Guinea (GIN) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Guinea-Australia Trade: In 2022, Guinea exported $402k to Australia. The main products that Guinea exported to Australia were Surveying Equipment ($140k), Bismuth ($107k), and Binoculars and Telescopes ($59.1k). Over the past 5 years the exports of Guinea to Australia have increased at an annualized rate of 40.7%, from $73k in 2017 to $402k in 2022.

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

Australia-Guinea Trade: In 2022, Australia exported $10.3M to Guinea. The main products that Australia exported to Guinea were Refrigerators ($891k), Iron Fasteners ($800k), and Excavation Machinery ($734k). Over the past 5 years the exports of Australia to Guinea have increased at an annualized rate of 12.5%, from $5.68M in 2017 to $10.3M in 2022.

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

Comparison: In 2022, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $402k to Australia. The main products exported from Guinea to Australia were Surveying Equipment ($140k), Bismuth ($107k), and Binoculars and Telescopes ($59.1k). During the last 5 years the exports of Guinea to Australia have increased at an annualized rate of 40.7%, from $73k in 2017 to $402k in 2022.

In 2017, Australia exported $10.3M to Guinea. The main products exported from Australia to Guinea were Refrigerators ($891k), Iron Fasteners ($800k), and Excavation Machinery ($734k). During the last 5 years the exports of Australia to Guinea have increased at an annualized rate of 12.5%, from $5.68M in 2022 to $10.3M in 2017.

Exports from Guinea () to Australia () (2022)

Exports from Australia () to Guinea () (2022)

Latest Data

Trade between Guinea () and Australia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Guinea than Australia included Cape Verde ($1.55M).

In 2022, countries that imported more from Australia than Guinea included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia () and Guinea () (2022)

Comparative Advantage Guinea - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with Australia in the exports of Instruments ($216k), Metals ($107k), and Machines ($66.8k).

During 2017, Australia had a large net trade with Guinea in the exports of Machines ($5.16M), Metals ($2.04M), and Plastics and Rubbers ($1.05M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Australia+$33.5kVideo Displays

Top Product Potential Australia Guinea+$283kMotor 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Australia () (2022)

Exports from Australia () to Guinea () (2022)

Latest Data

Trade between Guinea () and Australia ()

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Guinea () (2022)

Comparative Advantage Guinea - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guinea () and Australia () (2022)

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