Flag India / Guinea Flag

Exports FlagFlag  (2018): $406M, Rnk 82 / 211

Top Product FlagFlag (2018): $173M, Rice

Exports FlagFlag (2018): $394M, Rnk 3 / 79

Top Product FlagFlag (2018): $291M, Gold

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

Economic Complexity of Flag (2018): ECI -1.76, Rnk 135 / 137

India-Guinea: In 2018, India exported $406M to Guinea. The main products exported from India to Guinea were Rice ($173M), Motorcycles ($47.9M), and Packaged Medicaments ($47.2M). During the last 23 years the exports of India to Guinea have increased at an annualized rate of 11.8%, from $31.3M in 1995 to $406M in 2018.

Guinea-India: In 2018, Guinea exported $394M to India. The main products exported from Guinea to India were Gold ($291M), Coconuts, Brazil Nuts, and Cashews ($40.2M), and Aluminium Ore ($36M). During the last 23 years the exports of Guinea to India have increased at an annualized rate of 38.5%, from $221k in 1995 to $394M in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). That same year, Guinea ranked 135 in the Economic Complexity Index (ECI -1.76), and 107 in total exports ($5.77B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, India exported $406M to Guinea. The main products exported from India to Guinea were Rice ($173M), Motorcycles ($47.9M), and Packaged Medicaments ($47.2M). During the last 23 years the exports of India to Guinea have increased at an annualized rate of 11.8%, from $31.3M in 1995 to $406M in 2018.

In 2018, Guinea exported $394M to India. The main products exported from Guinea to India were Gold ($291M), Coconuts, Brazil Nuts, and Cashews ($40.2M), and Aluminium Ore ($36M). During the last 23 years the exports of Guinea to India have increased at an annualized rate of 38.5%, from $221k in 1995 to $394M in 2018.

Market Competitiveness

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Measure

India
Top Destination
: United States, $52B

Guinea
Top Destination
: United Arab Emirates, $2.3B

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 2018, countries that imported more from India than Guinea were United States ($52B), United Arab Emirates ($27.1B), and China ($16.6B).

In 2018, no countries were registered that imported more from Guinea than from India.

Comparative Advantage India - Guinea

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Depth

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

During 2018, India had a large net trade with Guinea in the exports of Vegetable Products ($174M), Chemical Products ($59.4M), and Transportation ($54.1M).

During 2018, Guinea had a large net trade with India in the exports of Precious Metals ($291M), Vegetable Products ($40.4M), and Mineral Products ($36M).

Tariff Section

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

In 2018, 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%).

In 2018, 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%).

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*The tariffs present between India and Guinea are:
136: Most Favoured Nation duty rate treatement
254: Preferential tariff for Least Developed Countries
336: Preferential tariff under (GSTP) Global System of Trade Preferences among Developing Countries

Trade Forecasts

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This section shows a forecast for total trade between India and Guinea. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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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 India has comparative advantage over Guinea. Similarly, the more red a dot/product is, the more Guinea has comparative advantage over India.