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2023
Flag → Flag
Exports $2.45kRnk 83 / 109
2023
Flag → Flag
Top Product $1.66kPercussion
2023
Flag → Flag
Exports $632Rnk 4 / 0
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $1,541CURRENT US$
Rnk 166 / 195
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Guinea-Iceland Trade: In 2023, Guinea exported $2.45k to Iceland. The main products that Guinea exported to Iceland were Percussion ($1.66k), Other Vegetables ($389), and Palm Oil ($262). Over the past 10 years the exports of Guinea to Iceland have increased at an annualized rate of 21.2%, from $358 in 2013 to $2.45k in 2023.

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

Iceland-Guinea Trade: In 2023, Iceland exported $632 to Guinea. The main products that Iceland exported to Guinea were N/A. Over the past 10 years the exports of Iceland to Guinea have decreased at an annualized rate of 72.1%,  from $376k in 2013 to $632 in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guinea exported $2.45k to Iceland. The main products exported from Guinea to Iceland were Percussion ($1.66k), Other Vegetables ($389), and Palm Oil ($262). During the last 10 years the exports of Guinea to Iceland have increased at an annualized rate of 21.2%, from $358 in 2013 to $2.45k in 2023.

In 2017, Iceland exported $632 to Guinea. There were not main exports from Iceland to Guinea in 2017. During the last 5 years the exports of Iceland to Guinea have decreased at an annualized rate of 72.1%, from $376k in 2022 to $632 in 2017.

Exports from Guinea (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Guinea (Flag) (2023)

Latest Data

Trade between Guinea (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

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

In 2023, countries that imported more from Iceland than Guinea included Netherlands ($1.97B), United States ($735M), and Germany ($771M).

Difference in imports from Iceland (Flag) and Guinea (Flag) (2023)

Comparative Advantage Guinea - Iceland

Flow
Scale

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

During 2023, Guinea had a large net trade with Iceland in the exports of Instruments ($1.66k), Vegetable Products ($389), and Animal and Vegetable Bi-Products ($262).

During 2017, Iceland had a large net trade with Guinea in the exports of .

Economic Complexity

Competitive Landscape

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.

Product Space of Guinea (Flag) and Iceland (Flag) (2023)

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