2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH
178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH
116%CURRENT US$
Rnk 6 / 186

About

Singapore-Guinea Trade: In 2022, Singapore exported $3.86M to Guinea. The main products that Singapore exported to Guinea were Refined Petroleum ($1.61M), Excavation Machinery ($647k), and Air Conditioners ($395k). Over the past 5 years the exports of Singapore to Guinea have decreased at an annualized rate of 4.03%, from $4.74M in 2017 to $3.86M in 2022.

In 2022, Singapore did not export any services to Guinea.

Guinea-Singapore Trade: In 2022, Guinea exported $335k to Singapore. The main products that Guinea exported to Singapore were Other Oily Seeds ($125k), Rubber ($67.6k), and Cocoa Powder ($42.6k). Over the past 5 years the exports of Guinea to Singapore have decreased at an annualized rate of 25.8%,  from $1.49M in 2017 to $335k in 2022.

In 2022, Guinea did not export any services to Singapore.

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $3.86M to Guinea. The main products exported from Singapore to Guinea were Refined Petroleum ($1.61M), Excavation Machinery ($647k), and Air Conditioners ($395k). During the last 5 years the exports of Singapore to Guinea have decreased at an annualized rate of 4.03%, from $4.74M in 2017 to $3.86M in 2022.

In 2017, Guinea exported $335k to Singapore. The main products exported from Guinea to Singapore were Other Oily Seeds ($125k), Rubber ($67.6k), and Cocoa Powder ($42.6k). During the last 5 years the exports of Guinea to Singapore have decreased at an annualized rate of 25.8%, from $1.49M in 2022 to $335k in 2017.

Exports from Singapore (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to Singapore (Flag) (2022)

Latest Data

Trade between Singapore (Flag) and Guinea (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Guinea
Top Destination
China$3.81B

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

In 2022, countries that imported more from Singapore than Guinea included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Guinea than Singapore included Cape Verde ($1.55M).

Difference in imports from Guinea (Flag) and Singapore (Flag) (2022)

Comparative Advantage Singapore - Guinea

Flow
Scale

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

During 2022, Singapore had a large net trade with Guinea in the exports of Mineral Products ($1.61M), Machines ($1.49M), and Foodstuffs ($498k).

During 2017, Guinea had a large net trade with Singapore in the exports of Vegetable Products ($125k), Plastics and Rubbers ($68.5k), and Machines ($51k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Guinea+$4.34MRefined Petroleum
Top Product Potential Guinea Singapore+$119kRubber

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

Product Space of Singapore (Flag) and Guinea (Flag) (2022)

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