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2022
Flag → Flag
Exports $146MRnk 96 / 218
2022
Flag → Flag
Top Product $79.6MRefined Petroleum
2022
Flag → Flag
Exports $211MRnk 5 / 105
2022
Flag → Flag
Top Product $203MAluminium Ore
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Spain-Guinea Trade: In 2022, Spain exported $146M to Guinea. The main products that Spain exported to Guinea were Refined Petroleum ($79.6M), Poultry Meat ($13.6M), and Nitrogenous Fertilizers ($5.75M). Over the past 5 years the exports of Spain to Guinea have increased at an annualized rate of 19.2%, from $60.7M in 2017 to $146M in 2022.

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

Guinea-Spain Trade: In 2022, Guinea exported $211M to Spain. The main products that Guinea exported to Spain were Aluminium Ore ($203M), Rubber ($7.33M), and Gold ($650k). Over the past 5 years the exports of Guinea to Spain have increased at an annualized rate of 8.28%,  from $111M in 2017 to $211M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €5.98M and imported €6.25M from Guinea, resulting in a negative trade balance of €277k. Between August 2023 and August 2024 the exports of Spain have decreased by €-19M (-76%) from €24.9M to €5.98M, while imports increased by €2.63M (72.7%) from €3.62M to €6.25M.

Trade In August 2024, the top exports of Spain to Guinea were Iron Railway Products (€4.1M), Poultry Meat (€1.22M), Flavored Water (€320k), Gypsum (€253k), and Iron Structures (€225k). In August 2024 the top imports of Spain from Guinea were Aluminium Ore (€7.39M), Rubber (€387k), Oscilloscopes (€11.6k), Valves (€615), and Water (€102).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€3.44M), Asturias (€354k), Girona (€266k), Sevilla (€238k), and Valencia (€236k), while imports destinations were mainly Lugo (€6.08M), Valladolid (€160k), Valencia (€17.8k), Barcelona (€1.29k), and A Coruña (€320).

Growth In August 2024, the decrease in Spain's year-by-year exports to Guinea was explained primarily by an decrease in product exports in Refined Petroleum (€-2.5M or -95.4%), Plastic Lids (€-240k or -83.3%), and Fermented Milk Products (€-127k or -93.7%). In August 2024, the increase in Spain's year-by-year imports  from Guinea was explained primarily by an increase in product imports  in Commodities not elsewhere specified (€13.8 or 48.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-19M(-76%)
IMPORT GROWTH (August 2023 - August 2024)€2.63M(72.7%)
MAIN EXPORTER (August 2024)Barcelona€3.44M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Guinea and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $146M to Guinea. The main products exported from Spain to Guinea were Refined Petroleum ($79.6M), Poultry Meat ($13.6M), and Nitrogenous Fertilizers ($5.75M). During the last 5 years the exports of Spain to Guinea have increased at an annualized rate of 19.2%, from $60.7M in 2017 to $146M in 2022.

In 2017, Guinea exported $211M to Spain. The main products exported from Guinea to Spain were Aluminium Ore ($203M), Rubber ($7.33M), and Gold ($650k). During the last 5 years the exports of Guinea to Spain have increased at an annualized rate of 8.28%, from $111M in 2022 to $211M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Spain than Guinea included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Guinea than Spain included United Arab Emirates ($2.59B), India ($2.77B), and Brunei ($36.8M).

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

Comparative Advantage Spain - Guinea

Flow
Scale

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

During 2022, Spain had a large net trade with Guinea in the exports of Mineral Products ($87.8M), Animal Products ($15.5M), and Machines ($8.73M).

During 2017, Guinea had a large net trade with Spain in the exports of Mineral Products ($203M), Plastics and Rubbers ($7.34M), and Precious Metals ($650k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Guinea+$2.35MRefined Petroleum
Top Product Potential Guinea Spain+$3.75MGold

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

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

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