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2023
Flag → Flag
Exports $84.8MRnk 121 / 219
2023
Flag → Flag
Top Product $22.6MRefined Petroleum
2023
Flag → Flag
Exports $2.53MRnk 27 / 109
2023
Flag → Flag
Top Product $1.56MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
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GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

Italy-Guinea Trade: In 2023, Italy exported $84.8M to Guinea. The main products that Italy exported to Guinea were Refined Petroleum ($22.6M), Used Clothing ($18.3M), and Poultry Meat ($9.71M). Over the past 5 years the exports of Italy to Guinea have increased at an annualized rate of 6.89%, from $60.8M in 2018 to $84.8M in 2023.

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

Guinea-Italy Trade: In 2023, Guinea exported $2.53M to Italy. The main products that Guinea exported to Italy were Coffee ($1.56M), Rubber ($687k), and Ground Nut Oil ($190k). Over the past 5 years the exports of Guinea to Italy have increased at an annualized rate of 0.7%,  from $2.44M in 2018 to $2.53M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Guinea, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Guinea were N/A. In N/A the top imports of Italy from Guinea were .

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Guinea and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $84.8M to Guinea. The main products exported from Italy to Guinea were Refined Petroleum ($22.6M), Used Clothing ($18.3M), and Poultry Meat ($9.71M). During the last 5 years the exports of Italy to Guinea have increased at an annualized rate of 6.89%, from $60.8M in 2018 to $84.8M in 2023.

In 2018, Guinea exported $2.53M to Italy. The main products exported from Guinea to Italy were Coffee ($1.56M), Rubber ($687k), and Ground Nut Oil ($190k). During the last 5 years the exports of Guinea to Italy have increased at an annualized rate of 0.7%, from $2.44M in 2023 to $2.53M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Italy than Guinea included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Guinea

Flow
Scale

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

During 2023, Italy had a large net trade with Guinea in the exports of Mineral Products ($22.7M), Textiles ($18.5M), and Machines ($17.1M).

During 2018, Guinea had a large net trade with Italy in the exports of Vegetable Products ($1.56M), Plastics and Rubbers ($689k), and Animal and Vegetable Bi-Products ($190k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Guinea+$13.8MRefined Petroleum
Top Product Potential Guinea Italy+$2.46MCoffee

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

Product Space of Italy (Flag) and Guinea (Flag) (2023)

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