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Pricing

2022
Flag → Flag
Exports $4.95MRnk 123 / 209
2022
Flag → Flag
Top Product $1.75MIron Chains
2022
Flag → Flag
Exports $103kRnk 35 / 63
2022
Flag → Flag
Top Product $45.8kStone Processing Machines
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
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GDP GROWTH-47.2%CURRENT US$
Rnk 184 / 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$7,053CURRENT US$
Rnk 90 / 186
2012-2022
Flag
GDP PC GROWTH-62.4%CURRENT US$
Rnk 186 / 186

About

Norway-Equatorial Guinea Trade: In 2022, Norway exported $4.95M to Equatorial Guinea. The main products that Norway exported to Equatorial Guinea were Iron Chains ($1.75M), Excavation Machinery ($500k), and Fish: dried, salted, smoked or in brine ($476k). Over the past 5 years the exports of Norway to Equatorial Guinea have increased at an annualized rate of 7.64%, from $3.42M in 2017 to $4.95M in 2022.

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

Equatorial Guinea-Norway Trade: In 2022, Equatorial Guinea exported $103k to Norway. The main products that Equatorial Guinea exported to Norway were Stone Processing Machines ($45.8k), Other Hand Tools ($33k), and Other Iron Products ($16.1k). Over the past 5 years the exports of Equatorial Guinea to Norway have increased at an annualized rate of 40.4%,  from $18.9k in 2017 to $103k in 2022.

In 2022, Equatorial 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, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Norway exported NOK3.13M and imported NOK0 from Equatorial Guinea, resulting in a positive trade balance of NOK3.13M. Between September 2023 and September 2024 the exports of Norway have increased by NOK607k (24.1%) from NOK2.52M to NOK3.13M, while imports decreased by NOK-21k (-100%) from NOK21k to NOK0.

Trade In September 2024, the top exports of Norway to Equatorial Guinea were Power-generating machinery and equipment (NOK5.26M), Inorganic chemicals (NOK308k), Professional, scientific and controlling instruments and... (NOK205k), General industrial machinery and equipment, n.e.s.,... (NOK179k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK78k). In September 2024 the top imports of Norway from Equatorial 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 September 2024, the increase in Norway's year-by-year exports to Equatorial Guinea was explained primarily by an increase in product exports in Manufactures of metals, n.e.s. (NOK14k or 87.5%). In September 2024, the decrease in Norway's year-by-year imports  from Equatorial Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK607k(24.1%)
IMPORT GROWTH (September 2023 - September 2024)NOK-21k(-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 Equatorial Guinea and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $4.95M to Equatorial Guinea. The main products exported from Norway to Equatorial Guinea were Iron Chains ($1.75M), Excavation Machinery ($500k), and Fish: dried, salted, smoked or in brine ($476k). During the last 5 years the exports of Norway to Equatorial Guinea have increased at an annualized rate of 7.64%, from $3.42M in 2017 to $4.95M in 2022.

In 2017, Equatorial Guinea exported $103k to Norway. The main products exported from Equatorial Guinea to Norway were Stone Processing Machines ($45.8k), Other Hand Tools ($33k), and Other Iron Products ($16.1k). During the last 5 years the exports of Equatorial Guinea to Norway have increased at an annualized rate of 40.4%, from $18.9k in 2022 to $103k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Equatorial Guinea
Top DestinationZambia$1.84B

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

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

In 2022, countries that imported more from Equatorial Guinea than Norway included Zambia ($1.84B), Chile ($413M), and Argentina ($170M).

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

Comparative Advantage Norway - Equatorial Guinea

Flow
Scale

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

During 2022, Norway had a large net trade with Equatorial Guinea in the exports of Metals ($2.32M), Machines ($1.65M), and Animal Products ($828k).

During 2017, Equatorial Guinea had a large net trade with Norway in the exports of Machines ($53.7k), Metals ($49.1k), and Footwear and Headwear ($148).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Equatorial Guinea+$192kNon-fillet Frozen Fish
Top Product Potential Equatorial Guinea Norway+$72.3kStone Processing Machines

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

Product Space of Norway (Flag) and Equatorial Guinea (Flag) (2022)

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