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2023
Flag → Flag
Exports $50.1kRnk 57 / 109
2023
Flag → Flag
Top Product $9.96kOther Measuring Instruments
2023
Flag → Flag
Exports $15MRnk 118 / 211
2023
Flag → Flag
Top Product $5.76MOther Construction Vehicles
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $1,541CURRENT US$
Rnk 166 / 195
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Guinea-Australia Trade: In 2023, Guinea exported $50.1k to Australia. The main products that Guinea exported to Australia were Other Measuring Instruments ($9.96k), Surveying Equipment ($8.66k), and Woven Fabric of Synthetic Staple Fibers ($5.96k). Over the past 5 years the exports of Guinea to Australia have decreased at an annualized rate of 24.9%, from $209k in 2018 to $50.1k in 2023.

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

Australia-Guinea Trade: In 2023, Australia exported $15M to Guinea. The main products that Australia exported to Guinea were Other Construction Vehicles ($5.76M), Large Construction Vehicles ($2.46M), and Stone Processing Machines ($1.74M). Over the past 5 years the exports of Australia to Guinea have increased at an annualized rate of 12.6%,  from $8.29M in 2018 to $15M in 2023.

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

Comparison: In 2023,  Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guinea exported $50.1k to Australia. The main products exported from Guinea to Australia were Other Measuring Instruments ($9.96k), Surveying Equipment ($8.66k), and Woven Fabric of Synthetic Staple Fibers ($5.96k). During the last 5 years the exports of Guinea to Australia have decreased at an annualized rate of 24.9%, from $209k in 2018 to $50.1k in 2023.

In 2018, Australia exported $15M to Guinea. The main products exported from Australia to Guinea were Other Construction Vehicles ($5.76M), Large Construction Vehicles ($2.46M), and Stone Processing Machines ($1.74M). During the last 5 years the exports of Australia to Guinea have increased at an annualized rate of 12.6%, from $8.29M in 2023 to $15M in 2018.

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

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

Latest Data

Trade between Guinea (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Guinea
Top DestinationUnited Arab Emirates$9.05B
Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Guinea than Australia included United Arab Emirates ($9.05B), Liberia ($10.4M), and Gambia ($2.61M).

In 2023, countries that imported more from Australia than Guinea included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Guinea - Australia

Flow
Scale

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

During 2023, Guinea had a large net trade with Australia in the exports of Instruments ($26.4k), Machines ($9.01k), and Textiles ($7.27k).

During 2018, Australia had a large net trade with Guinea in the exports of Machines ($12.5M), Transportation ($889k), and Instruments ($804k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea Australia+$33.5kVideo Displays
Top Product Potential Australia Guinea+$283kMotor vehicles; parts and accessories (8701 to 8705)

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

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

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