Overview In 2020 Guinea was the number 119 economy in the world in terms of GDP (current US$), the number 82 in total exports, the number 135 in total imports, the number 167 economy in terms of GDP per capita (current US$) and the number 124 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Guinea are Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or... ($8.19B), Aluminium ores and concentrates ($3.01B), Aluminium oxide (including artificial corundum); aluminium hydroxide ($88.9M), Petroleum oils and oils obtained from bituminous minerals; crude ($49.5M), and Fish; frozen, excluding fish fillets and other fish meat of heading 0304 ($44.4M), exporting mostly to United Arab Emirates ($6.81B), China ($2.12B), India ($985M), Switzerland ($277M), and Belgium ($254M).

In 2020, Guinea was the world's biggest exporter of Aluminium ores and concentrates ($3.01B)

Imports The top imports of Guinea are Rice ($239M), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of... ($136M), Motor cars and other motor vehicles; principally designed for the transport of... ($121M), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes ($113M), and Motorcycles (including mopeds) and cycles; fitted with an auxiliary motor, with or... ($110M), importing mostly from China ($1.91B), India ($454M), United Arab Emirates ($264M), Netherlands ($216M), and France ($164M).

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

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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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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

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

Historical Data

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In 2020, Guinea exported a total of $11.6B, making it the number 82 exporter in the world. During the last five reported years the exports of Guinea have changed by $8.98B from $2.63B in 2015 to $11.6B in 2020.

The most recent exports are led by Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or... ($8.19B), Aluminium ores and concentrates ($3.01B), Aluminium oxide (including artificial corundum); aluminium hydroxide ($88.9M), Petroleum oils and oils obtained from bituminous minerals; crude ($49.5M), and Fish; frozen, excluding fish fillets and other fish meat of heading 0304 ($44.4M). The most common destination for the exports of Guinea are United Arab Emirates ($6.81B), China ($2.12B), India ($985M), Switzerland ($277M), and Belgium ($254M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Export Opportunities by Relatedness

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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

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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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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

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During the last 13 years Guinea's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨114th to the 124th⁩ 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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