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

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Guinea-Denmark Trade: In 2023, Guinea exported $334k to Denmark. The main products that Guinea exported to Denmark were Fuel Wood ($312k), Broadcasting Equipment ($19.7k), and Hard Liquor ($1.77k). Over the past 5 years the exports of Guinea to Denmark have increased at an annualized rate of 71%, from $22.9k in 2018 to $334k in 2023.

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

Denmark-Guinea Trade: In 2023, Denmark exported $9.02M to Guinea. The main products that Denmark exported to Guinea were Beer ($3.24M), Computers ($727k), and Vaccines, blood, antisera, toxins and cultures ($487k). Over the past 5 years the exports of Denmark to Guinea have decreased at an annualized rate of 2.78%, from $10.4M in 2018 to $9.02M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guinea exported $334k to Denmark. The main products exported from Guinea to Denmark were Fuel Wood ($312k), Broadcasting Equipment ($19.7k), and Hard Liquor ($1.77k). During the last 5 years the exports of Guinea to Denmark have increased at an annualized rate of 71%, from $22.9k in 2018 to $334k in 2023.

In 2018, Denmark exported $9.02M to Guinea. The main products exported from Denmark to Guinea were Beer ($3.24M), Computers ($727k), and Vaccines, blood, antisera, toxins and cultures ($487k). During the last 5 years the exports of Denmark to Guinea have decreased at an annualized rate of 2.78%, from $10.4M in 2023 to $9.02M in 2018.

Exports from Guinea () to Denmark () (2023)

Exports from Denmark () to Guinea () (2023)

Latest Data

Trade between Guinea () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Denmark than Guinea included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

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 2023, Guinea had a large net trade with Denmark in the exports of Wood Products ($312k), Machines ($20.5k), and Foodstuffs ($1.77k).

During 2018, Denmark had a large net trade with Guinea in the exports of Foodstuffs ($4.23M), Machines ($2.6M), and Chemical Products ($904k).

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 () (2023)

Exports from Denmark () to Guinea () (2023)

Latest Data

Trade between Guinea () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Guinea - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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