Austria (AUT) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Austria-Guinea Trade: In 2023, Austria exported $2.1M to Guinea. The main products that Austria exported to Guinea were Stone Processing Machines ($225k), Light Pure Woven Cotton ($207k), and Video and Card Games ($202k). Over the past 5 years the exports of Austria to Guinea have decreased at an annualized rate of 6.37%, from $2.92M in 2018 to $2.1M in 2023.

In 2023, Austria did not export any services to Guinea.

Guinea-Austria Trade: In 2023, Guinea exported $5.58M to Austria. The main products that Guinea exported to Austria were Cocoa Beans ($5.56M), Medical Instruments ($11.8k), and Percussion ($3.99k). Over the past 5 years the exports of Guinea to Austria have increased at an annualized rate of 51%, from $7.67k in 2018 to $5.58M in 2023.

In 2023, Guinea did not export any services to Austria.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $2.1M to Guinea. The main products exported from Austria to Guinea were Stone Processing Machines ($225k), Light Pure Woven Cotton ($207k), and Video and Card Games ($202k). During the last 5 years the exports of Austria to Guinea have decreased at an annualized rate of 6.37%, from $2.92M in 2018 to $2.1M in 2023.

In 2018, Guinea exported $5.58M to Austria. The main products exported from Guinea to Austria were Cocoa Beans ($5.56M), Medical Instruments ($11.8k), and Percussion ($3.99k). During the last 5 years the exports of Guinea to Austria have increased at an annualized rate of 51%, from $7.67k in 2023 to $5.58M in 2018.

Exports from Austria () to Guinea () (2023)

Exports from Guinea () to Austria () (2023)

Latest Data

Trade between Austria () and Guinea ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Guinea
Top DestinationUnited Arab Emirates$9.05B

This map shows whether countries import more from Austria or Guinea. Each country is colored based on the difference in imports they receive from Austria and Guinea or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Guinea included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Guinea than Austria included United Arab Emirates ($9.05B), China ($6.41B), and Liberia ($10.4M).

Difference in imports from Guinea () and Austria () (2023)

Comparative Advantage Austria - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Austria and Guinea by product, considering products traded by both, Austria and Guinea.

During 2023, Austria had a large net trade with Guinea in the exports of Machines ($948k), Textiles ($402k), and Miscellaneous ($219k).

During 2018, Guinea had a large net trade with Austria in the exports of Foodstuffs ($5.56M), Instruments ($15.8k), and Machines ($939).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Guinea+$248kLight Pure Woven Cotton

Top Product Potential Guinea Austria+$18.2kBase Metal Watches

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Austria and Guinea. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Guinea () (2023)

Exports from Guinea () to Austria () (2023)

Latest Data

Trade between Austria () and Guinea ()

Austria Exports

Market Competitiveness

Difference in imports from Guinea () and Austria () (2023)

Comparative Advantage Austria - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Guinea () (2023)

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