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2022
Product
Exports | Imports $8.63B | $1.69B108 of 226 |  169 of 226
2022
Per Capita Product
Exports | Imports $5.15k | $1.01k90 of 219 |  160 of 219

About

Overview In 2022 Equatorial Guinea was the number 108 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 ($3.79B), Petroleum Gas ($2.7B), Packaged Medicaments ($169M), Cars ($148M), and Acyclic Alcohols ($128M), exporting mostly to Zambia ($1.84B), Spain ($1.32B), China ($1.3B), India ($855M), and Italy ($506M).

Imports The top imports of Equatorial Guinea are Special Purpose Ships ($151M), Refined Copper ($120M), Ferroalloys ($100M), Raw Copper ($88.2M), and Poultry Meat ($46.2M), importing mostly from Zambia ($635M), China ($231M), Spain ($167M), Nigeria ($117M), and United States ($68.2M).

Location Equatorial Guinea borders Cameroon and Gabon by land and Nigeria and Sao Tome and Principe by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The 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.

* 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 (2022)Crude Petroleum$3.79B
Top Destination (2022)Zambia$1.84B

In 2022, Equatorial Guinea exported a total of $8.63B, making it the number 108 exporter in the world. During the last five reported years the exports of Equatorial Guinea have changed by $3.91B from $4.72B in 2017 to $8.63B in 2022.

The most recent exports are led by Crude Petroleum ($3.79B), Petroleum Gas ($2.7B), Packaged Medicaments ($169M), Cars ($148M), and Acyclic Alcohols ($128M). The most common destination for the exports of Equatorial Guinea are Zambia ($1.84B), Spain ($1.32B), China ($1.3B), India ($855M), and Italy ($506M).

Explore Visualizations

Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
Spain$610M (+ 86.1%)
Italy$399M (+ 372%)
Chile$307M (+ 288%)
Fastest Growing Import Markets (2021 - 2022)
China$108M (+ 88.7%)
Angola$42M (+ 11.3k%)
United States$21.3M (+ 45.5%)

Total Export Growth by Market (2021 - 2022)

Economic Complexity

Most Specialized Products by RCA Index

Equatorial Guinea has a high level of specialization in Sulfites (22.7), Rough Wood (18), Sulphur (11.9), Non-fillet Frozen Fish (11.6), and Steam Boilers (10.5). Specialization is measured using RCA, an index that takes the ratio between Equatorial Guinea observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Equatorial Guinea according to the relatedness index, were Cobalt Oxides and Hydroxides (0.078), Cobalt Ore (0.073), Raw Copper (0.068), Refined Petroleum (0.067), and Cocoa Beans (0.067). 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

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 Equatorial Guinea. These are products that tend to be co-exported with the products that Equatorial Guinea 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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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.

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