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Exports In 2023, Equatorial Guinea exported $228k in Cars, making it the 172nd largest exporter of Cars in the world. At the same year, Cars was the 18th most exported product in Equatorial Guinea. The main destination of Cars exports from Equatorial Guinea are: Spain ($187k), Nigeria ($22.6k), Sao Tome and Principe ($10.6k), and Benin ($7.42k).

The fastest growing export markets for Cars of Equatorial Guinea between 2022 and 2023 were Nigeria ($22.6k) and Benin ($7.42k).

Imports In 2023, Equatorial Guinea imported $18.7M in Cars, becoming the 184th largest importer of Cars in the world. At the same year, Cars was the 8th most imported product in Equatorial Guinea. Equatorial Guinea imports Cars primarily from: Belgium ($5.42M), United Arab Emirates ($5.3M), Germany ($3.42M), Spain ($2.83M), and United States ($891k).

The fastest growing import markets in Cars for Equatorial Guinea between 2022 and 2023 were Germany ($3.08M), United Arab Emirates ($2.55M), and Belgium ($1.59M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$228k
IMPORTS (2023)$18.7M
NET TRADE (2023)-$18.5M

In 2023, Equatorial Guinea exported $228k in Cars. The main destinations of Equatorial Guinea exports on Cars were Spain ($187k), Nigeria ($22.6k), Sao Tome and Principe ($10.6k), and Benin ($7.42k).

In 2023, Equatorial Guinea imported $18.7M in Cars, mainly from Belgium ($5.42M), United Arab Emirates ($5.3M), Germany ($3.42M), Spain ($2.83M), and United States ($891k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Equatorial Guinea WERE (2022 - 2023):
Nigeria$22.6k (1%)
Benin$7.42k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Equatorial Guinea WERE (2022 - 2023):
Spain-$24.9k (-11.7%)
Republic of the Congo-$18.3k (-100%)
Belgium-$8.07k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Equatorial Guinea's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Equatorial Guinea's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSpain+ $889k
TOP IMPORT POTENTIALSpain+ $1.63M

Cars’s highest export potential is Spain. With an export gap of $889k.   Cars’s highest import potential is Spain with an import gap of $1.63M.

See methodology.

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