Flag Guinea

2019
Economic
Complexity
: -1.68, Rank 153 of 157

2019
Product
Exports | Imports
: $6.08B | $4.41B, 108 of 225 |  139 of 225

2019
Per Capita Product
Exports | Imports
: $476 | $345, 156 of 219 |  190 of 219

2013
Service
Exports | Imports
: $98.2M | $694M, 171 of 183 | 142 of 181

Overview: In 2019 Guinea was the number 136 economy in the world in terms of GDP (current US$), the number 108 in total exports, the number 139 in total imports, the number 165 economy in terms of GDP per capita (current US$) and the number 153 most complex economy according to the Economic Complexity Index (ECI).

Exports: The top exports of Guinea are Gold ($2.83B), Aluminium Ore ($2.82B), Aluminium Oxide ($91.2M), Non-fillet Frozen Fish ($47.1M), and Coconuts, Brazil Nuts, and Cashews ($45.3M), exporting mostly to United Arab Emirates ($2.36B), China ($2.16B), India ($379M), Belgium ($255M), and Spain ($197M).

In 2019, Guinea was the world's biggest exporter of Aluminium Ore ($2.82B)

Imports: The top imports of Guinea are Rice ($189M), Refined Petroleum ($149M), Packaged Medicaments ($136M), Delivery Trucks ($110M), and Cars ($110M), importing mostly from China ($1.72B), India ($351M), Netherlands ($250M), Belgium ($229M), and United Arab Emirates ($224M).

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

Yearly Exports

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Value
Depth

Top Export (2019): Gold, $2.83B

Top Destination (2019): United Arab Emirates, $2.36B

In 2019, Guinea exported a total of $6.08B, making it the number 108 exporter in the world. During the last five reported years the exports of Guinea have changed by $2.77B from $3.31B in 2014 to $6.08B in 2019.

The most recent exports are led by Gold ($2.83B), Aluminium Ore ($2.82B), Aluminium Oxide ($91.2M), Non-fillet Frozen Fish ($47.1M), and Coconuts, Brazil Nuts, and Cashews ($45.3M). The most common destination for the exports of Guinea are United Arab Emirates ($2.36B), China ($2.16B), India ($379M), Belgium ($255M), and Spain ($197M).

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Yearly Imports

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Value
Depth

Top Import (2019): Rice, $189M

Top Origin (2019): China, $1.72B

In 2019 Guinea imported $4.41B, making it the number 139 trade destination in the world. During the last five reported years the imports of Guinea changed by $362M from $4.04B in 2014 to $4.41B in 2019.

The most recent imports of Guinea are led by Rice ($189M), Refined Petroleum ($149M), Packaged Medicaments ($136M), Delivery Trucks ($110M), and Cars ($110M). The most common import partners for Guinea are China ($1.72B), India ($351M), Netherlands ($250M), Belgium ($229M), and United Arab Emirates ($224M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Guinea Exports Services (2013): $98.2M

Guinea Imports Services (2013): $694M

In 2013, Guinea exported $98.2M worth of services. The top services exported by Guinea in 2013 were Telecommunications services ($63.6M), Audiovisual and related services ($12.2M), Sea transport ($8.27M), Miscellaneous business, professional, and technical services ($8.09M), and Government services, n.i.e. ($3.2M).

The top services imported by Guinea in 2013 were Sea transport ($258M), Miscellaneous business, professional, and technical services ($185M), Government services, n.i.e. ($77.9M), Insurance services ($47.8M), and Personal travel ($39M).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Guinea are Birds' eggs, in shell: fresh, not for incubation, of fowls of the species Gallus domesticus (domestic hens) (35%) and Birds' eggs, in shell: fresh, not for incubation, other than fowls of the species Gallus domesticus (domestic hens) (35%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Guinea are:
136: Most Favoured Nation duty rate treatement
323: Preferential tariff for UEMOA (French: Union Economique et MonΓ©taire Ouest-Africaine)

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 20 years Guinea's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨139th to the 153rd⁩ 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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Guinea has a high level of specialization in Aluminium Ore (1.48k), Gold (24.8), Aluminium Oxide (15.7), Coconuts, Brazil Nuts, and Cashews (15), and Cocoa Beans (8.65). 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

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The highest complexity exports of Guinea according to the product complexity index (PCI) are Railway maintenance-of-way service vehicles (-0.65), Ferrous waste or scrap, ingots or iron or steel (-0.8), Apples, pears and quinces, fresh (-0.92), Aluminium waste or scrap (-0.95), and Aluminium oxide, hydroxide and artificial corundum (-1.03). 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 Guinea according to the relatedness index, are Crude Petroleum (0.031), Manganese Ore (0.03), Niobium, Tantalum, Vanadium and Zirconium Ore (0.027), Tropical Fruits (0.026), and Crustaceans (0.025). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that 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.