Guinea (GIN) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Guinea-Austria Trade: In 2022, Guinea exported $88k to Austria. The main products that Guinea exported to Austria were Base Metal Watches ($72.1k), Reaction and Catalytic Products ($10.2k), and Precious Stone Dust ($4.04k). Over the past 5 years the exports of Guinea to Austria have decreased at an annualized rate of 24%, from $347k in 2017 to $88k in 2022.

In 2022, Guinea did not export any services to Austria.

Austria-Guinea Trade: In 2022, Austria exported $2.63M to Guinea. The main products that Austria exported to Guinea were Special purpose motor vehicles ($406k), Light Pure Woven Cotton ($337k), and Other Steel Bars ($292k). Over the past 5 years the exports of Austria to Guinea have decreased at an annualized rate of 9.72%, from $7.3M in 2017 to $2.63M in 2022.

In 2022, Austria did not export any services to Guinea.

Comparison: In 2022, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $88k to Austria. The main products exported from Guinea to Austria were Base Metal Watches ($72.1k), Reaction and Catalytic Products ($10.2k), and Precious Stone Dust ($4.04k). During the last 5 years the exports of Guinea to Austria have decreased at an annualized rate of 24%, from $347k in 2017 to $88k in 2022.

In 2017, Austria exported $2.63M to Guinea. The main products exported from Austria to Guinea were Special purpose motor vehicles ($406k), Light Pure Woven Cotton ($337k), and Other Steel Bars ($292k). During the last 5 years the exports of Austria to Guinea have decreased at an annualized rate of 9.72%, from $7.3M in 2022 to $2.63M in 2017.

Exports from Guinea () to Austria () (2022)

Exports from Austria () to Guinea () (2022)

Latest Data

Trade between Guinea () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Guinea than Austria included United Arab Emirates ($2.59B), India ($2.77B), and Brunei ($36.8M).

In 2022, countries that imported more from Austria than Guinea included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

Difference in imports from Austria () and Guinea () (2022)

Comparative Advantage Guinea - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with Austria in the exports of Instruments ($72.1k), Chemical Products ($10.3k), and Precious Metals ($4.29k).

During 2017, Austria had a large net trade with Guinea in the exports of Metals ($632k), Textiles ($607k), and Machines ($448k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Austria+$18.2kBase Metal Watches

Top Product Potential Austria Guinea+$248kLight Pure Woven Cotton

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Austria () (2022)

Exports from Austria () to Guinea () (2022)

Latest Data

Trade between Guinea () and Austria ()

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Guinea () (2022)

Comparative Advantage Guinea - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guinea () and Austria () (2022)

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