Guinea (GIN) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Guinea-South Korea Trade: In 2022, Guinea exported $48.9M to South Korea. The main products that Guinea exported to South Korea were Non-fillet Frozen Fish ($35.5M), Scrap Copper ($10.5M), and Scrap Aluminium ($1.8M). Over the past 5 years the exports of Guinea to South Korea have decreased at an annualized rate of 2.86%, from $56.6M in 2017 to $48.9M in 2022.

In 2022, Guinea did not export any services to South Korea.

South Korea-Guinea Trade: In 2022, South Korea exported $33.9M to Guinea. The main products that South Korea exported to Guinea were Other Iron Products ($8.17M), Propylene Polymers ($3.8M), and Cars ($2.36M). Over the past 5 years the exports of South Korea to Guinea have increased at an annualized rate of 1.66%, from $31.2M in 2017 to $33.9M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $48.9M to South Korea. The main products exported from Guinea to South Korea were Non-fillet Frozen Fish ($35.5M), Scrap Copper ($10.5M), and Scrap Aluminium ($1.8M). During the last 5 years the exports of Guinea to South Korea have decreased at an annualized rate of 2.86%, from $56.6M in 2017 to $48.9M in 2022.

In 2017, South Korea exported $33.9M to Guinea. The main products exported from South Korea to Guinea were Other Iron Products ($8.17M), Propylene Polymers ($3.8M), and Cars ($2.36M). During the last 5 years the exports of South Korea to Guinea have increased at an annualized rate of 1.66%, from $31.2M in 2022 to $33.9M in 2017.

Exports from Guinea () to South Korea () (2022)

Exports from South Korea () to Guinea () (2022)

Latest Data

Trade between Guinea () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

South Korea
Top DestinationChina$150B

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

In 2022, no countries were registered that imported more from Guinea than from South Korea.

In 2022, countries that imported more from South Korea than Guinea included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Guinea () (2022)

Comparative Advantage Guinea - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with South Korea in the exports of Animal Products ($36.2M), Metals ($12.3M), and Foodstuffs ($293k).

During 2017, South Korea had a large net trade with Guinea in the exports of Metals ($10.5M), Machines ($7.35M), and Plastics and Rubbers ($6.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea South Korea+$2.44MScrap Copper

Top Product Potential South Korea Guinea+$3.74MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to South Korea () (2022)

Exports from South Korea () to Guinea () (2022)

Latest Data

Trade between Guinea () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Guinea () (2022)

Comparative Advantage Guinea - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guinea () and South Korea () (2022)

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