Norway (NOR) and Guinea (GIN) Trade | The Observatory of Economic Complexity

About

Norway-Guinea In 2022, Norway exported $681k to Guinea. The main products that Norway exported to Guinea are Cars ($190k), Stone Processing Machines ($138k), and Non-fillet Frozen Fish ($58.4k). During the last 27 years the exports of Norway to Guinea have decreased at an annualized rate of 3.97%, from $2.03M in 1995 to $681k in 2022.

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

Guinea-Norway 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). During the last 27 years the exports of Guinea to Norway have decreased at an annualized rate of 12.9%, from $9.08M in 1995 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

March, 2024

About

Overview In March 2024, Norway exported NOK1.3M and imported NOK3k from Guinea, resulting in a positive trade balance of NOK1.3M. Between March 2023 and March 2024 the exports of Norway have increased by NOK552k (73.6%) from NOK750k to NOK1.3M, while imports remained the same by NOK0 (0%) from NOK3k to NOK3k.

Trade In March 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 March 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 March 2024, the increase in Norway's year-by-year exports to Guinea was explained primarily by an increase in product exports in . In March 2024, the change 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK552k(73.6%)

IMPORT GROWTH (March 2023 - March 2024)NOK0(0%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Norway to Guinea have decreased at an annualized rate of 3.97%, from $2.03M in 1995 to $681k in 2022.

In 2022, 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 27 years the exports of Guinea to Norway have decreased at an annualized rate of 12.9%, from $9.08M in 1995 to $216k in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Norway than Guinea were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Guinea than Norway were United Arab Emirates ($2.59B) and India ($2.77B).

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

Comparative Advantage Norway - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, 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).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Guinea. Similarly, the more yellow a dot/product is, the more Guinea has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Norway - Guinea

Economic Complexity

Competitive Landscape

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

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