Flag Belgium-Luxembourg / Guinea Flag

Exports FlagFlag  (2018): $294M, Rnk 75 / 213

Top Product FlagFlag (2018): $49.4M, Cars

Exports FlagFlag (2018): $64.8M, Rnk 11 / 79

Top Product FlagFlag (2018): $52M, Gold

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

GDP Flag (2018): $10.9B, CURRENT US$
Rnk 140 / 196

GDP GROWTH Flag (2008-2018): 56.6%, CURRENT US$
Rnk 72 / 196

GDP PC Flag (2018): $879, CURRENT US$
Rnk 175 / 196

GDP PC GROWTH Flag (2008-2018): 22.9%, CURRENT US$
Rnk 100 / 196

Belgium-Luxembourg-Guinea: In 2018, Belgium-Luxembourg exported $294M to Guinea. The main products exported from Belgium-Luxembourg to Guinea were Cars ($49.4M), Delivery Trucks ($39.2M), and Refined Petroleum ($35.8M). During the last 23 years the exports of Belgium-Luxembourg to Guinea have increased at an annualized rate of 6.08%, from $75.7M in 1995 to $294M in 2018.

Guinea-Belgium-Luxembourg: In 2018, Guinea exported $64.8M to Belgium-Luxembourg. The main products exported from Guinea to Belgium-Luxembourg were Gold ($52M), Diamonds ($8.52M), and Cocoa Beans ($1.89M). During the last 23 years the exports of Guinea to Belgium-Luxembourg have decreased at an annualized rate of 2.08%, from $105M in 1995 to $64.8M in 2018.

Comparison: In 2018, Belgium-Luxembourg ranked 10 in total exports ($442B), and does not have data regarding Economic Complexity Index. That same year, Guinea ranked 135 in the Economic Complexity Index (ECI -1.76), and 107 in total exports ($5.77B). In terms of GDP Per Capita, Guinea was ranked 175 with a GDP Per Capita of $879, while Belgium-Luxembourg has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Belgium-Luxembourg exported $294M to Guinea. The main products exported from Belgium-Luxembourg to Guinea were Cars ($49.4M), Delivery Trucks ($39.2M), and Refined Petroleum ($35.8M). During the last 23 years the exports of Belgium-Luxembourg to Guinea have increased at an annualized rate of 6.08%, from $75.7M in 1995 to $294M in 2018.

In 2018, Guinea exported $64.8M to Belgium-Luxembourg. The main products exported from Guinea to Belgium-Luxembourg were Gold ($52M), Diamonds ($8.52M), and Cocoa Beans ($1.89M). During the last 23 years the exports of Guinea to Belgium-Luxembourg have decreased at an annualized rate of 2.08%, from $105M in 1995 to $64.8M in 2018.

Market Competitiveness

#permalink to section
Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Guinea
Top Destination
: United Arab Emirates, $2.3B

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

In 2018, countries that imported more from Belgium-Luxembourg than Guinea were Germany ($77.4B), France ($62.3B), and Netherlands ($57.5B).

In 2018, no countries were registered that imported more from Guinea than from Belgium-Luxembourg.

Comparative Advantage Belgium-Luxembourg - Guinea

#permalink to section
Depth

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

During 2018, Belgium-Luxembourg had a large net trade with Guinea in the exports of Transportation ($112M), Machines ($75.2M), and Mineral Products ($35.9M).

During 2018, Guinea had a large net trade with Belgium-Luxembourg in the exports of Precious Metals ($60.5M), Foodstuffs ($1.89M), and Metals ($1.05M).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Belgium-Luxembourg 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 Belgium-Luxembourg has comparative advantage over Guinea. Similarly, the more red a dot/product is, the more Guinea has comparative advantage over Belgium-Luxembourg.