Guinea (GIN) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Guinea-Spain Trade: In 2023, Guinea exported $184M to Spain. The main products that Guinea exported to Spain were Aluminium Ore ($96.5M), Crude Petroleum ($79.8M), and Rubber ($7.15M). Over the past 5 years the exports of Guinea to Spain have increased at an annualized rate of 0.65%, from $178M in 2018 to $184M in 2023.

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

Spain-Guinea Trade: In 2023, Spain exported $112M to Guinea. The main products that Spain exported to Guinea were Iron Pipes ($18M), Poultry Meat ($16.5M), and Refined Petroleum ($13.2M). Over the past 5 years the exports of Spain to Guinea have increased at an annualized rate of 5.43%, from $86.3M in 2018 to $112M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guinea exported $184M to Spain. The main products exported from Guinea to Spain were Aluminium Ore ($96.5M), Crude Petroleum ($79.8M), and Rubber ($7.15M). During the last 5 years the exports of Guinea to Spain have increased at an annualized rate of 0.65%, from $178M in 2018 to $184M in 2023.

In 2018, Spain exported $112M to Guinea. The main products exported from Spain to Guinea were Iron Pipes ($18M), Poultry Meat ($16.5M), and Refined Petroleum ($13.2M). During the last 5 years the exports of Spain to Guinea have increased at an annualized rate of 5.43%, from $86.3M in 2023 to $112M in 2018.

Exports from Guinea () to Spain () (2023)

Exports from Spain () to Guinea () (2023)

Latest Data

Trade between Guinea () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Guinea than Spain included United Arab Emirates ($9.05B).

In 2023, countries that imported more from Spain than Guinea included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Guinea - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with Spain in the exports of Mineral Products ($176M), Plastics and Rubbers ($7.15M), and Foodstuffs ($333k).

During 2018, Spain had a large net trade with Guinea in the exports of Metals ($33.2M), Mineral Products ($20.6M), and Animal Products ($20.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Spain+$3.75MGold

Top Product Potential Spain Guinea+$2.35MRefined 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 Guinea and Spain. This means that a dot/product with the flag of Guinea indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Guinea.

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Spain () (2023)

Exports from Spain () to Guinea () (2023)

Latest Data

Trade between Guinea () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Guinea - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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