2023
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GDP
$2.02TCURRENT US$
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2013-2023
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GDP GROWTH
-11.8%CURRENT US$
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2023
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 GDP
$2.05BCURRENT US$
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2013-2023
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GDP GROWTH
84.6%CURRENT US$
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2023
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GDP PC 
$13,817CURRENT US$
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2013-2023
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GDP PC GROWTH
-13.3%CURRENT US$
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2023
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GDP PC
$951CURRENT US$
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GDP PC GROWTH
45.4%CURRENT US$
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About

Russia-Guinea-Bissau Trade: In 2021, Russia exported $141k to Guinea-Bissau. The main products that Russia exported to Guinea-Bissau were N/A. Over the past 5 years the exports of Russia to Guinea-Bissau have increased at an annualized rate of 16.9%, from $64.6k in 2016 to $141k in 2021.

In 2020, Russia exported services to Guinea-Bissau worth $26k, with Financial services ($16k) and Other business services ($10k) being the largest in terms of value.

Guinea-Bissau-Russia Trade: In 2021, Guinea-Bissau exported $85.4k to Russia. The main products that Guinea-Bissau exported to Russia were N/A. Over the past 5 years the exports of Guinea-Bissau to Russia have decreased at an annualized rate of 3.93%,  from $104k in 2016 to $85.4k in 2021.

In 2021, Guinea-Bissau did not export any services to Russia.

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, Guinea-Bissau ranked 194 in total exports ($109M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $141k to Guinea-Bissau. There were not main exports from Russia to Guinea-Bissau in 2021. During the last 5 years the exports of Russia to Guinea-Bissau have increased at an annualized rate of 16.9%, from $64.6k in 2016 to $141k in 2021.

In 2014, Guinea-Bissau exported $85.4k to Russia. There were not main exports from Guinea-Bissau to Russia in 2014. During the last 5 years the exports of Guinea-Bissau to Russia have decreased at an annualized rate of 3.93%, from $104k in 2019 to $85.4k in 2014.

Exports from Russia (Flag) to Guinea-Bissau (Flag) (2021)

Exports from Guinea-Bissau (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$129B
Guinea-Bissau
Top Destination
India$72.3M

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

In 2023, countries that imported more from Russia than Guinea-Bissau included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Guinea-Bissau than Russia included Liberia ($2M), Cape Verde ($101k), and Sao Tome and Principe ($9.33k).

Difference in imports from Guinea-Bissau (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Guinea-Bissau

Flow
Scale

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

During 2021, Russia had a large net trade with Guinea-Bissau in the exports of .

During 2014, Guinea-Bissau had a large net trade with Russia in the exports of .

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Russia and Guinea-Bissau. This means that a dot/product with the flag of Russia 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 Russia.

Product Space of Russia (Flag) and Guinea-Bissau (Flag) (2021)

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