Equatorial Guinea
2020 Product Exports | Imports: $2.65B | $1.2B, 132 of 226 | 169 of 226
2020 Per Capita Product Exports | Imports: $10.4k | $4.71k, N/A of N/A | N/A of N/A
Overview In 2020 Equatorial Guinea was the number 132 economy in the world in terms of total exports and the number 169 in total imports.
Exports The top exports of Equatorial Guinea are Crude Petroleum ($1.93B), Petroleum Gas ($530M), Acyclic Alcohols ($93.7M), Rough Wood ($60.9M), and Veneer Sheets ($11M), exporting mostly to China ($1.01B), Spain ($367M), Portugal ($348M), India ($315M), and South Korea ($127M).
Imports The top imports of Equatorial Guinea are Scrap Vessels ($264M), Special Purpose Ships ($93.2M), Other Large Iron Pipes ($32.1M), Passenger and Cargo Ships ($31.2M), and Poultry Meat ($30.6M), importing mostly from Nigeria ($376M), Spain ($188M), China ($122M), United States ($94.8M), and Brazil ($44.8M).
Location Equatorial Guinea borders Cameroonand Gabon by land and Nigeriaand Sao Tome and Principe by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Equatorial Guinea.
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.
Latest Data
#permalink to sectionData 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
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2020): Crude Petroleum, $1.93B
Top Destination (2020): China, $1.01B
In 2020, Equatorial Guinea exported a total of $2.65B, making it the number 132 exporter in the world. During the last five reported years the exports of Equatorial Guinea have changed by -$3.33B from $5.97B in 2015 to $2.65B in 2020.
The most recent exports are led by Crude Petroleum ($1.93B), Petroleum Gas ($530M), Acyclic Alcohols ($93.7M), Rough Wood ($60.9M), and Veneer Sheets ($11M). The most common destination for the exports of Equatorial Guinea are China ($1.01B), Spain ($367M), Portugal ($348M), India ($315M), and South Korea ($127M).
Yearly Imports
#permalink to sectionTop Import (2020): Scrap Vessels, $264M
Top Origin (2020): Nigeria, $376M
In 2020 Equatorial Guinea imported $1.2B, making it the number 169 trade destination in the world. During the last five reported years the imports of Equatorial Guinea changed by -$511M from $1.71B in 2015 to $1.2B in 2020.
The most recent imports of Equatorial Guinea are led by Scrap Vessels ($264M), Special Purpose Ships ($93.2M), Other Large Iron Pipes ($32.1M), Passenger and Cargo Ships ($31.2M), and Poultry Meat ($30.6M). The most common import partners for Equatorial Guinea are Nigeria ($376M), Spain ($188M), China ($122M), United States ($94.8M), and Brazil ($44.8M).
Market Growth
#permalink to sectionFastest Growing Export Markets (N/A - N/A)
- France, $1.66B (+ 308%)
- United States, $1.45B (+ 88.6%)
- Spain, $1.4B (+ 126%)
Fastest Growing Import Markets (N/A - N/A)
- Nigeria, $3.34B (+ 14.2k%)
- United States, $510M (+ 226%)
- Nigeria, $343M (+ 1.04k%)
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionEquatorial Guinea has a high level of specialization in Rough Wood (29.2), Acyclic Alcohols (22.4), Veneer Sheets (20.1), Crude Petroleum (19), and Petroleum Gas (15.4). Specialization is measured using RCA, an index that takes the ratio between Equatorial Guinea observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Equatorial Guinea according to the product complexity index (PCI) are Acyclic alcohols and their derivatives (-0.34), Ferrous waste or scrap, ingots or iron or steel (-0.41), Veneers and sheets for plywood etc <6mm thick (-0.5), Wood sawn, chipped lengthwise, sliced or peeled (-1.15), and Wood in the rough or roughly squared (-1.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Equatorial Guinea according to the relatedness index, are Cocoa Beans (0.017), Gold (0.015), Raw Aluminium (0.015), Non-fillet Frozen Fish (0.014), and Refined Petroleum (0.014). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Equatorial Guinea is not specialized in.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
