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Pricing

2022
Flag → Flag
Exports $53.3kRnk 59 / 105
2022
Flag → Flag
Top Product $53.3kRefined Petroleum
2022
Flag → Flag
Exports $14.9kRnk 117 / 0
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Guinea-Madagascar Trade: In 2022, Guinea exported $53.3k to Madagascar. The main products that Guinea exported to Madagascar were Refined Petroleum ($53.3k). Over the past 6 years the exports of Guinea to Madagascar have decreased at an annualized rate of 4.94%, from $72.3k in 2016 to $53.3k in 2022.

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

Madagascar-Guinea Trade: In 2022, Madagascar exported $14.9k to Guinea. The main products that Madagascar exported to Guinea were N/A. Over the past 6 years the exports of Madagascar to Guinea have decreased at an annualized rate of 18.4%,  from $41.2k in 2016 to $14.9k in 2022.

In 2022, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guinea exported $53.3k to Madagascar. The main products exported from Guinea to Madagascar were Refined Petroleum ($53.3k). During the last 6 years the exports of Guinea to Madagascar have decreased at an annualized rate of 4.94%, from $72.3k in 2016 to $53.3k in 2022.

In 2016, Madagascar exported $14.9k to Guinea. There were not main exports from Madagascar to Guinea in 2016. During the last 5 years the exports of Madagascar to Guinea have decreased at an annualized rate of 18.4%, from $41.2k in 2021 to $14.9k in 2016.

Exports from Guinea (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Guinea (Flag) (2022)

Latest Data

Trade between Guinea (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Guinea
Top DestinationChina$3.81B
Madagascar
Top DestinationUnited States$756M

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

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

In 2022, countries that imported more from Madagascar than Guinea included United States ($756M), France ($634M), and Japan ($448M).

Difference in imports from Madagascar (Flag) and Guinea (Flag) (2022)

Comparative Advantage Guinea - Madagascar

Flow
Scale

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

During 2022, Guinea had a large net trade with Madagascar in the exports of Mineral Products ($53.3k).

During 2016, Madagascar had a large net trade with Guinea in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea Madagascar+$84.1kRefined Petroleum
Top Product Potential Madagascar Guinea+$2.27kRefined 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

This visualization shows the product space at the HS4 level with the flags of Guinea and Madagascar. This means that a dot/product with the flag of Guinea indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Guinea.

Product Space of Guinea (Flag) and Madagascar (Flag) (2022)

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