Norway (NOR) and Guyana (GUY) Trade | The Observatory of Economic Complexity

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Norway-Guyana Trade: In 2022, Norway exported $11M to Guyana. The main products that Norway exported to Guyana were Special Purpose Ships ($3.15M), Machinery Having Individual Functions ($1.79M), and Motor-working Tools ($759k). Over the past 5 years the exports of Norway to Guyana have increased at an annualized rate of 29.4%, from $3.02M in 2017 to $11M in 2022.

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

Guyana-Norway Trade: In 2022, Guyana exported $713k to Norway. The main products that Guyana exported to Norway were Liquid Pumps ($478k), Low-voltage Protection Equipment ($90.6k), and Other Electrical Machinery ($34.6k). Over the past 5 years the exports of Guyana to Norway have increased at an annualized rate of 98.5%, from $23.2k in 2017 to $713k in 2022.

In 2022, Guyana 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, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK26.5M and imported NOK873k from Guyana, resulting in a positive trade balance of NOK25.6M. Between October 2023 and October 2024 the exports of Norway have increased by NOK20.3M (324%) from NOK6.25M to NOK26.5M, while imports increased by NOK698k (399%) from NOK175k to NOK873k.

Trade In October 2024, the top exports of Norway to Guyana were General industrial machinery and equipment, n.e.s.,... (NOK8.51M), Machinery specialized for particular industries (NOK1.43M), Power-generating machinery and equipment (NOK762k), Manufactures of metals, n.e.s. (NOK235k), and Telecommunications and sound-recording and reproducing apparatus... (NOK86k). In October 2024 the top imports of Norway from Guyana were Professional, scientific and controlling instruments and... (NOK60k), Beverages (NOK55k), Machinery specialized for particular industries (NOK6k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In October 2024, the increase in Norway's year-by-year exports to Guyana was explained primarily by an increase in product exports in General industrial machinery and equipment, n.e.s.,... (NOK8.38M or 6.65k%), Manufactures of metals, n.e.s. (NOK230k or 4.6k%), and Telecommunications and sound-recording and reproducing apparatus... (NOK76k or 760%). In October 2024, the increase in Norway's year-by-year imports from Guyana was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)NOK20.3M(324%)

IMPORT GROWTH (October 2023 - October 2024)NOK698k(399%)

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 Guyana and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $11M to Guyana. The main products exported from Norway to Guyana were Special Purpose Ships ($3.15M), Machinery Having Individual Functions ($1.79M), and Motor-working Tools ($759k). During the last 5 years the exports of Norway to Guyana have increased at an annualized rate of 29.4%, from $3.02M in 2017 to $11M in 2022.

In 2017, Guyana exported $713k to Norway. The main products exported from Guyana to Norway were Liquid Pumps ($478k), Low-voltage Protection Equipment ($90.6k), and Other Electrical Machinery ($34.6k). During the last 5 years the exports of Guyana to Norway have increased at an annualized rate of 98.5%, from $23.2k in 2022 to $713k in 2017.

Exports from Norway () to Guyana () (2022)

Exports from Guyana () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Guyana
Top DestinationPanama$5.84B

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

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

In 2022, countries that imported more from Guyana than Norway included Panama ($5.84B), United Arab Emirates ($1.18B), and Aruba ($156M).

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

Comparative Advantage Norway - Guyana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Guyana in the exports of Machines ($5.69M), Transportation ($3.49M), and Plastics and Rubbers ($951k).

During 2017, Guyana had a large net trade with Norway in the exports of Machines ($659k), Instruments ($33.9k), and Foodstuffs ($14.3k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Norway and Guyana. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Guyana. Similarly, a dot/product with the flag of Guyana indicates it has a comparative advantage over Norway.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Guyana () (2022)

Exports from Guyana () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Guyana

Economic Complexity

Competitive Landscape

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

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