2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$1.63BCURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP GROWTH
65.1%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$776CURRENT US$
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2012-2022
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GDP PC GROWTH
29.6%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.

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 Destination
China$150B
Guinea-Bissau
Top Destination
India$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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