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Pricing

2022
Flag → Flag
Exports $9.35MRnk 136 / 217
2022
Flag → Flag
Top Product $3.88MNitrogenous Fertilizers
2022
Flag → Flag
Exports $122kRnk 54 / 105
2022
Flag → Flag
Top Product $115kOther Heating Machinery
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Sweden-Guinea Trade: In 2022, Sweden exported $9.35M to Guinea. The main products that Sweden exported to Guinea were Nitrogenous Fertilizers ($3.88M), Processed Tobacco ($815k), and Matches ($550k). Over the past 5 years the exports of Sweden to Guinea have decreased at an annualized rate of 7.34%, from $13.7M in 2017 to $9.35M in 2022.

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

Guinea-Sweden Trade: In 2022, Guinea exported $122k to Sweden. The main products that Guinea exported to Sweden were Other Heating Machinery ($115k), Gas and Liquid Flow Measuring Instruments ($2.18k), and Electrical Power Accessories ($1.48k). Over the past 5 years the exports of Guinea to Sweden have increased at an annualized rate of 18.4%,  from $16k in 2017 to $122k in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK5.5M and imported SEK2k from Guinea, resulting in a positive trade balance of SEK5.5M. Between May 2023 and May 2024 the exports of Sweden have increased by SEK3.41M (163%) from SEK2.09M to SEK5.5M, while imports decreased by SEK-16k (-88.9%) from SEK18k to SEK2k.

Trade In May 2024, the top exports of Sweden to Guinea were Kraft Paper (SEK338k), Used Rubber Tires (SEK188k), Computers (SEK147k), Interchangeable Tool Parts (SEK114k), and Refrigerators (SEK57k). In May 2024 the top imports of Sweden from Guinea were Other Women's Undergarments (SEK1k).

Growth In May 2024, the increase in Sweden's year-by-year exports to Guinea was explained primarily by an increase in product exports in Computers (SEK145k or 7.25k%), Mattresses (SEK20k or 1k%), and Refrigerators (SEK18k or 46.2%). In April 2024, the decrease in Sweden's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK3.41M(163%)
IMPORT GROWTH (April 2023 - April 2024)SEK-16k(-88.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Guinea and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $9.35M to Guinea. The main products exported from Sweden to Guinea were Nitrogenous Fertilizers ($3.88M), Processed Tobacco ($815k), and Matches ($550k). During the last 5 years the exports of Sweden to Guinea have decreased at an annualized rate of 7.34%, from $13.7M in 2017 to $9.35M in 2022.

In 2017, Guinea exported $122k to Sweden. The main products exported from Guinea to Sweden were Other Heating Machinery ($115k), Gas and Liquid Flow Measuring Instruments ($2.18k), and Electrical Power Accessories ($1.48k). During the last 5 years the exports of Guinea to Sweden have increased at an annualized rate of 18.4%, from $16k in 2022 to $122k in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Sweden than Guinea included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Guinea than Sweden included United Arab Emirates ($2.59B), India ($2.77B), and Brunei ($36.8M).

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

Comparative Advantage Sweden - Guinea

Flow
Scale

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

During 2022, Sweden had a large net trade with Guinea in the exports of Chemical Products ($4.81M), Machines ($2.32M), and Foodstuffs ($815k).

During 2017, Guinea had a large net trade with Sweden in the exports of Machines ($117k), Instruments ($3.66k), and Textiles ($990).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Guinea+$550kTelephones
Top Product Potential Guinea Sweden+$37.4kOther Heating Machinery

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

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

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