2023
Exports
$79.8MWorld Rnk 73 / 150
Flag Rnk 4 / 528
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$27.7kWorld Rnk 113 / 159
Flag Rnk 805 / 1029
2023
ECONOMIC COMPLEXITY of Guinea
-2.18Rnk 131 / 132

About

Exports In 2023, Guinea exported $79.8M in Crude Petroleum, making it the 73rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most exported product in Guinea. The main destination of Crude Petroleum exports from Guinea are: Spain ($79.8M) and Belgium ($11).

The fastest growing export markets for Crude Petroleum of Guinea between 2022 and 2023 were Spain ($79.8M) and Belgium ($11).

Imports In 2023, Guinea imported $27.7k in Crude Petroleum, becoming the 113th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 805th most imported product in Guinea. Guinea imports Crude Petroleum primarily from: Senegal ($27.7k).

The fastest growing import markets in Crude Petroleum for Guinea between N/A and 2023 were Senegal ($27.7k).

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 Crude Petroleum. 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)$79.8M
IMPORTS (2023)$27.7k
NET TRADE (2023)$79.8M

In 2023, Guinea exported $79.8M in Crude Petroleum. The main destinations of Guinea exports on Crude Petroleum were Spain ($79.8M) and Belgium ($11).

In 2023, Guinea imported $27.7k in Crude Petroleum, mainly from Senegal ($27.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Guinea WERE (2022 - 2023):
Spain$79.8M (1%)
Belgium$11 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Guinea WERE (2022 - 2023):Brunei-$43M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guinea's main exporting competitors in Crude Petroleum were:
In 2023, Guinea's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.54k
TOP IMPORT POTENTIALNigeria+ $805

Crude Petroleum’s highest export potential is China. With an export gap of $1.54k.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $805.

See methodology.

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