Guinea-Bissau2020 Product Exports | Imports: $143M | $326M, 182 of 226 | 193 of 226
2020 Per Capita Product Exports | Imports: $72.9 | $166, 205 of 219 | 206 of 219
2013 Service Exports | Imports : $23.1M | $67.4M, 178 of 182 | 175 of 180
Overview In 2020 Guinea-Bissau was the number 182 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 ($130M), Non-fillet Frozen Fish ($8.2M), Refined Petroleum ($1.49M), Other Oily Seeds ($1.11M), and Gold ($833k), exporting mostly to India ($127M), Democratic Republic of the Congo ($5.19M), South Korea ($2.09M), Portugal ($1.99M), and Turkey ($1.11M).
Imports The top imports of Guinea-Bissau are Rice ($52.2M), Refined Petroleum ($35.2M), Wheat Flours ($9.95M), Soups and Broths ($8.58M), and Beer ($7.33M), importing mostly from Portugal ($83.9M), Senegal ($57.1M), China ($51.4M), Pakistan ($25.2M), and Netherlands ($19.8M).
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.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
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.
Top Export (2020): Coconuts, Brazil Nuts, and Cashews, $130M
Top Destination (2020): India, $83.9M
In 2020, Guinea-Bissau exported a total of $143M, making it the number 182 exporter in the world. During the last five reported years the exports of Guinea-Bissau have changed by -$151M from $294M in 2015 to $143M in 2020.
The most recent exports are led by Coconuts, Brazil Nuts, and Cashews ($130M), Non-fillet Frozen Fish ($8.2M), Refined Petroleum ($1.49M), Other Oily Seeds ($1.11M), and Gold ($833k). The most common destination for the exports of Guinea-Bissau are India ($127M), Democratic Republic of the Congo ($5.19M), South Korea ($2.09M), Portugal ($1.99M), and Turkey ($1.11M).
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).
Guinea-Bissau has a high level of specialization in Coconuts, Brazil Nuts, and Cashews (1.76k), Non-fillet Frozen Fish (41.6), Fish oil (30.7), Other Oily Seeds (22.8), and Cassava (5.11). 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 Derricks, cranes, including cable cranes, mobile lifting frames, straddle carriers and works trucks fitted with a crane (0.26), Containers; (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport (-0.027), Iron or steel sheet piling, whether or not drilled, punched or made from assembled elements; welded angles, shapes and sections, of iron or steel (-0.18), Melons (including watermelons) and papaws (papayas); fresh (-1.67), and Fats and oils and their fractions of fish or marine mammals; whether or not refined, but not chemically modified (-1.68). 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 Cocoa Beans (0.022), Gold (0.02), Bananas (0.019), Palm Oil (0.019), and Fish Fillets (0.019). 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 a country currently specializes in.
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.
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