Guinea (GIN) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Guinea-Sweden Trade: In 2022, Guinea exported $122k to Sweden. The main products that Guinea exported to Sweden were Other Heating Machinery ($115k), Gas and Liquid Flow Measuring Instruments ($2.18k), and Electrical Power Accessories ($1.48k). Over the past 5 years the exports of Guinea to Sweden have increased at an annualized rate of 50%, from $16k in 2017 to $122k in 2022.

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

Sweden-Guinea Trade: In 2022, Sweden exported $9.35M to Guinea. The main products that Sweden exported to Guinea were Nitrogenous Fertilizers ($3.88M), Processed Tobacco ($815k), and Matches ($550k). Over the past 5 years the exports of Sweden to Guinea have decreased at an annualized rate of 7.34%, from $13.7M in 2017 to $9.35M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $122k to Sweden. The main products exported from Guinea to Sweden were Other Heating Machinery ($115k), Gas and Liquid Flow Measuring Instruments ($2.18k), and Electrical Power Accessories ($1.48k). During the last 5 years the exports of Guinea to Sweden have increased at an annualized rate of 50%, from $16k in 2017 to $122k in 2022.

In 2017, Sweden exported $9.35M to Guinea. The main products exported from Sweden to Guinea were Nitrogenous Fertilizers ($3.88M), Processed Tobacco ($815k), and Matches ($550k). During the last 5 years the exports of Sweden to Guinea have decreased at an annualized rate of 7.34%, from $13.7M in 2022 to $9.35M in 2017.

Exports from Guinea () to Sweden () (2022)

Exports from Sweden () to Guinea () (2022)

Latest Data

Trade between Guinea () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Guinea than Sweden included United Arab Emirates ($2.59B), India ($2.77B), and Brunei ($36.8M).

In 2022, countries that imported more from Sweden than Guinea included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Guinea - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with Sweden in the exports of Machines ($117k), Instruments ($3.66k), and Textiles ($990).

During 2017, Sweden had a large net trade with Guinea in the exports of Chemical Products ($4.81M), Machines ($2.32M), and Foodstuffs ($815k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Sweden+$37.4kOther Heating Machinery

Top Product Potential Sweden Guinea+N/AN/A

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Sweden () (2022)

Exports from Sweden () to Guinea () (2022)

Latest Data

Trade between Guinea () and Sweden ()

Sweden Exports

Market Competitiveness

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

Comparative Advantage Guinea - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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