2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 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 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH
116%CURRENT US$
Rnk 6 / 186

About

Ecuador-Guinea Trade: In 2022, Ecuador exported $38k to Guinea. The main products that Ecuador exported to Guinea were Rice ($38k). Over the past 11 years the exports of Ecuador to Guinea have decreased at an annualized rate of 20.4%, from $467k in 2011 to $38k in 2022.

In 2022, Ecuador did not export any services to Guinea.

Guinea-Ecuador Trade: In 2022, Guinea exported $79 to Ecuador. The main products that Guinea exported to Ecuador were Other toys ($79). Over the past 11 years the exports of Guinea to Ecuador have decreased at an annualized rate of 13.8%,  from $166 in 2011 to $79 in 2022.

In 2022, Guinea did not export any services to Ecuador.

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). 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 2022, Ecuador exported $38k to Guinea. The main products exported from Ecuador to Guinea were Rice ($38k). During the last 11 years the exports of Ecuador to Guinea have decreased at an annualized rate of 20.4%, from $467k in 2011 to $38k in 2022.

In 2017, Guinea exported $79 to Ecuador. The main products exported from Guinea to Ecuador were Other toys ($79). During the last 5 years the exports of Guinea to Ecuador have decreased at an annualized rate of 13.8%, from $166 in 2022 to $79 in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Guinea
Top Destination
China$3.81B

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

In 2022, countries that imported more from Ecuador than Guinea included United States ($9.86B), Panama ($4.97B), and China ($6.17B).

In 2022, countries that imported more from Guinea than Ecuador included United Arab Emirates ($2.59B), India ($2.77B), and Ireland ($90.5M).

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

Comparative Advantage Ecuador - Guinea

Flow
Scale

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

During 2022, Ecuador had a large net trade with Guinea in the exports of Vegetable Products ($38k).

During 2017, Guinea had a large net trade with Ecuador in the exports of Miscellaneous ($79).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Guinea+$3.59kRefined Petroleum
Top Product Potential Guinea Ecuador+$2.23kRefined Petroleum

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 Ecuador and Guinea. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Ecuador.

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

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