Georgia (GEO) and Guinea (GIN) Trade | The Observatory of Economic Complexity

About

Georgia-Guinea Trade: In 2023, Georgia exported $70.8k to Guinea. The main products that Georgia exported to Guinea were Flavored Water ($64.5k), Other Sugars ($3.28k), and Chocolate ($1.44k). Over the past 10 years the exports of Georgia to Guinea have increased at an annualized rate of 73.3%, from $289 in 2013 to $70.8k in 2023.

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

Guinea-Georgia In N/A, Guinea did not export any products to Georgia.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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, Georgia exported $70.8k to Guinea. The main products exported from Georgia to Guinea were Flavored Water ($64.5k), Other Sugars ($3.28k), and Chocolate ($1.44k). During the last 10 years the exports of Georgia to Guinea have increased at an annualized rate of 73.3%, from $289 in 2013 to $70.8k in 2023.

Guinea does not register exports to Georgia.

Exports from Georgia () to Guinea () (2023)

Exports from Guinea () to Georgia () (2023)

Latest Data

Trade between Georgia () and Guinea ()

Georgia Exports

Date

Apr 2019

Aug 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Georgia than Guinea included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

In 2023, countries that imported more from Guinea than Georgia included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

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

Comparative Advantage Georgia - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Guinea in the exports of Foodstuffs ($69.7k), Plastics and Rubbers ($810), and Textiles ($92).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Guinea+$2.12kRefined Petroleum

Top Product Potential Guinea Georgia+$1.52kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Guinea () (2023)

Exports from Guinea () to Georgia () (2023)

Latest Data

Trade between Georgia () and Guinea ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Georgia - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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