Finland (FIN) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Finland-Guinea Trade: In 2023, Finland exported $1.92M to Guinea. The main products that Finland exported to Guinea were Electrical Transformers ($671k), Electric Motor Parts ($660k), and Medical Instruments ($155k). Over the past 5 years the exports of Finland to Guinea have decreased at an annualized rate of 32.5%, from $13.7M in 2018 to $1.92M in 2023.

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

Guinea-Finland Trade: In 2023, Guinea exported $621 to Finland. The main products that Guinea exported to Finland were Navigation Equipment ($546), Percussion ($43), and Trunks and Cases ($29). Over the past 5 years the exports of Guinea to Finland have decreased at an annualized rate of 35.7%, from $33.1k in 2018 to $621 in 2023.

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

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $1.92M to Guinea. The main products exported from Finland to Guinea were Electrical Transformers ($671k), Electric Motor Parts ($660k), and Medical Instruments ($155k). During the last 5 years the exports of Finland to Guinea have decreased at an annualized rate of 32.5%, from $13.7M in 2018 to $1.92M in 2023.

In 2018, Guinea exported $621 to Finland. The main products exported from Guinea to Finland were Navigation Equipment ($546), Percussion ($43), and Trunks and Cases ($29). During the last 5 years the exports of Guinea to Finland have decreased at an annualized rate of 35.7%, from $33.1k in 2023 to $621 in 2018.

Exports from Finland () to Guinea () (2023)

Exports from Guinea () to Finland () (2023)

Latest Data

Trade between Finland () and Guinea ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Finland than Guinea included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Guinea than Finland included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

Difference in imports from Guinea () and Finland () (2023)

Comparative Advantage Finland - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Guinea in the exports of Machines ($1.66M), Instruments ($209k), and Transportation ($15.5k).

During 2018, Guinea had a large net trade with Finland in the exports of Machines ($546), Instruments ($43), and Animal Hides ($32).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Guinea+$233kEthylene Polymers

Top Product Potential Guinea Finland+$4.31kGold

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

Year

This visualization shows the product space at the HS4 level with the flags of Finland and Guinea. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Guinea () (2023)

Exports from Guinea () to Finland () (2023)

Latest Data

Trade between Finland () and Guinea ()

Finland Exports

Market Competitiveness

Difference in imports from Guinea () and Finland () (2023)

Comparative Advantage Finland - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Guinea () (2023)

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