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2022
Flag → Flag
Exports $364MRnk 85 / 217
2022
Flag → Flag
Top Product $284MRice
2022
Flag → Flag
Exports $506MRnk 2 / 105
2022
Flag → Flag
Top Product $2.41BGold
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
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GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

India-Guinea Trade: In 2022, India exported $364M to Guinea. The main products that India exported to Guinea were Rice ($284M), Motorcycles and cycles ($76.7M), and Packaged Medicaments ($24.9M). Over the past 5 years the exports of India to Guinea have increased at an annualized rate of 84.2%, from $17.2M in 2017 to $364M in 2022.

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

Guinea-India Trade: In 2022, Guinea exported $506M to India. The main products that Guinea exported to India were Gold ($2.41B), Aluminium Ore ($229M), and Coconuts, Brazil Nuts, and Cashews ($99.3M). Over the past 5 years the exports of Guinea to India have increased at an annualized rate of 361%,  from $243k in 2017 to $506M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Latest Trends

April, 2024

About

Overview In April 2024, India exported $80.5M and imported $11.8M from Guinea, resulting in a positive trade balance of $68.8M. Between April 2023 and April 2024 the exports of India have increased by $12.3M (18%) from $68.2M to $80.5M, while imports decreased by $-21.4M (-64.5%) from $33.2M to $11.8M.

Trade In April 2024, the top exports of India to Guinea were Rice(Other Than Basmoti) ($19.3M), Products Of Iron And Steel ($2.72M), Two And Three Wheelers ($1.7M), Agro Chemicals ($1.62M), and Ceramics And Allied Products ($1.49M). In April 2024 the top imports of India from Guinea were Bulk Minerals And Ores ($20.1M), Cashew ($1.03M), Other Commodities ($635k), Aluminium, Products Of Aluminm ($306k), and Iron And Steel ($227k).

Growth In April 2024, the increase in India's year-by-year exports to Guinea was explained primarily by an increase in product exports in Rice(Other Than Basmoti) ($8.78M or 83.1%), Products Of Iron And Steel ($2.5M or 1.1k%), and Agro Chemicals ($1.5M or 1.26k%). In April 2024, the decrease in India's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in Bulk Minerals And Ores ($-23.4M or -53.8%), Other Commodities ($-498k or -44%), and Aluminium, Products Of Aluminm ($-376k or -55.1%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)$12.3M(18%)
IMPORT GROWTH (April 2023 - April 2024)$-21.4M(-64.5%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Guinea and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $364M to Guinea. The main products exported from India to Guinea were Rice ($284M), Motorcycles and cycles ($76.7M), and Packaged Medicaments ($24.9M). During the last 5 years the exports of India to Guinea have increased at an annualized rate of 84.2%, from $17.2M in 2017 to $364M in 2022.

In 2017, Guinea exported $506M to India. The main products exported from Guinea to India were Gold ($2.41B), Aluminium Ore ($229M), and Coconuts, Brazil Nuts, and Cashews ($99.3M). During the last 22 years the exports of Guinea to India have increased at an annualized rate of 361%, from $243k in 1995 to $506M in 2017.

Exports from India (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from India than Guinea included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Guinea than from India.

Difference in imports from Guinea (Flag) and India (Flag) (2022)

Comparative Advantage India - Guinea

Flow
Scale

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

During 2022, India had a large net trade with Guinea in the exports of Vegetable Products ($285M), Transportation ($93M), and Chemical Products ($57.9M).

During 2017, Guinea had a large net trade with India in the exports of Precious Metals ($2.41B), Mineral Products ($229M), and Vegetable Products ($102M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Guinea+$19.1MRefined Petroleum
Top Product Potential Guinea India+$6.17MScrap Aluminium

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

Product Space of India (Flag) and Guinea (Flag) (2022)

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