2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP
$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH
165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH
106%CURRENT US$
Rnk 7 / 195

About

Canada-Guinea Trade: In 2023, Canada exported $28.8M to Guinea. The main products that Canada exported to Guinea were Cars ($18.1M), Poultry Meat ($2.57M), and Navigation Equipment ($1.43M). Over the past 5 years the exports of Canada to Guinea have increased at an annualized rate of 11.8%, from $16.5M in 2018 to $28.8M in 2023.

In 2023, Canada did not export any services to Guinea.

Guinea-Canada Trade: In 2023, Guinea exported $59.8M to Canada. The main products that Guinea exported to Canada were Aluminium Ore ($57.8M), Rubber ($1.42M), and Dried/Salted/Smoked/Brined Fish ($81.8k). Over the past 5 years the exports of Guinea to Canada have increased at an annualized rate of 12.6%,  from $33.1M in 2018 to $59.8M in 2023.

In 2023, Guinea did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $28.8M to Guinea. The main products exported from Canada to Guinea were Cars ($18.1M), Poultry Meat ($2.57M), and Navigation Equipment ($1.43M). During the last 5 years the exports of Canada to Guinea have increased at an annualized rate of 11.8%, from $16.5M in 2018 to $28.8M in 2023.

In 2018, Guinea exported $59.8M to Canada. The main products exported from Guinea to Canada were Aluminium Ore ($57.8M), Rubber ($1.42M), and Dried/Salted/Smoked/Brined Fish ($81.8k). During the last 5 years the exports of Guinea to Canada have increased at an annualized rate of 12.6%, from $33.1M in 2023 to $59.8M in 2018.

Exports from Canada (Flag) to Guinea (Flag) (2023)

Exports from Guinea (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Guinea
Top Destination
United Arab Emirates$9.05B

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

In 2023, countries that imported more from Canada than Guinea included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Guinea than Canada included United Arab Emirates ($9.05B).

Difference in imports from Guinea (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Guinea

Flow
Scale

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

During 2023, Canada had a large net trade with Guinea in the exports of Transportation ($18.3M), Machines ($5.98M), and Animal Products ($2.78M).

During 2018, Guinea had a large net trade with Canada in the exports of Mineral Products ($57.8M), Plastics and Rubbers ($1.42M), and Chemical Products ($92.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Guinea+$5.65MCars
Top Product Potential Guinea Canada+$5.48MAluminium Ore

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 Canada and Guinea. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Guinea (Flag) (2023)

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