Guinea (GIN) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Guinea-Thailand Trade: In 2023, Guinea exported $998k to Thailand. The main products that Guinea exported to Thailand were Scrap Iron ($570k), Scrap Aluminium ($358k), and Precious Stones ($47.6k). Over the past 5 years the exports of Guinea to Thailand have decreased at an annualized rate of 30%, from $5.96M in 2018 to $998k in 2023.

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

Thailand-Guinea Trade: In 2023, Thailand exported $20.5M to Guinea. The main products that Thailand exported to Guinea were Rice ($7.82M), Flavored Water ($2.5M), and Rubber Tires ($1.16M). Over the past 5 years the exports of Thailand to Guinea have increased at an annualized rate of 7.7%, from $14.1M in 2018 to $20.5M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guinea exported $998k to Thailand. The main products exported from Guinea to Thailand were Scrap Iron ($570k), Scrap Aluminium ($358k), and Precious Stones ($47.6k). During the last 5 years the exports of Guinea to Thailand have decreased at an annualized rate of 30%, from $5.96M in 2018 to $998k in 2023.

In 2018, Thailand exported $20.5M to Guinea. The main products exported from Thailand to Guinea were Rice ($7.82M), Flavored Water ($2.5M), and Rubber Tires ($1.16M). During the last 5 years the exports of Thailand to Guinea have increased at an annualized rate of 7.7%, from $14.1M in 2023 to $20.5M in 2018.

Exports from Guinea () to Thailand () (2023)

Exports from Thailand () to Guinea () (2023)

Latest Data

Trade between Guinea () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Guinea included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand () and Guinea () (2023)

Comparative Advantage Guinea - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with Thailand in the exports of Metals ($929k), Precious Metals ($47.6k), and Wood Products ($11k).

During 2018, Thailand had a large net trade with Guinea in the exports of Vegetable Products ($7.84M), Foodstuffs ($3.49M), and Textiles ($2.93M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Thailand+$315kScrap Iron

Top Product Potential Thailand Guinea+$3.29MRice

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Thailand () (2023)

Exports from Thailand () to Guinea () (2023)

Latest Data

Trade between Guinea () and Thailand ()

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Guinea () (2023)

Comparative Advantage Guinea - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guinea () and Thailand () (2023)

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