Flag Equatorial Guinea

Econ Complexity (2018): -1.78, Rank 136 of 137

Product Exports (2018): $5.74B, Rank 109 of 222

Exports Per Capita (2018): $4.38k, Rank 3 of 219

Product Imports (2018): $846M, Rank 176 of 221

Imports Per Capita (2018): $646, Rank 19 of 219

GDP (2018): $13.4B, CURRENT US$
Rank 131 of 196

GDP growth (2008 - 2018): -32%, CURRENT US$
Rank 193 of 196

GDP PC (2018): $10,262, CURRENT US$
Rank 74 of 196

GDP PC GROWTH (2008 - 2018): -55.3%, CURRENT US$
Rank 196 of 196

Overview: This page contains the latest international trade data for Equatorial Guinea. In 2018 Equatorial Guinea was the number 131 economy in the world in terms of GDP (current US$), the number 109 in total exports, the number 176 in total imports, and the number 136 most complex economy according to the Economic Complexity Index (ECI). In 2018, Equatorial Guinea exported $5.74B and imported $846M, resulting in a positive trade balance of $4.89B. In 2018, Equatorial Guinea's exports per capita were $4.38k and its imports per capita were $646.

Trade: The top exports of Equatorial Guinea are Crude Petroleum ($3.65B), Petroleum Gas ($1.3B), Acyclic Alcohols ($377M), Rough Wood ($343M), and Gold ($17.5M). The top imports of Equatorial Guinea are Cars ($31.5M), Beer ($31.2M), Poultry Meat ($27.3M), Other Furniture ($21.1M), and Gas Turbines ($18.4M).

Destinations: Equatorial Guinea exports mostly to China ($1.9B), Portugal ($575M), India ($553M), United States ($527M), and Spain ($441M), and imports mostly from Spain ($205M), China ($145M), United States ($89.1M), France ($50M), and Netherlands ($40.5M).

Location: Equatorial Guinea borders Cameroon and Gabon by land and Nigeria and Sao Tome and Principe by sea.

Yearly Exports

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Top Export (2018): Crude Petroleum, $3.65B

Top Destination (2018): China, $1.9B

In 2018 Equatorial Guinea exported a total of $5.74B, making it the number 109 exporter in the world. During the last five reported years the exports of Equatorial Guinea have changed by -$7.11B from $12.8B in 2013 to $5.74B in 2018.

The most recent exports are led by Crude Petroleum ($3.65B), Petroleum Gas ($1.3B), Acyclic Alcohols ($377M), Rough Wood ($343M), and Gold ($17.5M). The most common destination for the exports of Equatorial Guinea are China ($1.9B), Portugal ($575M), India ($553M), United States ($527M), and Spain ($441M).

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Yearly Imports

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Top Import (2018): Cars, $31.5M

Top Origin (2018): Spain, $205M

In 2018 Equatorial Guinea imported $846M, making it the number 176 trade destination in the world. During the last five reported years the imports of Equatorial Guinea changed by -$2.18B from $3.03B in 2013 to $846M in 2018.

The most recent imports of Equatorial Guinea are led by Cars ($31.5M), Beer ($31.2M), Poultry Meat ($27.3M), Other Furniture ($21.1M), and Gas Turbines ($18.4M). The most common import partners for Equatorial Guinea are Spain ($205M), China ($145M), United States ($89.1M), France ($50M), and Netherlands ($40.5M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

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This section shows forecasts for total product exports and imports for Equatorial Guinea. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Economic Complexity Ranking

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During the last 6 years Equatorial Guinea's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨137th to the 136th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Equatorial Guinea has a high level of specialization in Rough Wood (69.9), Acyclic Alcohols (32), Petroleum Gas (13.9), Crude Petroleum (10.9), and Veneer Sheets (9.02). Specialization is measured using RCA, an index that takes the ratio between Equatorial Guinea observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Equatorial Guinea according to the product complexity index (PCI) are Acyclic alcohols and their derivatives (-0.63), Veneers and sheets for plywood etc <6mm thick (-0.82), Lead waste or scrap (-1.34), Wood in the rough or roughly squared (-1.51), and Petroleum gases and other gaseous hydrocarbons (-2.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Equatorial Guinea according to the relatedness index, are Cocoa Beans (0.014), Ammonia (0.014), Raw Aluminium (0.013), Sawn Wood (0.013), and Cocoa Shells (0.012). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Equatorial Guinea is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.