HS Icon Refined Petroleum in  Flag Guinea

2021
Exports | Imports
: $102k | $140M, World Rnk 177 / 218
Flag Rnk 78 / 511 | World Rnk 158 / 226
Flag Rnk 4 / 1006

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $97.3k | $22.4M, Burkina Faso |  Italy

2021
ECONOMIC COMPLEXITY of Guinea
: -1.84, Rnk 130 / 131

2021
PRODUCT COMPLEXITY IN Refined Petroleum
: -0.92, Rnk 817 / 1029

Exports In 2021, Guinea exported $102k in Refined Petroleum, making it the 177th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 78th most exported product in Guinea. The main destination of Refined Petroleum exports from Guinea are: Burkina Faso ($97.3k), India ($2.96k), Belgium ($1.76k), France ($167), and Netherlands ($137).

The fastest growing export markets for Refined Petroleum of Guinea between 2020 and 2021 were Burkina Faso ($97.3k), India ($2.96k), and Belgium ($662).

Imports In 2021, Guinea imported $140M in Refined Petroleum, becoming the 158th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in Guinea. Guinea imports Refined Petroleum primarily from: United Arab Emirates ($25.9M), Italy ($23.1M), Spain ($18.7M), Belgium ($17.2M), and Turkey ($15.4M).

The fastest growing import markets in Refined Petroleum for Guinea between 2020 and 2021 were Italy ($22.4M), Belgium ($16.6M), and Turkey ($12M).

Tariffs In 2018, the average tariff for Guinea in Refined Petroleum was 7.82%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatment, 8.26%), Burundi (Most Favoured Nation duty rate treatment, 8.26%), Botswana (Most Favoured Nation duty rate treatment, 8.26%), Central African Republic (Most Favoured Nation duty rate treatment, 8.26%), and Cameroon (Most Favoured Nation duty rate treatment, 8.26%).

Subnational Monthly Trade

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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

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EXPORTS (2021): $102k

IMPORTS (2021): $140M

NET TRADE (2021): -$140M

In 2021, Guinea exported $102k in Refined Petroleum. The main destinations of Guinea exports on Refined Petroleum were Burkina Faso ($97.3k), India ($2.96k), Belgium ($1.76k), France ($167), and Netherlands ($137).

In 2021, Guinea imported $140M in Refined Petroleum, mainly from United Arab Emirates ($25.9M), Italy ($23.1M), Spain ($18.7M), Belgium ($17.2M), and Turkey ($15.4M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Guinea WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Guinea WERE (2020 - 2021):

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Market Concentration

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In 2021, Guinea's main exporting competitors in Refined Petroleum were:

In 2021, Guinea's main importing competitors in Refined Petroleum were:

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