2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP GROWTH
278%CURRENT US$
Rnk 1 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$18,990CURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP PC GROWTH
248%CURRENT US$
Rnk 1 / 186

About

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.

Historical Data

Bilateral Trade by Products

Depth
Value

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 (Flag) to Guyana (Flag) (2022)

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Guyana
Top Destination
Panama$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 (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Guyana

Flow
Scale

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

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.

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

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