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2023
Product
Exports | Imports $109M | $568M194 of 226 |  193 of 226
2023
Per Capita Product
Exports | Imports $50.6 | $264175 of 220 |  201 of 220

About

Overview In 2023 Guinea-Bissau was the number 194 economy in the world in terms of total exports and the number 193 in total imports.

Exports The top exports of Guinea-Bissau are Coconuts, Brazil Nuts, and Cashews ($76.8M), Fish Oil ($13.5M), Non-fillet Frozen Fish ($13.3M), Processed Crustaceans ($1.61M), and Malt Extract ($673k), exporting mostly to India ($72.3M), Chile ($10M), Cote d'Ivoire ($5.88M), Ghana ($4.73M), and Netherlands ($2.8M).

Imports The top imports of Guinea-Bissau are Refined Petroleum ($139M), Raw Iron Bars ($81.7M), Rice ($45.6M), Flavored Water ($11.5M), and Beer ($10.8M), importing mostly from Senegal ($157M), Portugal ($138M), China ($62.6M), Gambia ($59.3M), and Pakistan ($21.1M).

Location Guinea-Bissau borders Guinea and Senegal by land.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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

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

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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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 (2023)Coconuts, Brazil Nuts, and Cashews$76.8M
Top Destination (2023)India$72.3M

In 2023, Guinea-Bissau exported a total of $109M, making it the number 194 exporter in the world. During the last five reported years the exports of Guinea-Bissau have changed by -$128M from $237M in 2018 to $109M in 2023.

The most recent exports are led by Coconuts, Brazil Nuts, and Cashews ($76.8M), Fish Oil ($13.5M), Non-fillet Frozen Fish ($13.3M), Processed Crustaceans ($1.61M), and Malt Extract ($673k). The most common destination for the exports of Guinea-Bissau are India ($72.3M), Chile ($10M), Cote d'Ivoire ($5.88M), Ghana ($4.73M), and Netherlands ($2.8M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Chile$9.39M (+ 1.44k%)
Turkey$2.09M (+ 495%)
Liberia$1.71M (+ 597%)
Fastest Growing Import Markets (2022 - 2023)
Senegal$68.9M (+ 77.9%)
Gambia$58.6M (+ 9.4k%)
Pakistan$17.9M (+ 566%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2013)

Service Imports (2013)

Economic Complexity

Most Specialized Products by RCA Index

Guinea-Bissau has a high level of specialization in Coconuts, Brazil Nuts, and Cashews (1.81k), Fish Oil (659), Non-fillet Frozen Fish (106), Processed Crustaceans (20.1), and Other Oily Seeds (16.2). 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

The highest complexity exports of Guinea-Bissau according to the product complexity index (PCI) are by weight), weights calculated on a totally defatted basis, n.e.c. (-0.1), Starches; inulin (-0.36), Beer made from malt (-0.4), Footwear; parts of footwear; removable in-soles, heel cushions and similar articles; gaiters,... (-0.65), and Aluminium; waste and scrap (-0.67). 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-Bissau according to the relatedness index, were Cocoa Beans (0.046), Gold (0.041), Crustaceans (0.041), Fish Fillets (0.037), and Bran (0.037). 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

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

Relatedness Space (2023)

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.

Diversification Frontier

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