2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH
165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH
106%CURRENT US$
Rnk 7 / 195

About

Bolivia-Guinea Trade: In 2023, Bolivia exported $16.9k to Guinea. The main products that Bolivia exported to Guinea were Edible Offal ($16.9k). Over the past 15 years the exports of Bolivia to Guinea have decreased at an annualized rate of 6.5%, from $46.3k in 2008 to $16.9k in 2023.

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

Guinea-Bolivia Trade: In 2023, Guinea exported $3.59k to Bolivia. The main products that Guinea exported to Bolivia were N/A. Over the past 15 years the exports of Guinea to Bolivia have increased at an annualized rate of 60.2%,  from $340 in 2008 to $3.59k in 2023.

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

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). 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
Value

In 2023, Bolivia exported $16.9k to Guinea. The main products exported from Bolivia to Guinea were Edible Offal ($16.9k). During the last 15 years the exports of Bolivia to Guinea have decreased at an annualized rate of 6.5%, from $46.3k in 2008 to $16.9k in 2023.

In 2017, Guinea exported $3.59k to Bolivia. There were not main exports from Guinea to Bolivia in 2017. During the last 5 years the exports of Guinea to Bolivia have increased at an annualized rate of 60.2%, from $340 in 2022 to $3.59k in 2017.

Exports from Bolivia (Flag) to Guinea (Flag) (2023)

Exports from Guinea (Flag) to Bolivia (Flag) (2023)

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Guinea
Top Destination
United Arab Emirates$9.05B

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 2023, countries that imported more from Bolivia than Guinea included Brazil ($1.54B), Argentina ($1.15B), and Colombia ($687M).

In 2023, countries that imported more from Guinea than Bolivia included United Arab Emirates ($9.05B), China ($6.41B), and Switzerland ($241M).

Difference in imports from Guinea (Flag) and Bolivia (Flag) (2023)

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 2023, Bolivia had a large net trade with Guinea in the exports of Animal Products ($16.9k).

During 2017, Guinea had a large net trade with Bolivia in the exports of .

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.

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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) (2023)

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