large net trade with Norway in the exports of Foodstuffs ($204k), Vegetable Products ($11k), and Animal and Vegetable Bi-Products ($1.48k).

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) (2022)

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