Guinea (GIN) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Guinea-Denmark Trade: In 2022, Guinea exported $4.16k to Denmark. The main products that Guinea exported to Denmark were Hard Liquor ($3.57k), Insulated Wire ($408), and Motor vehicles; parts and accessories (8701 to 8705) ($95). Over the past 5 years the exports of Guinea to Denmark have increased at an annualized rate of 16.9%, from $1.9k in 2017 to $4.16k in 2022.

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

Denmark-Guinea Trade: In 2022, Denmark exported $10.5M to Guinea. The main products that Denmark exported to Guinea were Beer ($6.52M), Office Machine Parts ($480k), and Refrigerators ($362k). Over the past 5 years the exports of Denmark to Guinea have increased at an annualized rate of 9.4%, from $6.68M in 2017 to $10.5M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $4.16k to Denmark. The main products exported from Guinea to Denmark were Hard Liquor ($3.57k), Insulated Wire ($408), and Motor vehicles; parts and accessories (8701 to 8705) ($95). During the last 5 years the exports of Guinea to Denmark have increased at an annualized rate of 16.9%, from $1.9k in 2017 to $4.16k in 2022.

In 2017, Denmark exported $10.5M to Guinea. The main products exported from Denmark to Guinea were Beer ($6.52M), Office Machine Parts ($480k), and Refrigerators ($362k). During the last 5 years the exports of Denmark to Guinea have increased at an annualized rate of 9.4%, from $6.68M in 2022 to $10.5M in 2017.

Exports from Guinea () to Denmark () (2022)

Exports from Denmark () to Guinea () (2022)

Latest Data

Trade between Guinea () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Guinea included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Guinea - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with Denmark in the exports of Foodstuffs ($3.58k), Machines ($482), and Transportation ($95).

During 2017, Denmark had a large net trade with Guinea in the exports of Foodstuffs ($7.07M), Machines ($2.4M), and Animal Products ($480k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Denmark+$4.1kGold

Top Product Potential Denmark Guinea+$418kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Denmark () (2022)

Exports from Denmark () to Guinea () (2022)

Latest Data

Trade between Guinea () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Guinea - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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