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2023
Flag → Flag
Exports $450MRnk 74 / 224
2023
Flag → Flag
Top Product $338MRefined Petroleum
2023
Flag → Flag
Exports $108MRnk 6 / 109
2023
Flag → Flag
Top Product $107MCocoa Beans
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

Netherlands-Guinea Trade: In 2023, Netherlands exported $450M to Guinea. The main products that Netherlands exported to Guinea were Refined Petroleum ($338M), Onions ($41.2M), and Malt Extract ($18.8M). Over the past 5 years the exports of Netherlands to Guinea have increased at an annualized rate of 6.3%, from $331M in 2018 to $450M in 2023.

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

Guinea-Netherlands Trade: In 2023, Guinea exported $108M to Netherlands. The main products that Guinea exported to Netherlands were Cocoa Beans ($107M), Palm Oil ($832k), and Machinery Having Individual Functions ($87.5k). Over the past 5 years the exports of Guinea to Netherlands have increased at an annualized rate of 60.8%,  from $10M in 2018 to $108M in 2023.

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

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €8M and imported €2M from Guinea, resulting in a positive trade balance of €6M. Between October 2023 and October 2024 the exports of Netherlands have decreased by €-5M (-38.5%) from €13M to €8M, while imports remained the same by €0 (0%) from €2M to €2M.

Trade In October 2024, the top exports of Netherlands to Guinea were Petroleum oils and oils obtained from... (€49M), Vegetables, fresh, chilled, frozen or simply... (€4M), and Edible products and preparations, n.e.s. (€1M). In October 2024 the top imports of Netherlands from Guinea were Cocoa (€3M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)€-5M(-38.5%)
IMPORT GROWTH (October 2023 - October 2024)€0(0%)

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

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

For full datasets download visit Bulk Download page.

Explore Guinea and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $450M to Guinea. The main products exported from Netherlands to Guinea were Refined Petroleum ($338M), Onions ($41.2M), and Malt Extract ($18.8M). During the last 5 years the exports of Netherlands to Guinea have increased at an annualized rate of 6.3%, from $331M in 2018 to $450M in 2023.

In 2018, Guinea exported $108M to Netherlands. The main products exported from Guinea to Netherlands were Cocoa Beans ($107M), Palm Oil ($832k), and Machinery Having Individual Functions ($87.5k). During the last 5 years the exports of Guinea to Netherlands have increased at an annualized rate of 60.8%, from $10M in 2023 to $108M in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Netherlands than Guinea included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

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

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

Comparative Advantage Netherlands - Guinea

Flow
Scale

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

During 2023, Netherlands had a large net trade with Guinea in the exports of Mineral Products ($342M), Vegetable Products ($42.8M), and Foodstuffs ($31.3M).

During 2018, Guinea had a large net trade with Netherlands in the exports of Foodstuffs ($107M), Animal and Vegetable Bi-Products ($832k), and Machines ($174k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Guinea+$1.78MPackaged Medicaments
Top Product Potential Guinea Netherlands+$536kPalm Oil

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

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

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