Guinea (GIN) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Guinea-Italy Trade: In 2022, Guinea exported $4.92M to Italy. The main products that Guinea exported to Italy were Rubber ($2.28M), Coffee ($2.24M), and Large Construction Vehicles ($167k). Over the past 5 years the exports of Guinea to Italy have increased at an annualized rate of 2.93%, from $4.26M in 2017 to $4.92M in 2022.

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

Italy-Guinea Trade: In 2022, Italy exported $107M to Guinea. The main products that Italy exported to Guinea were Refined Petroleum ($43.4M), Used Clothing ($17.9M), and Poultry Meat ($8.46M). Over the past 5 years the exports of Italy to Guinea have increased at an annualized rate of 7.94%, from $67.4M in 2017 to $107M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $4.92M to Italy. The main products exported from Guinea to Italy were Rubber ($2.28M), Coffee ($2.24M), and Large Construction Vehicles ($167k). During the last 5 years the exports of Guinea to Italy have increased at an annualized rate of 2.93%, from $4.26M in 2017 to $4.92M in 2022.

In 2017, Italy exported $107M to Guinea. The main products exported from Italy to Guinea were Refined Petroleum ($43.4M), Used Clothing ($17.9M), and Poultry Meat ($8.46M). During the last 5 years the exports of Italy to Guinea have increased at an annualized rate of 7.94%, from $67.4M in 2022 to $107M in 2017.

Exports from Guinea () to Italy () (2022)

Exports from Italy () to Guinea () (2022)

Latest Data

Trade between Guinea () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Guinea than Italy included Brunei ($36.8M).

In 2022, countries that imported more from Italy than Guinea included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Guinea - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with Italy in the exports of Plastics and Rubbers ($2.28M), Vegetable Products ($2.24M), and Machines ($235k).

During 2017, Italy had a large net trade with Guinea in the exports of Mineral Products ($43.4M), Textiles ($18.2M), and Machines ($14.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Italy+$2.46MCoffee

Top Product Potential Italy Guinea+$13.8MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Italy () (2022)

Exports from Italy () to Guinea () (2022)

Latest Data

Trade between Guinea () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Guinea - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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