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2023
Flag → Flag
Exports $37.4MRnk 74 / 205
2023
Flag → Flag
Top Product $29MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $19.5MRnk 41 / 170
2023
Flag → Flag
Top Product $9.1MCoffee
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
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GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Norway-Guatemala Trade: In 2023, Norway exported $37.4M to Guatemala. The main products that Norway exported to Guatemala were Mixed Mineral or Chemical Fertilizers ($29M), Nitrogenous Fertilizers ($5.09M), and Packaged Medicaments ($476k). Over the past 5 years the exports of Norway to Guatemala have increased at an annualized rate of 10.8%, from $22.4M in 2018 to $37.4M in 2023.

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

Guatemala-Norway Trade: In 2023, Guatemala exported $19.5M to Norway. The main products that Guatemala exported to Norway were Coffee ($9.1M), Bananas ($5.86M), and Nutmeg, mace and cardamons ($1.18M). Over the past 5 years the exports of Guatemala to Norway have increased at an annualized rate of 3.16%,  from $16.7M in 2018 to $19.5M in 2023.

In 2023, Guatemala 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, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK89.3M and imported NOK3.55M from Guatemala, resulting in a positive trade balance of NOK85.8M. Between December 2023 and December 2024 the exports of Norway have increased by NOK88.8M (16.7k%) from NOK533k to NOK89.3M, while imports decreased by NOK-6.79M (-65.7%) from NOK10.3M to NOK3.55M.

Trade In December 2024, the top exports of Norway to Guatemala were Crude fertilizers, other than those of... (NOK1.05M), Fish (not marine mammals), crustaceans, molluscs... (NOK471k), General industrial machinery and equipment, n.e.s.,... (NOK342k), Paper, paperboard and articles of paper... (NOK138k), and Telecommunications and sound-recording and reproducing apparatus... (NOK121k). In December 2024 the top imports of Norway from Guatemala were Vegetables and fruit (NOK3.57M), Coffee, tea, cocoa, spices, and manufactures... (NOK1.05M), Articles of apparel and clothing accessories (NOK489k), Oil-seeds and oleaginous fruits (NOK296k), and Beverages (NOK244k).

Growth In December 2024, the increase in Norway's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Crude fertilizers, other than those of... (NOK524k or 99.4%). In December 2024, the decrease in Norway's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Articles of apparel and clothing accessories (NOK-126k or -20.5%), Vegetables and fruit (NOK-123k or -3.33%), and Crude animal and vegetable materials, n.e.s. (NOK-24k or -23.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK88.8M(16.7k%)
IMPORT GROWTH (December 2023 - December 2024)NOK-6.79M(-65.7%)

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 Guatemala and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $37.4M to Guatemala. The main products exported from Norway to Guatemala were Mixed Mineral or Chemical Fertilizers ($29M), Nitrogenous Fertilizers ($5.09M), and Packaged Medicaments ($476k). During the last 5 years the exports of Norway to Guatemala have increased at an annualized rate of 10.8%, from $22.4M in 2018 to $37.4M in 2023.

In 2018, Guatemala exported $19.5M to Norway. The main products exported from Guatemala to Norway were Coffee ($9.1M), Bananas ($5.86M), and Nutmeg, mace and cardamons ($1.18M). During the last 5 years the exports of Guatemala to Norway have increased at an annualized rate of 3.16%, from $16.7M in 2023 to $19.5M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Guatemala
Top DestinationUnited States$5.16B

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

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

In 2023, countries that imported more from Guatemala than Norway included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

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

Comparative Advantage Norway - Guatemala

Flow
Scale

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

During 2023, Norway had a large net trade with Guatemala in the exports of Chemical Products ($34.8M), Animal Products ($827k), and Foodstuffs ($602k).

During 2018, Guatemala had a large net trade with Norway in the exports of Vegetable Products ($17.8M), Textiles ($606k), and Paper Goods ($427k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Guatemala+$538kPackaged Medicaments
Top Product Potential Guatemala Norway+$2.64MCoffee

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

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

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