Flag United Arab Emirates / Guinea Flag

Exports FlagFlag  (2018): $231M, Rnk 66 / 206

Top Product FlagFlag (2018): $79.3M, Rolled Tobacco

Exports FlagFlag (2018): $2.3B, Rnk 1 / 79

Top Product FlagFlag (2018): $2.27B, Gold

Economic Complexity of Flag (2018): ECI 0.26, Rnk 55 / 137

Economic Complexity of Flag (2018): ECI -1.76, Rnk 135 / 137

United Arab Emirates-Guinea: In 2018, United Arab Emirates exported $231M to Guinea. The main products exported from United Arab Emirates to Guinea were Rolled Tobacco ($79.3M), Gold ($43.9M), and Refined Petroleum ($19.7M). During the last 23 years the exports of United Arab Emirates to Guinea have increased at an annualized rate of 26.4%, from $1.05M in 1995 to $231M in 2018.

Guinea-United Arab Emirates: In 2018, Guinea exported $2.3B to United Arab Emirates. The main products exported from Guinea to United Arab Emirates were Gold ($2.27B), Diamonds ($10.6M), and Aluminium Ore ($10.4M). During the last 22 years the exports of Guinea to United Arab Emirates have increased at an annualized rate of 71%, from $10.1k in 1996 to $2.3B in 2018.

Comparison: In 2018, United Arab Emirates ranked 55 in the Economic Complexity Index (ECI 0.26), and 26 in total exports ($242B). That same year, Guinea ranked 135 in the Economic Complexity Index (ECI -1.76), and 107 in total exports ($5.77B). N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, United Arab Emirates exported $231M to Guinea. The main products exported from United Arab Emirates to Guinea were Rolled Tobacco ($79.3M), Gold ($43.9M), and Refined Petroleum ($19.7M). During the last 23 years the exports of United Arab Emirates to Guinea have increased at an annualized rate of 26.4%, from $1.05M in 1995 to $231M in 2018.

In 2018, Guinea exported $2.3B to United Arab Emirates. The main products exported from Guinea to United Arab Emirates were Gold ($2.27B), Diamonds ($10.6M), and Aluminium Ore ($10.4M). During the last 22 years the exports of Guinea to United Arab Emirates have increased at an annualized rate of 71%, from $10.1k in 1996 to $2.3B in 2018.

Market Competitiveness

#permalink to section
Measure

United Arab Emirates
Top Destination
: India, $23.8B

Guinea
Top Destination
: United Arab Emirates, $2.3B

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

In 2018, countries that imported more from United Arab Emirates than Guinea were India ($23.8B), Japan ($21.7B), and Saudi Arabia ($17.2B).

In 2018, countries that imported more from Guinea than United Arab Emirates were Ireland ($132M), Belarus ($30.4M), and Israel ($144k).

Comparative Advantage United Arab Emirates - Guinea

#permalink to section
Depth

This chart compares trade between United Arab Emirates and Guinea by product, considering products traded by both, United Arab Emirates and Guinea.

During 2018, United Arab Emirates had a large net trade with Guinea in the exports of Foodstuffs ($85.8M), Precious Metals ($44.1M), and Machines ($26.1M).

During 2018, Guinea had a large net trade with United Arab Emirates in the exports of Precious Metals ($2.29B), Mineral Products ($10.4M), and Metals ($70.4k).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between United Arab Emirates and Guinea (using the HS6 product classification and the last year reported).

In 2018, the products from United Arab Emirates that paid the highest import tariffs to enter Guinea were Tobacco, unmanufactured, not stemmed or stripped (100%) and Tobacco, unmanufactured, stemmed or stripped (100%).

In 2018, the products from Guinea that paid the highest import tariffs to enter United Arab Emirates were Bovine carcasses and half carcasses, fresh or chilled (35%) and Bovine cuts bone in, fresh or chilled (35%).

Explore Tariff Data

*The tariffs present between United Arab Emirates and Guinea are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between United Arab Emirates and Guinea. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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