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2023
Flag → Flag
Exports $112MRnk 109 / 220
2023
Flag → Flag
Top Product $18MIron Pipes
2023
Flag → Flag
Exports $184MRnk 5 / 109
2023
Flag → Flag
Top Product $96.5MAluminium Ore
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

Spain-Guinea Trade: In 2023, Spain exported $112M to Guinea. The main products that Spain exported to Guinea were Iron Pipes ($18M), Poultry Meat ($16.5M), and Refined Petroleum ($13.2M). Over the past 5 years the exports of Spain to Guinea have increased at an annualized rate of 5.43%, from $86.3M in 2018 to $112M in 2023.

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

Guinea-Spain Trade: In 2023, Guinea exported $184M to Spain. The main products that Guinea exported to Spain were Aluminium Ore ($96.5M), Crude Petroleum ($79.8M), and Rubber ($7.15M). Over the past 5 years the exports of Guinea to Spain have increased at an annualized rate of 0.65%,  from $178M in 2018 to $184M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €9.7M and imported €9.28M from Guinea, resulting in a positive trade balance of €413k. Between November 2023 and November 2024 the exports of Spain have increased by €1.83M (23.2%) from €7.87M to €9.7M, while imports decreased by €-3.24M (-25.9%) from €12.5M to €9.28M.

Trade In November 2024, the top exports of Spain to Guinea were Iron Railway Products (€4.1M), Poultry Meat (€1.22M), Flavored Water (€320k), Gypsum (€253k), and Iron Structures (€225k). In November 2024 the top imports of Spain from Guinea were Aluminium Ore (€7.39M), Rubber (€387k), Oscilloscopes (€11.6k), Valves (€615), and Water (€102).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€5.42M), Madrid (€780k), Valencia (€568k), Girona (€557k), and Alicante (€380k), while imports destinations were mainly Lugo (€9.1M), Valladolid (€185k), Barcelona (€81.9), Alicante (€69.9), and A Coruña (€51.9).

Growth In November 2024, the increase in Spain's year-by-year exports to Guinea was explained primarily by an increase in product exports in Iron Structures (€184k or 445%), Unglazed Ceramics (€79.7k or 57.6%), and Flavored Water (€57.5k or 21.9%). In November 2024, the decrease in Spain's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in Aluminium Ore (€-11M or -59.8%) and Rubber (€-256k or -39.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€1.83M(23.2%)
IMPORT GROWTH (November 2023 - November 2024)€-3.24M(-25.9%)
MAIN EXPORTER (November 2024)Barcelona€5.42M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Guinea and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $112M to Guinea. The main products exported from Spain to Guinea were Iron Pipes ($18M), Poultry Meat ($16.5M), and Refined Petroleum ($13.2M). During the last 5 years the exports of Spain to Guinea have increased at an annualized rate of 5.43%, from $86.3M in 2018 to $112M in 2023.

In 2018, Guinea exported $184M to Spain. The main products exported from Guinea to Spain were Aluminium Ore ($96.5M), Crude Petroleum ($79.8M), and Rubber ($7.15M). During the last 5 years the exports of Guinea to Spain have increased at an annualized rate of 0.65%, from $178M in 2023 to $184M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Spain than Guinea included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

Comparative Advantage Spain - Guinea

Flow
Scale

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

During 2023, Spain had a large net trade with Guinea in the exports of Metals ($33.2M), Mineral Products ($20.6M), and Animal Products ($20.2M).

During 2018, Guinea had a large net trade with Spain in the exports of Mineral Products ($176M), Plastics and Rubbers ($7.15M), and Foodstuffs ($333k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Guinea+$2.35MRefined Petroleum
Top Product Potential Guinea Spain+$3.75MGold

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

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

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