Guinea-Bissau2019 Economic Complexity: -2.32, Rank 157 of 157
2019 Product Exports | Imports: $246M | $331M, 178 of 225 | 194 of 225
2019 Per Capita Product Exports | Imports: $128 | $172, 189 of 219 | 206 of 219
2013 Service Exports | Imports : $23.1M | $67.4M, 179 of 183 | 176 of 181
Overview: In 2019 Guinea-Bissau was the number 173 economy in the world in terms of GDP (current US$), the number 178 in total exports, the number 194 in total imports, the number 175 economy in terms of GDP per capita (current US$) and the number 157 most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Guinea-Bissau are Coconuts, Brazil Nuts, and Cashews ($127M), Gold ($69.2M), Non-fillet Frozen Fish ($34.1M), Rough Wood ($7.4M), and Aluminium Ore ($3.17M), exporting mostly to India ($122M), Belgium ($69.8M), Cote d'Ivoire ($19.7M), China ($7.55M), and Ghana ($6.5M).
Imports: The top imports of Guinea-Bissau are Refined Petroleum ($49.8M), Rice ($41.1M), Wheat Flours ($10.5M), Soups and Broths ($8.74M), and Malt Extract ($8.66M), importing mostly from Portugal ($102M), Senegal ($65.5M), China ($31.9M), Netherlands ($23M), and Pakistan ($21.9M).
Top Export (2019): Coconuts, Brazil Nuts, and Cashews, $127M
Top Destination (2019): India, $122M
In 2019, Guinea-Bissau exported a total of $246M, making it the number 178 exporter in the world. During the last five reported years the exports of Guinea-Bissau have changed by -$23.3M from $269M in 2014 to $246M in 2019.
The most recent exports are led by Coconuts, Brazil Nuts, and Cashews ($127M), Gold ($69.2M), Non-fillet Frozen Fish ($34.1M), Rough Wood ($7.4M), and Aluminium Ore ($3.17M). The most common destination for the exports of Guinea-Bissau are India ($122M), Belgium ($69.8M), Cote d'Ivoire ($19.7M), China ($7.55M), and Ghana ($6.5M).
Top Import (2019): Refined Petroleum, $49.8M
Top Origin (2019): Portugal, $102M
In 2019 Guinea-Bissau imported $331M, making it the number 194 trade destination in the world. During the last five reported years the imports of Guinea-Bissau changed by -$78.5M from $409M in 2014 to $331M in 2019.
The most recent imports of Guinea-Bissau are led by Refined Petroleum ($49.8M), Rice ($41.1M), Wheat Flours ($10.5M), Soups and Broths ($8.74M), and Malt Extract ($8.66M). The most common import partners for Guinea-Bissau are Portugal ($102M), Senegal ($65.5M), China ($31.9M), Netherlands ($23M), and Pakistan ($21.9M).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
Guinea-Bissau Exports Services (2013): $23.1M
Guinea-Bissau Imports Services (2013): $67.4M
In 2013, Guinea-Bissau exported $23.1M worth of services. The top services exported by Guinea-Bissau in 2013 were Communications services ($8.64M), Travel ($7.42M), Other business services ($4.82M), Financial services ($1.12M), and Government services, n.i.e. ($649k).
The top services imported by Guinea-Bissau in 2013 were Transportation ($25.2M), Travel ($19.8M), Other business services ($10.2M), Communications services ($5.32M), and Insurance services ($2.82M).
During the last 20 years Guinea-Bissau's economy has become relatively less complex, moving from the 140th to the 157th 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.
Guinea-Bissau has a high level of specialization in Coconuts, Brazil Nuts, and Cashews (1.04k), Non-fillet Frozen Fish (98.3), Aluminium Ore (41.2), Rough Wood (36.1), and Gold (15). Specialization is measured using RCA, an index that takes the ratio between Guinea-Bissau observed and expected exports in each product.
The highest complexity exports of Guinea-Bissau according to the product complexity index (PCI) are Bicycles, other cycles, not motorized (0.22), Ferrous waste or scrap, ingots or iron or steel (-0.8), Melons, watermelons and papaws (papayas), fresh (-1.67), Wood in the rough or roughly squared (-1.71), and Fish, frozen, whole (-1.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Guinea-Bissau according to the relatedness index, are Crude Petroleum (0.025), Cocoa Beans (0.021), Manganese Ore (0.021), Crustaceans (0.02), and Cassava (0.02). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Guinea-Bissau 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.
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.
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