Guinea (GIN) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Guinea-Armenia Trade: In 2023, Guinea exported $6 to Armenia. The main products that Guinea exported to Armenia were Other Pure Vegetable Oils ($6). Over the past 6 years the exports of Guinea to Armenia have decreased at an annualized rate of 47.9%, from $301 in 2017 to $6 in 2023.

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

Armenia-Guinea Trade: In 2023, Armenia exported $62.8k to Guinea. The main products that Armenia exported to Guinea were N/A. Over the past 6 years the exports of Armenia to Guinea have increased at an annualized rate of 42.4%, from $10.7k in 2017 to $62.8k in 2023.

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

Comparison: In 2023, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guinea exported $6 to Armenia. The main products exported from Guinea to Armenia were Other Pure Vegetable Oils ($6). During the last 6 years the exports of Guinea to Armenia have decreased at an annualized rate of 47.9%, from $301 in 2017 to $6 in 2023.

In 2009, Armenia exported $62.8k to Guinea. There were not main exports from Armenia to Guinea in 2009. During the last 5 years the exports of Armenia to Guinea have increased at an annualized rate of 42.4%, from $10.7k in 2014 to $62.8k in 2009.

Exports from Guinea () to Armenia () (2023)

Exports from Armenia () to Guinea () (2023)

Latest Data

Trade between Guinea () and Armenia ()

Armenia Exports

Date

Sep 2014

Jun 2014

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Armenia
Top DestinationRussia$3.38B

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

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

In 2023, countries that imported more from Armenia than Guinea included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

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

Comparative Advantage Guinea - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with Armenia in the exports of Animal and Vegetable Bi-Products ($6).

During 2009, Armenia had a large net trade with Guinea in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Armenia+$4.02kGold

Top Product Potential Armenia Guinea+$1.96kRolled Tobacco

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

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Historical Data

Bilateral Trade by Products

Exports from Guinea () to Armenia () (2023)

Exports from Armenia () to Guinea () (2023)

Latest Data

Trade between Guinea () and Armenia ()

Armenia Exports

Market Competitiveness

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

Comparative Advantage Guinea - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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