Observatory of Economic Complexity

Flag Guinea-Bissau

Product Exports (2018): $152M, Rank 182 of 222

Exports Per Capita (2018): $80.9, Rank 44 of 219

Product Imports (2018): $347M, Rank 188 of 221

Imports Per Capita (2018): $185, Rank 38 of 219

Service Exports (2013): $23.1M, Rank 179 of 183

Service Imports (2013): $67.4M, Rank 176 of 181

GDP (2018): $1.46B, CURRENT US$
Rank 177 of 196

GDP growth (2008 - 2018): 68.6%, CURRENT US$
Rank 59 of 196

GDP PC (2018): $778, CURRENT US$
Rank 178 of 196

GDP PC GROWTH (2008 - 2018): 30.2%, CURRENT US$
Rank 80 of 196

About

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Exports: The top exports of Guinea-Bissau are Coconuts, Brazil Nuts, and Cashews ($132M), Non-fillet Frozen Fish ($9.34M), Rough Wood ($7.62M), Scrap Iron ($701k), and Other Nuts ($246k), exporting mostly to India ($127M), China ($7.64M), Cote d'Ivoire ($3.89M), Ghana ($3.22M), and South Korea ($2.37M).

Imports: The top imports of Guinea-Bissau are Refined Petroleum ($59.9M), Rice ($41.3M), Corn ($14.8M), Malt Extract ($13.4M), and Wheat Flours ($8.5M), importing mostly from Portugal ($120M), Senegal ($68.3M), China ($29.8M), Pakistan ($23.6M), and Netherlands ($18.4M).

Location: Guinea-Bissau borders Guinea and Senegal by land.

Product Trade

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Yearly Exports

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Value
Depth

Top Export (2018): Coconuts, Brazil Nuts, and Cashews, $132M

Top Destination (2018): India, $127M

In 2018, Guinea-Bissau exported a total of $152M, making it the number 182 exporter in the world. During the last five reported years the exports of Guinea-Bissau have changed by -$137M from $288M in 2013 to $152M in 2018.

The most recent exports are led by Coconuts, Brazil Nuts, and Cashews ($132M), Non-fillet Frozen Fish ($9.34M), Rough Wood ($7.62M), Scrap Iron ($701k), and Other Nuts ($246k). The most common destination for the exports of Guinea-Bissau are India ($127M), China ($7.64M), Cote d'Ivoire ($3.89M), Ghana ($3.22M), and South Korea ($2.37M).

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Yearly Imports

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Value
Depth

Top Import (2018): Refined Petroleum, $59.9M

Top Origin (2018): Portugal, $120M

In 2018 Guinea-Bissau imported $347M, making it the number 188 trade destination in the world. During the last five reported years the imports of Guinea-Bissau changed by $33.5M from $314M in 2013 to $347M in 2018.

The most recent imports of Guinea-Bissau are led by Refined Petroleum ($59.9M), Rice ($41.3M), Corn ($14.8M), Malt Extract ($13.4M), and Wheat Flours ($8.5M). The most common import partners for Guinea-Bissau are Portugal ($120M), Senegal ($68.3M), China ($29.8M), Pakistan ($23.6M), and Netherlands ($18.4M).

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Market Growth

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Service Trade

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Service Trade

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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).

Forecasts

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Trade Forecasts

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This section shows forecasts for total product exports and imports for Guinea-Bissau. 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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Most Specialized Products by RCA Index

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Guinea-Bissau has a high level of specialization in Coconuts, Brazil Nuts, and Cashews (1.7k), Rough Wood (58.7), Non-fillet Frozen Fish (43.2), Melons (5.51), and Ground Nuts (2.91). Specialization is measured using RCA, an index that takes the ratio between Guinea-Bissau observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Guinea-Bissau according to the product complexity index (PCI) are Ferrous waste or scrap, ingots or iron or steel (-0.54), Wood in the rough or roughly squared (-1.51), Melons, watermelons and papaws (papayas), fresh (-1.61), Fish, frozen, whole (-1.63), and Nuts except coconut, brazil & cashew, fresh or dried (-1.76). 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-Bissau according to the relatedness index, are Crude Petroleum (0.019), Raw Cotton (0.019), Gold (0.019), Cocoa Beans (0.018), and Crustaceans (0.017). 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.

Product Space

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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 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.

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