Flag Guinea / India Flag

2020
FlagFlag
Exports
: $985M, Rnk 3 / 97

2020
FlagFlag
Top Product
: $813M, Gold

2020
FlagFlag
Exports
: $454M, Rnk 77 / 218

2020
FlagFlag
Top Product
: $202M, Rice

2020
Flag
Economic Complexity (ECI)
: ECI -1.64, Rnk 124 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 0.56, Rnk 40 / 127

2020
Flag  
GDP
: $15.7B, CURRENT US$
Rnk 119 / 195

2010-2020
Flag
GDP GROWTH
: 129%, CURRENT US$
Rnk 10 / 195

2020
Flag
 GDP
: $2.66T, CURRENT US$
Rnk 6 / 195

2010-2020
Flag
GDP GROWTH
: 58.8%, CURRENT US$
Rnk 46 / 195

2020
Flag
GDP PC 
: $1,194, CURRENT US$
Rnk 167 / 195

2010-2020
Flag
GDP PC GROWTH
: 77.6%, CURRENT US$
Rnk 14 / 195

2020
Flag
GDP PC
: $1,928, CURRENT US$
Rnk 150 / 195

2010-2020
Flag
GDP PC GROWTH
: 42%, CURRENT US$
Rnk 38 / 195

Guinea-India In 2020, Guinea exported $985M to India. The main products that Guinea exported to India are Gold ($813M), Aluminium Ore ($127M), and Coconuts, Brazil Nuts, and Cashews ($35.1M). During the last 25 years the exports of Guinea to India have increased at an annualized rate of 40.1%, from $217k in 1995 to $985M in 2020.

In 2020, Guinea did not export any services to India.

India-Guinea In 2020, India exported $454M to Guinea . The main products that India exported to Guinea were Rice ($202M), Motorcycles ($52.6M), and Packaged Medicaments ($42.6M). During the last 25 years the exports of India to Guinea have increased at an annualized rate of 14.2%, from $16.4M in 1995 to $454M in 2020.

In 2020, India did not export any services to Guinea.

Comparison In 2020,  Guinea ranked 124 in the Economic Complexity Index (ECI -1.64), and 82 in total exports ($11.6B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.56), and 18 in total exports ($284B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value
Compare to

In 2020, Guinea exported $985M to India. The main products exported from Guinea to India were Gold ($813M), Aluminium Ore ($127M), and Coconuts, Brazil Nuts, and Cashews ($35.1M). During the last 25 years the exports of Guinea to India have increased at an annualized rate of 40.1%, from $217k in 1995 to $985M in 2020.

In 2020, India exported $454M to Guinea. The main products exported from India to Guinea were Rice ($202M), Motorcycles ($52.6M), and Packaged Medicaments ($42.6M). During the last 25 years the exports of India to Guinea have increased at an annualized rate of 14.2%, from $16.4M in 1995 to $454M in 2020.

Market Competitiveness

#permalink to section
Measure

Guinea
Top Destination
: United Arab Emirates, $6.81B

India
Top Destination
: United States, $49.7B

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

In 2019, no countries were registered that imported more from Guinea than from India.

In 2019, countries that imported more from India than Guinea were United States ($49.7B), China ($18.5B), and United Arab Emirates ($18.1B).

Comparative Advantage Guinea - India

#permalink to section
Flow

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

During 2020, Guinea had a large net trade with India in the exports of Precious Metals ($813M), Mineral Products ($127M), and Vegetable Products ($36.1M).

During 2020, India had a large net trade with Guinea in the exports of Vegetable Products ($203M), Transportation ($79M), and Chemical Products ($63.6M).

Tariff Section

#permalink to section

This section shows import tariffs for products traded between Guinea and India (using the HS6 product classification and the last year reported).

In 2019, the products from Guinea that paid the highest import tariffs to enter India were Bovine carcasses and half carcasses, fresh or chilled (35%)and Bovine cuts bone in, fresh or chilled (35%).

In 2019, the products from India that paid the highest import tariffs to enter Guinea were Grape wines, sparkling (150%)and Grape wines nes, fortified wine or must, pack < 2l (150%).

*The tariffs present between Guinea and India are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Guinea has comparative advantage over India. Similarly, the more red a dot/product is, the more India has comparative advantage over Guinea.