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Pricing

2022
Flag → Flag
Exports $1.99MRnk 195 / 220
2022
Flag → Flag
Top Product $1.45MPackaged Medicaments
2022
Flag → Flag
Exports $1.16MRnk 5 / 52
2022
Flag → Flag
Top Product $1.15MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$1.63BCURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP GROWTH65.1%CURRENT US$
Rnk 36 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$776CURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP PC GROWTH29.6%CURRENT US$
Rnk 64 / 186

About

South Korea-Guinea-Bissau Trade: In 2022, South Korea exported $1.99M to Guinea-Bissau. The main products that South Korea exported to Guinea-Bissau were Packaged Medicaments ($1.45M), Polyacetals ($258k), and Vaccines, blood, antisera, toxins and cultures ($153k). Over the past 5 years the exports of South Korea to Guinea-Bissau have increased at an annualized rate of 39.8%, from $372k in 2017 to $1.99M in 2022.

In 2022, South Korea did not export any services to Guinea-Bissau.

Guinea-Bissau-South Korea Trade: In 2022, Guinea-Bissau exported $1.16M to South Korea. The main products that Guinea-Bissau exported to South Korea were Non-fillet Frozen Fish ($1.15M), Molluscs ($1.38k), and Other Printed Material ($1). Over the past 5 years the exports of Guinea-Bissau to South Korea have decreased at an annualized rate of 5.66%,  from $1.55M in 2017 to $1.16M in 2022.

In 2022, Guinea-Bissau did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Guinea-Bissau ranked 184 in total exports ($221M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $11k and imported $83k from Guinea-Bissau, resulting in a negative trade balance of $72k. Between October 2023 and October 2024 the exports of South Korea have increased by $9k (450%) from $2k to $11k, while imports increased by $83k (N/A%) from $0 to $83k.

Trade In October 2024, the top exports of South Korea to Guinea-Bissau were Fish, Crustaceans & Molluscs ($0) and Electrical machinery and electronics ($0). In October 2024 the top imports of South Korea from Guinea-Bissau were Fish, Crustaceans & Molluscs ($57k) and Electrical machinery and electronics ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Guinea-Bissau was explained primarily by an increase in product exports in . In October 2024, the increase in South Korea's year-by-year imports  from Guinea-Bissau was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$9k(450%)
IMPORT GROWTH (October 2023 - October 2024)$83k(N/A%)

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

To check Guinea-Bissau and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea-Bissau and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.99M to Guinea-Bissau. The main products exported from South Korea to Guinea-Bissau were Packaged Medicaments ($1.45M), Polyacetals ($258k), and Vaccines, blood, antisera, toxins and cultures ($153k). During the last 5 years the exports of South Korea to Guinea-Bissau have increased at an annualized rate of 39.8%, from $372k in 2017 to $1.99M in 2022.

In 2017, Guinea-Bissau exported $1.16M to South Korea. The main products exported from Guinea-Bissau to South Korea were Non-fillet Frozen Fish ($1.15M), Molluscs ($1.38k), and Other Printed Material ($1). During the last 5 years the exports of Guinea-Bissau to South Korea have decreased at an annualized rate of 5.66%, from $1.55M in 2022 to $1.16M in 2017.

Exports from South Korea (Flag) to Guinea-Bissau (Flag) (2022)

Exports from Guinea-Bissau (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Guinea-Bissau
Top DestinationIndia$203M

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

In 2022, countries that imported more from South Korea than Guinea-Bissau included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, no countries were registered that imported more from Guinea-Bissau than from South Korea.

Difference in imports from Guinea-Bissau (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Guinea-Bissau

Flow
Scale

This chart compares trade between South Korea and Guinea-Bissau by product, considering products traded by both, South Korea and Guinea-Bissau.

During 2022, South Korea had a large net trade with Guinea-Bissau in the exports of Chemical Products ($1.68M), Plastics and Rubbers ($281k), and Instruments ($11k).

During 2017, Guinea-Bissau had a large net trade with South Korea in the exports of Animal Products ($1.16M) and Paper Goods ($1).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Guinea-Bissau. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Guinea-Bissau. Similarly, a dot/product with the flag of Guinea-Bissau indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Guinea-Bissau (Flag) (2022)

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