2022
Exports
$5.21MWorld Rnk 148 / 214
Flag Rnk 16 / 511
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$797MWorld Rnk 121 / 225
Flag Rnk 1 / 1018
2022
ECONOMIC COMPLEXITY of Guinea
-2.2Rnk 132 / 133

About

Exports In 2022, Guinea exported $5.21M in Refined Petroleum, making it the 148th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 16th most exported product in Guinea. The main destination of Refined Petroleum exports from Guinea are: Senegal ($3.52M), Cape Verde ($1.55M), Burkina Faso ($77.8k), Madagascar ($53.3k), and Cote d'Ivoire ($3.35k).

The fastest growing export markets for Refined Petroleum of Guinea between 2021 and 2022 were Senegal ($3.52M), Cape Verde ($1.55M), and Madagascar ($53.3k).

Imports In 2022, Guinea imported $797M in Refined Petroleum, becoming the 121st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Guinea. Guinea imports Refined Petroleum primarily from: Netherlands ($365M), Greece ($158M), Spain ($79.6M), Belgium ($73.4M), and Italy ($43.4M).

The fastest growing import markets in Refined Petroleum for Guinea between 2021 and 2022 were Netherlands ($359M), Greece ($158M), and Spain ($61M).

Latest Trends

Sep 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 Refined 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 (2022)$5.21M
IMPORTS (2022)$797M
NET TRADE (2022)-$792M

In 2022, Guinea exported $5.21M in Refined Petroleum. The main destinations of Guinea exports on Refined Petroleum were Senegal ($3.52M), Cape Verde ($1.55M), Burkina Faso ($77.8k), Madagascar ($53.3k), and Cote d'Ivoire ($3.35k).

In 2022, Guinea imported $797M in Refined Petroleum, mainly from Netherlands ($365M), Greece ($158M), Spain ($79.6M), Belgium ($73.4M), and Italy ($43.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Guinea WERE (2021 - 2022):
Senegal$3.52M (1%)
Cape Verde$1.55M (1%)
Madagascar$53.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Guinea WERE (2021 - 2022):
Burkina Faso-$21.4k (-21.6%)
Cote d'Ivoire-$7.73k (-69.8%)
India-$3.31k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guinea's main exporting competitors in Refined Petroleum were:
In 2022, Guinea's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSenegal+ $1.39M
TOP IMPORT POTENTIALIndia+ $19.1M

Refined Petroleum’s highest export potential is Senegal. With an export gap of $1.39M.   Refined Petroleum’s highest import potential is India with an import gap of $19.1M.

See methodology.

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