About

Overview In 2021, Guinea was the number 124 economy in the world in terms of GDP (current US$), the number 98 in total exports, the number 136 in total imports, the number 179 economy in terms of GDP per capita (current US$) and the number 130 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Guinea are Gold ($5.79B), Aluminium Ore ($3.2B), Aluminium Oxide ($92.5M), Iron Ore ($71.1M), and Cocoa Beans ($63.5M), exporting mostly to India ($3.41B), United Arab Emirates ($2.55B), China ($2.36B), Switzerland ($240M), and Spain ($167M).

In 2021, Guinea was the world's biggest exporter of Aluminium Ore ($3.2B)

Imports The top imports of Guinea are Rice ($334M), Motorcycles and cycles ($145M), Cars ($140M), Refined Petroleum ($140M), and Broadcasting Equipment ($116M), importing mostly from China ($2.16B), India ($596M), United Arab Emirates ($242M), Turkey ($224M), and Belgium ($182M).

Location Guinea borders Cote d'Ivoire, Guinea-Bissau, Liberia, Mali, Senegal, and Sierra Leone by land.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Guinea.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Gold$5.79B
Top Destination (2021)India$3.41B

In 2021, Guinea exported a total of $9.49B, making it the number 98 exporter in the world. During the last five reported years the exports of Guinea have changed by $5.5B from $3.99B in 2016 to $9.49B in 2021.

The most recent exports are led by Gold ($5.79B), Aluminium Ore ($3.2B), Aluminium Oxide ($92.5M), Iron Ore ($71.1M), and Cocoa Beans ($63.5M). The most common destination for the exports of Guinea are India ($3.41B), United Arab Emirates ($2.55B), China ($2.36B), Switzerland ($240M), and Spain ($167M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
India$2.43B (+ 247%)
China$280M (+ 13.4%)
Netherlands$21.6M (+ 119%)
Fastest Growing Import Markets (2020 - 2021)
China$247M (+ 12.9%)
India$142M (+ 31.3%)
Turkey$87.9M (+ 64.7%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Guinea Exports Services (2019)$77.7M
Guinea Imports Services (2019)$809M

In 2019, Guinea exported $77.7M worth of services. The top services exported by Guinea in 2019 were Computer and information services ($50.6M), Other business services ($11.4M), Business travel ($9.22M), Financial services ($3.66M), and Insurance services ($1.56M).

The top services imported by Guinea in 2019 were Transportation ($417M), Other business services ($160M), Construction services ($75.6M), Computer and information services ($53.7M), and Insurance services ($50.1M).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)-1.84Rank 130 of 131
Economic Complexity (Research)-1.49Rank 139 of 140

Most Specialized Products by RCA Index

Guinea has a high level of specialization in Aluminium Ore (1.23k), Gold (29.6), Cocoa Beans (14.7), Aluminium Oxide (13.6), and Coconuts, Brazil Nuts, and Cashews (11.6). Specialization is measured using RCA, an index that takes the ratio between Guinea observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Guinea according to the product complexity index (PCI) are Copper; waste and scrap (-0.95), Antiques; of an age exceeding one hundred years (-1.07), Aluminium oxide (including artificial corundum); aluminium hydroxide (-1.15), Flours, meal and pellets, of meat or meat offal, of fish or... (-1.5), and Fish; frozen, excluding fish fillets and other fish meat of heading 0304 (-1.55). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Guinea according to the relatedness index, were Manganese Ore (0.029), Tin Ores (0.029), Coconut Oil (0.025), Palm Oil (0.024), and Crude Petroleum (0.023). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Guinea is not specialized in.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Guinea. These are products that tend to be co-exported with the products that Guinea exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Guinea's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 130th⁩ 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.

Explore Rankings

ECI (Trade) Ranking by Country

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