2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH
165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH
106%CURRENT US$
Rnk 7 / 195

About

India-Guinea Trade: In 2023, India exported $637M to Guinea. The main products that India exported to Guinea were Rice ($322M), Motorcycles and cycles ($66.8M), and Packaged Medicaments ($22.8M). Over the past 5 years the exports of India to Guinea have increased at an annualized rate of 9.41%, from $406M in 2018 to $637M in 2023.

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

Guinea-India Trade: In 2023, Guinea exported $1.45B to India. The main products that Guinea exported to India were Gold ($1.04B), Aluminium Ore ($230M), and Coconuts, Brazil Nuts, and Cashews ($73.3M). Over the past 5 years the exports of Guinea to India have increased at an annualized rate of 29.1%,  from $404M in 2018 to $1.45B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $637M to Guinea. The main products exported from India to Guinea were Rice ($322M), Motorcycles and cycles ($66.8M), and Packaged Medicaments ($22.8M). During the last 5 years the exports of India to Guinea have increased at an annualized rate of 9.41%, from $406M in 2018 to $637M in 2023.

In 2018, Guinea exported $1.45B to India. The main products exported from Guinea to India were Gold ($1.04B), Aluminium Ore ($230M), and Coconuts, Brazil Nuts, and Cashews ($73.3M). During the last 5 years the exports of Guinea to India have increased at an annualized rate of 29.1%, from $404M in 2023 to $1.45B in 2018.

Exports from India (Flag) to Guinea (Flag) (2023)

Exports from Guinea (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Guinea
Top Destination
United Arab Emirates$9.05B

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 2023, countries that imported more from India than Guinea included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

In 2023, no countries were registered that imported more from Guinea than from India.

Difference in imports from Guinea (Flag) and India (Flag) (2023)

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 2023, India had a large net trade with Guinea in the exports of Vegetable Products ($324M), Transportation ($91.3M), and Machines ($48.5M).

During 2018, Guinea had a large net trade with India in the exports of Precious Metals ($1.04B), Mineral Products ($277M), and Vegetable Products ($75.6M).

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) (2023)

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