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Pricing

2023
Flag → Flag
Exports $2.94kRnk 61 / 76
2023
Flag → Flag
Top Product $1.94kOffice Machine Parts
2023
Flag → Flag
Exports $343kRnk 188 / 211
2023
Flag → Flag
Top Product $79.1kOther Electrical Machinery
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 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 $6,678CURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 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

Equatorial Guinea-Australia Trade: In 2023, Equatorial Guinea exported $2.94k to Australia. The main products that Equatorial Guinea exported to Australia were Office Machine Parts ($1.94k) and Collector's Items ($1k). Over the past 9 years the exports of Equatorial Guinea to Australia have decreased at an annualized rate of 64.3%, from $31.1M in 2014 to $2.94k in 2023.

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

Australia-Equatorial Guinea Trade: In 2023, Australia exported $343k to Equatorial Guinea. The main products that Australia exported to Equatorial Guinea were Other Electrical Machinery ($79.1k), Poultry Meat ($59.6k), and Liquid Pumps ($54.1k). Over the past 9 years the exports of Australia to Equatorial Guinea have decreased at an annualized rate of 12.7%,  from $675k in 2014 to $343k in 2023.

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

Comparison In 2023,  Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index. 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, Equatorial Guinea exported $2.94k to Australia. The main products exported from Equatorial Guinea to Australia were Office Machine Parts ($1.94k) and Collector's Items ($1k). During the last 9 years the exports of Equatorial Guinea to Australia have decreased at an annualized rate of 64.3%, from $31.1M in 2014 to $2.94k in 2023.

In 2018, Australia exported $343k to Equatorial Guinea. The main products exported from Australia to Equatorial Guinea were Other Electrical Machinery ($79.1k), Poultry Meat ($59.6k), and Liquid Pumps ($54.1k). During the last 5 years the exports of Australia to Equatorial Guinea have decreased at an annualized rate of 12.7%, from $675k in 2023 to $343k in 2018.

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

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

Latest Data

Trade between Equatorial Guinea (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Equatorial Guinea
Top DestinationChina$1.37B
Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Equatorial Guinea than Australia included El Salvador ($27M), Sao Tome and Principe ($1.6M), and Nigeria ($23.1M).

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

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

Comparative Advantage Equatorial Guinea - Australia

Flow
Scale

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

During 2023, Equatorial Guinea had a large net trade with Australia in the exports of Machines ($1.94k) and Arts and Antiques ($1k).

During 2018, Australia had a large net trade with Equatorial Guinea in the exports of Machines ($174k), Animal Products ($113k), and Transportation ($56.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Equatorial Guinea Australia+$6.33kCrude Petroleum
Top Product Potential Australia Equatorial Guinea+$66.2kPoultry Meat

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 Equatorial Guinea and Australia. This means that a dot/product with the flag of Equatorial 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 Equatorial Guinea.

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

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