2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH
178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH
116%CURRENT US$
Rnk 6 / 186

About

Bolivia-Guinea Trade: In 2018, Bolivia exported $12.3k to Guinea. The main products that Bolivia exported to Guinea were N/A. Over the past 12 years the exports of Bolivia to Guinea have decreased at an annualized rate of 5.03%, from $22.8k in 2006 to $12.3k in 2018.

In 2018, Bolivia did not export any services to Guinea.

Guinea-Bolivia Trade: In 2018, Guinea exported $3.56k to Bolivia. The main products that Guinea exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1.45k), Electrical Ignitions ($385), and Iron Chains ($352). Over the past 12 years the exports of Guinea to Bolivia have increased at an annualized rate of 60.2%,  from $338 in 2006 to $3.56k in 2018.

In 2018, Guinea did not export any services to Bolivia.

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2018, Bolivia exported $12.3k to Guinea. There were not main exports from Bolivia to Guinea in 2018. During the last 12 years the exports of Bolivia to Guinea have decreased at an annualized rate of 5.03%, from $22.8k in 2006 to $12.3k in 2018.

In 2017, Guinea exported $3.56k to Bolivia. The main products exported from Guinea to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($1.45k), Electrical Ignitions ($385), and Iron Chains ($352). During the last 5 years the exports of Guinea to Bolivia have increased at an annualized rate of 60.2%, from $338 in 2022 to $3.56k in 2017.

Exports from Bolivia (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to Bolivia (Flag) (2022)

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Guinea
Top Destination
China$3.81B

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

In 2022, countries that imported more from Bolivia than Guinea included Brazil ($1.89B), Argentina ($1.76B), and Colombia ($1.06B).

In 2022, countries that imported more from Guinea than Bolivia included China ($3.81B), United Arab Emirates ($2.59B), and India ($2.77B).

Difference in imports from Guinea (Flag) and Bolivia (Flag) (2022)

Comparative Advantage Bolivia - Guinea

Flow
Scale

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

During 2018, Bolivia had a large net trade with Guinea in the exports of .

During 2017, Guinea had a large net trade with Bolivia in the exports of Machines ($1.64k), Transportation ($1.45k), and Metals ($352).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Guinea+$2.06kRefined Petroleum
Top Product Potential Guinea Bolivia+$4.33kMotor vehicles; parts and accessories (8701 to 8705)

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Bolivia (Flag) and Guinea (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with