Flag Belgium / Guinea Flag

2020
FlagFlag
Exports
: $148M, Rnk 85 / 218

2020
FlagFlag
Top Product
: $57.8M, Cars

2020
FlagFlag
Exports
: $254M, Rnk 5 / 97

2020
FlagFlag
Top Product
: $250M, Gold

2020
Flag
Economic Complexity (ECI)
: ECI 1.33, Rnk 17 / 127

2020
Flag
Economic Complexity (ECI)
: ECI -1.64, Rnk 124 / 127

2020
Flag  
GDP
: $522B, CURRENT US$
Rnk 23 / 204

2010-2020
Flag
GDP GROWTH
: 8.36%, CURRENT US$
Rnk 147 / 204

2020
Flag
 GDP
: $14.2B, CURRENT US$
Rnk 127 / 204

2010-2020
Flag
GDP GROWTH
: 107%, CURRENT US$
Rnk 17 / 204

2020
Flag
GDP PC 
: $45,189, CURRENT US$
Rnk 23 / 204

2010-2020
Flag
GDP PC GROWTH
: 2.27%, CURRENT US$
Rnk 131 / 204

2020
Flag
GDP PC
: $1,079, CURRENT US$
Rnk 178 / 204

2010-2020
Flag
GDP PC GROWTH
: 60.5%, CURRENT US$
Rnk 23 / 204

Belgium-Guinea In 2020, Belgium exported $148M to Guinea. The main products that Belgium exported to Guinea are Cars ($57.8M), Delivery Trucks ($24.3M), and Tractors ($6.02M). During the last 21 years the exports of Belgium to Guinea have increased at an annualized rate of 4.74%, from $56.1M in 1999 to $148M in 2020.

In 2020, Belgium did not export any services to Guinea.

Guinea-Belgium In 2020, Guinea exported $254M to Belgium. The main products that Guinea exported to Belgium were Gold ($250M), Diamonds ($2.92M), and Cocoa Beans ($595k). During the last 21 years the exports of Guinea to Belgium have increased at an annualized rate of 3.42%, from $125M in 1999 to $254M in 2020.

In 2020, Guinea did not export any services to Belgium.

Comparison In 2020,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B). That same year, Guinea ranked 124 in the Economic Complexity Index (ECI -1.64), and 82 in total exports ($11.6B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Belgium exported $148M to Guinea. The main products exported from Belgium to Guinea were Cars ($57.8M), Delivery Trucks ($24.3M), and Tractors ($6.02M). During the last 21 years the exports of Belgium to Guinea have increased at an annualized rate of 4.74%, from $56.1M in 1999 to $148M in 2020.

In 2020, Guinea exported $254M to Belgium. The main products exported from Guinea to Belgium were Gold ($250M), Diamonds ($2.92M), and Cocoa Beans ($595k). During the last 21 years the exports of Guinea to Belgium have increased at an annualized rate of 3.42%, from $125M in 1999 to $254M in 2020.

Market Competitiveness

#permalink to section
Measure

Belgium
Top Destination
: Germany, $45.7B

Guinea
Top Destination
: United Arab Emirates, $6.81B

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

In 2019, countries that imported more from Belgium than Guinea were Germany ($45.7B), France ($44.4B), and Netherlands ($37.1B).

In 2019, countries that imported more from Guinea than Belgium were United Arab Emirates ($6.81B).

Comparative Advantage Belgium - Guinea

#permalink to section
Flow
Scale

This chart compares trade between Belgium and Guinea by product, considering products traded by both, Belgium and Guinea.

During 2020, Belgium had a large net trade with Guinea in the exports of Transportation ($93.2M), Machines ($19.3M), and Metals ($8.48M).

During 2020, Guinea had a large net trade with Belgium in the exports of Precious Metals ($253M), Foodstuffs ($596k), and Metals ($114k).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 Belgium has comparative advantage over Guinea. Similarly, the more yellow a dot/product is, the more Guinea has comparative advantage over Belgium.