Guinea (GIN) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Guinea-Russia Trade: In 2021, Guinea exported $93.1M to Russia. The main products that Guinea exported to Russia were N/A. Over the past 5 years the exports of Guinea to Russia have increased at an annualized rate of 148%, from $989k in 2016 to $93.1M in 2021.

In 2021, Guinea did not export any services to Russia.

Russia-Guinea Trade: In 2021, Russia exported $54.4M to Guinea. The main products that Russia exported to Guinea were N/A. Over the past 5 years the exports of Russia to Guinea have increased at an annualized rate of 33%, from $13.1M in 2016 to $54.4M in 2021.

In 2020, Russia exported services to Guinea worth $1.26M, with Other business services ($594k), Transportation ($342k), and Computer and information services ($200k) being the largest in terms of value.

Comparison: In 2022, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Guinea exported $93.1M to Russia. There were not main exports from Guinea to Russia in 2021. During the last 5 years the exports of Guinea to Russia have increased at an annualized rate of 148%, from $989k in 2016 to $93.1M in 2021.

In 2016, Russia exported $54.4M to Guinea. There were not main exports from Russia to Guinea in 2016. During the last 5 years the exports of Russia to Guinea have increased at an annualized rate of 33%, from $13.1M in 2021 to $54.4M in 2016.

Exports from Guinea () to Russia () (2021)

Exports from Russia () to Guinea () (2021)

Latest Data

Trade between Guinea () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Guinea than Russia included Cape Verde ($1.55M), Mauritania ($1.89M), and Zambia ($3.93k).

In 2022, countries that imported more from Russia than Guinea included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Guinea - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Guinea had a large net trade with Russia in the exports of .

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Russia+$5.12kGold

Top Product Potential Russia Guinea+$7.07kRefined 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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Guinea worth $1.26M, with Other business services ($594k), Transportation ($342k), and Computer and information services ($200k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Guinea () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Russia () (2021)

Exports from Russia () to Guinea () (2021)

Latest Data

Trade between Guinea () and Russia ()

Russia Exports

Market Competitiveness

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

Comparative Advantage Guinea - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Guinea () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Guinea () and Russia () (2021)

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