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2023
Flag → Flag
Exports $29.7MRnk 147 / 223
2023
Flag → Flag
Top Product $6.39MDocuments of title (bonds etc) and unused stamps
2023
Flag → Flag
Exports $1.51MRnk 32 / 109
2023
Flag → Flag
Top Product $1.08MBran
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

United Kingdom-Guinea Trade: In 2023, United Kingdom exported $29.7M to Guinea. The main products that United Kingdom exported to Guinea were Documents of title (bonds etc) and unused stamps ($6.39M), Cars ($1.74M), and Poultry Meat ($1.25M). Over the past 5 years the exports of United Kingdom to Guinea have increased at an annualized rate of 0.8%, from $28.5M in 2018 to $29.7M in 2023.

In 2023, United Kingdom did not export any services to Guinea.

Guinea-United Kingdom Trade: In 2023, Guinea exported $1.51M to United Kingdom. The main products that Guinea exported to United Kingdom were Bran ($1.08M), Diamonds ($146k), and Industrial Fatty Acids, Oils and Alcohols ($68.3k). Over the past 5 years the exports of Guinea to United Kingdom have decreased at an annualized rate of 2.38%,  from $1.7M in 2018 to $1.51M in 2023.

In 2023, Guinea did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £2.14M and imported £4.81k from Guinea, resulting in a positive trade balance of £2.13M. Between November 2023 and November 2024 the exports of United Kingdom have increased by £421k (24.5%) from £1.72M to £2.14M, while imports decreased by £-874k (-99.5%) from £879k to £4.81k.

Trade In November 2024, the top exports of United Kingdom to Guinea were Hard Liquor (£216k), Seats (£210k), Liquid Pumps (£171k), Light Fixtures (£165k), and Poultry Meat (£147k). In November 2024 the top imports of United Kingdom from Guinea were Seats (£32.3k) and Other Cloth Articles (£1.17k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£839k), London (£613k), London Heathrow Airport (£292k), Felixstowe (£174k), and Grangemouth (£79.1k), while imports destinations were mainly London Gateway (£4.81k).

Growth In November 2024, the increase in United Kingdom's year-by-year exports to Guinea was explained primarily by an increase in product exports in Seats (£190k or 950%), Liquid Pumps (£170k or 16.2k%), and Poultry Meat (£94.3k or 178%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£421k(24.5%)
IMPORT GROWTH (November 2023 - November 2024)£-874k(-99.5%)
MAIN EXPORTER (November 2024)London Gateway£839k

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

To check Guinea and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $29.7M to Guinea. The main products exported from United Kingdom to Guinea were Documents of title (bonds etc) and unused stamps ($6.39M), Cars ($1.74M), and Poultry Meat ($1.25M). During the last 5 years the exports of United Kingdom to Guinea have increased at an annualized rate of 0.8%, from $28.5M in 2018 to $29.7M in 2023.

In 2018, Guinea exported $1.51M to United Kingdom. The main products exported from Guinea to United Kingdom were Bran ($1.08M), Diamonds ($146k), and Industrial Fatty Acids, Oils and Alcohols ($68.3k). During the last 5 years the exports of Guinea to United Kingdom have decreased at an annualized rate of 2.38%, from $1.7M in 2023 to $1.51M in 2018.

Exports from United Kingdom (Flag) to Guinea (Flag) (2023)

Exports from Guinea (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from United Kingdom than Guinea included United States ($59.7B), Germany ($34.6B), and Netherlands ($29.8B).

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

Difference in imports from Guinea (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Guinea

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Guinea in the exports of Machines ($9.24M), Paper Goods ($6.57M), and Transportation ($2.45M).

During 2018, Guinea had a large net trade with United Kingdom in the exports of Foodstuffs ($1.09M), Precious Metals ($150k), and Machines ($82.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Guinea+$10.7MRefined Petroleum
Top Product Potential Guinea United Kingdom+$247kCoconuts, Brazil Nuts, and Cashews

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

Product Space of United Kingdom (Flag) and Guinea (Flag) (2023)

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