Guinea (GIN) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Guinea-Iceland Trade: In 2022, Guinea exported $530 to Iceland. The main products that Guinea exported to Iceland were Palm Oil ($298), Precious Stones ($147), and Other Non-Knit Clothing Accessories ($85). Over the past 10 years the exports of Guinea to Iceland have decreased at an annualized rate of 6.17%, from $1k in 2012 to $530 in 2022.

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

Iceland-Guinea Trade: In 2022, Iceland exported $632 to Guinea. The main products that Iceland exported to Guinea were Refrigerators ($632). Over the past 10 years the exports of Iceland to Guinea have decreased at an annualized rate of 36.6%, from $376k in 2012 to $632 in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $530 to Iceland. The main products exported from Guinea to Iceland were Palm Oil ($298), Precious Stones ($147), and Other Non-Knit Clothing Accessories ($85). During the last 10 years the exports of Guinea to Iceland have decreased at an annualized rate of 6.17%, from $1k in 2012 to $530 in 2022.

In 2017, Iceland exported $632 to Guinea. The main products exported from Iceland to Guinea were Refrigerators ($632). During the last 5 years the exports of Iceland to Guinea have decreased at an annualized rate of 36.6%, from $376k in 2022 to $632 in 2017.

Exports from Guinea () to Iceland () (2022)

Exports from Iceland () to Guinea () (2022)

Latest Data

Trade between Guinea () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Guinea than Iceland included China ($3.81B), India ($2.77B), and United Arab Emirates ($2.59B).

In 2022, countries that imported more from Iceland than Guinea included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Guinea - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with Iceland in the exports of Animal and Vegetable Bi-Products ($298), Precious Metals ($147), and Textiles ($85).

During 2017, Iceland had a large net trade with Guinea in the exports of Machines ($632).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Iceland () (2022)

Exports from Iceland () to Guinea () (2022)

Latest Data

Trade between Guinea () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Guinea - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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