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Pricing

2022
Flag → Flag
Exports $59.2MRnk 71 / 209
2022
Flag → Flag
Top Product $48.1MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $14.4MRnk 51 / 162
2022
Flag → Flag
Top Product $9.53MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 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$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Norway-Guatemala Trade: In 2022, Norway exported $59.2M to Guatemala. The main products that Norway exported to Guatemala were Mixed Mineral or Chemical Fertilizers ($48.1M), Nitrogenous Fertilizers ($9.16M), and Live Fish ($571k). Over the past 5 years the exports of Norway to Guatemala have increased at an annualized rate of 31.4%, from $15.1M in 2017 to $59.2M in 2022.

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

Guatemala-Norway Trade: In 2022, Guatemala exported $14.4M to Norway. The main products that Guatemala exported to Norway were Coffee ($9.53M), Legumes ($2.2M), and Hard Liquor ($677k). Over the past 5 years the exports of Guatemala to Norway have decreased at an annualized rate of 7.32%,  from $21.1M in 2017 to $14.4M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK985k and imported NOK20.7M from Guatemala, resulting in a negative trade balance of NOK19.8M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-390k (-28.4%) from NOK1.38M to NOK985k, while imports decreased by NOK-1.75M (-7.79%) from NOK22.5M to NOK20.7M.

Trade In July 2024, the top exports of Norway to Guatemala were Chemical materials and products, n.e.s. (NOK46.2M), Fish (not marine mammals), crustaceans, molluscs... (NOK652k), Crude fertilizers, other than those of... (NOK527k), Miscellaneous edible products and preparations (NOK10k), and Live animals other than animals of... (NOK0). In July 2024 the top imports of Norway from Guatemala were Vegetables and fruit (NOK3.7M), Coffee, tea, cocoa, spices, and manufactures... (NOK909k), Articles of apparel and clothing accessories (NOK615k), Beverages (NOK130k), and Crude animal and vegetable materials, n.e.s. (NOK101k).

Growth In July 2024, the decrease in Norway's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK-232k or -26.2%), Textile fibres (other than wool tops... (NOK-153k or -100%), and Paper, paperboard and articles of paper... (NOK-147k or -100%). In July 2024, the decrease in Norway's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Vegetables and fruit (NOK-2.53M or -40.6%), Coffee, tea, cocoa, spices, and manufactures... (NOK-1.15M or -55.7%), and Crude animal and vegetable materials, n.e.s. (NOK-79k or -43.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-390k(-28.4%)
IMPORT GROWTH (July 2023 - July 2024)NOK-1.75M(-7.79%)

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 2022, Norway exported $59.2M to Guatemala. The main products exported from Norway to Guatemala were Mixed Mineral or Chemical Fertilizers ($48.1M), Nitrogenous Fertilizers ($9.16M), and Live Fish ($571k). During the last 5 years the exports of Norway to Guatemala have increased at an annualized rate of 31.4%, from $15.1M in 2017 to $59.2M in 2022.

In 2017, Guatemala exported $14.4M to Norway. The main products exported from Guatemala to Norway were Coffee ($9.53M), Legumes ($2.2M), and Hard Liquor ($677k). During the last 5 years the exports of Guatemala to Norway have decreased at an annualized rate of 7.32%, from $21.1M in 2022 to $14.4M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Guatemala than Norway included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

Difference in imports from Guatemala (Flag) and Norway (Flag) (2022)

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 2022, Norway had a large net trade with Guatemala in the exports of Chemical Products ($57.7M), Animal Products ($823k), and Foodstuffs ($382k).

During 2017, Guatemala had a large net trade with Norway in the exports of Vegetable Products ($12.4M), Foodstuffs ($1.25M), and Textiles ($762k).

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) (2022)

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