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Overview In 2021 Guinea-Bissau was the number 188 economy in the world in terms of total exports and the number 194 in total imports.

Exports The top exports of Guinea-Bissau are Coconuts, Brazil Nuts, and Cashews ($141M), Petroleum Gas ($19.2M), Non-fillet Frozen Fish ($5.56M), Scrap Vessels ($2.7M), and Other Oily Seeds ($1.76M), exporting mostly to India ($140M), Pakistan ($19.2M), Turkey ($4.34M), Togo ($2.83M), and South Korea ($2.36M).

Imports The top imports of Guinea-Bissau are Refined Petroleum ($53.3M), Rice ($35.3M), Fishing Ships ($32.8M), Flavored Water ($11.1M), and Wheat Flours ($10.7M), importing mostly from Portugal ($109M), China ($88.8M), Senegal ($74.6M), Netherlands ($24M), and Saudi Arabia ($19.7M).

Location Guinea-Bissau borders Guinea and Senegal by land.

Latest Trends

Latest Trade

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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.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

Flow
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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.

Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
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Depth
Top Destination (2021)India$140M

In 2021, Guinea-Bissau exported a total of $172M, making it the number 188 exporter in the world. During the last five reported years the exports of Guinea-Bissau have changed by -$185M from $357M in 2016 to $172M in 2021.

The most recent exports are led by Coconuts, Brazil Nuts, and Cashews ($141M), Petroleum Gas ($19.2M), Non-fillet Frozen Fish ($5.56M), Scrap Vessels ($2.7M), and Other Oily Seeds ($1.76M). The most common destination for the exports of Guinea-Bissau are India ($140M), Pakistan ($19.2M), Turkey ($4.34M), Togo ($2.83M), and South Korea ($2.36M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
India$13.7M (+ 10.8%)
Turkey$3.23M (+ 292%)
Senegal$335k (+ 831%)
Fastest Growing Import Markets (2020 - 2021)
China$37.5M (+ 73%)
Portugal$25M (+ 29.8%)
Senegal$17.5M (+ 30.6%)

Total Export Growth by Market (2020 - 2021)

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 (1.74k), Scrap Vessels (170), Other Oily Seeds (36.5), Non-fillet Frozen Fish (27), and Fish oil (26.4). 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 Fixed vegetable fats and oils (including jojoba oil) and their fractions, whether... (-0.88), Carpets and other textile floor coverings; woven, (not tufted or flocked), whether... (-0.92), Vegetable saps and extracts; pectic substances, pectinates and pectates; agar-agar and other... (-1.13), Vessels and other floating structures; for breaking up (-1.24), and Animals; live, n.e.c. in chapter 01 (-1.24). 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 Gold (0.026), Crude Petroleum (0.025), Crustaceans (0.023), Cocoa Beans (0.022), and Manganese Ore (0.021). 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.

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.

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