Guinea (GIN) and India (IND) Trade | The Observatory of Economic Complexity

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Guinea-India Trade: In 2023, Guinea exported $1.45B to India. The main products that Guinea exported to India were Gold ($1.04B), Aluminium Ore ($230M), and Coconuts, Brazil Nuts, and Cashews ($73.3M). Over the past 5 years the exports of Guinea to India have increased at an annualized rate of 29.1%, from $404M in 2018 to $1.45B in 2023.

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

India-Guinea Trade: In 2023, India exported $637M to Guinea. The main products that India exported to Guinea were Rice ($322M), Motorcycles and cycles ($66.8M), and Packaged Medicaments ($22.8M). Over the past 5 years the exports of India to Guinea have increased at an annualized rate of 9.41%, from $406M in 2018 to $637M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guinea exported $1.45B to India. The main products exported from Guinea to India were Gold ($1.04B), Aluminium Ore ($230M), and Coconuts, Brazil Nuts, and Cashews ($73.3M). During the last 5 years the exports of Guinea to India have increased at an annualized rate of 29.1%, from $404M in 2018 to $1.45B in 2023.

In 2018, India exported $637M to Guinea. The main products exported from India to Guinea were Rice ($322M), Motorcycles and cycles ($66.8M), and Packaged Medicaments ($22.8M). During the last 5 years the exports of India to Guinea have increased at an annualized rate of 9.41%, from $406M in 2023 to $637M in 2018.

Exports from Guinea () to India () (2023)

Exports from India () to Guinea () (2023)

Latest Data

Trade between Guinea () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

India
Top DestinationUnited States$85.5B

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

In 2023, no countries were registered that imported more from Guinea than from India.

In 2023, countries that imported more from India than Guinea included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

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

Comparative Advantage Guinea - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with India in the exports of Precious Metals ($1.04B), Mineral Products ($277M), and Vegetable Products ($75.6M).

During 2018, India had a large net trade with Guinea in the exports of Vegetable Products ($324M), Transportation ($91.3M), and Machines ($48.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea India+$6.17MScrap Aluminium

Top Product Potential India Guinea+$19.1MRefined 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 India. This means that a dot/product with the flag of Guinea indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Guinea.

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to India () (2023)

Exports from India () to Guinea () (2023)

Latest Data

Trade between Guinea () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Guinea - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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