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).

Location Guinea-Bissau borders Guinea and Senegal by land.

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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.

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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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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).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

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 (1.76k), 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.

Export Opportunities by Relatedness

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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.

Relatedness Space

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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.

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.