2023
Flag  
GDP
$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
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GDP GROWTH
165%CURRENT US$
Rnk 4 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
2023
Flag
GDP PC 
$1,541CURRENT US$
Rnk 166 / 195
2013-2023
Flag
GDP PC GROWTH
106%CURRENT US$
Rnk 7 / 195
2023
Flag
GDP PC
$6,023CURRENT US$
Rnk 113 / 196
2013-2023
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GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 195

About

Guinea-South Africa Trade: In 2023, Guinea exported $2.42M to South Africa. The main products that Guinea exported to South Africa were Scrap Copper ($2.11M), Veneer Sheets ($236k), and Centrifuges ($45k). Over the past 5 years the exports of Guinea to South Africa have increased at an annualized rate of 69.3%, from $174k in 2018 to $2.42M in 2023.

In 2023, Guinea did not export any services to South Africa.

South Africa-Guinea Trade: In 2023, South Africa exported $57M to Guinea. The main products that South Africa exported to Guinea were Stone Processing Machines ($5.53M), Liquid Pumps ($3.82M), and Excavation Machinery ($2.04M). Over the past 5 years the exports of South Africa to Guinea have decreased at an annualized rate of 7.94%,  from $86.2M in 2018 to $57M in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guinea exported $2.42M to South Africa. The main products exported from Guinea to South Africa were Scrap Copper ($2.11M), Veneer Sheets ($236k), and Centrifuges ($45k). During the last 5 years the exports of Guinea to South Africa have increased at an annualized rate of 69.3%, from $174k in 2018 to $2.42M in 2023.

In 2018, South Africa exported $57M to Guinea. The main products exported from South Africa to Guinea were Stone Processing Machines ($5.53M), Liquid Pumps ($3.82M), and Excavation Machinery ($2.04M). During the last 5 years the exports of South Africa to Guinea have decreased at an annualized rate of 7.94%, from $86.2M in 2023 to $57M in 2018.

Exports from Guinea (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Guinea (Flag) (2023)

Latest Data

Trade between Guinea (Flag) and South Africa (Flag)

South Africa Exports

Market Competitiveness

Color
Guinea
Top Destination
United Arab Emirates$9.05B
South Africa
Top Destination
China$29.5B

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

In 2023, countries that imported more from Guinea than South Africa included United Arab Emirates ($9.05B).

In 2023, countries that imported more from South Africa than Guinea included China ($29.5B), United States ($13B), and Germany ($10.8B).

Difference in imports from South Africa (Flag) and Guinea (Flag) (2023)

Comparative Advantage Guinea - South Africa

Flow
Scale

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

During 2023, Guinea had a large net trade with South Africa in the exports of Metals ($2.11M), Wood Products ($237k), and Machines ($53.7k).

During 2018, South Africa had a large net trade with Guinea in the exports of Machines ($28.3M), Metals ($6.94M), and Transportation ($3.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea South Africa+$433kScrap Copper
Top Product Potential South Africa Guinea+$1.37MRefined 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 South Africa. This means that a dot/product with the flag of Guinea indicates it has a comparative advantage over South Africa. Similarly, a dot/product with the flag of South Africa indicates it has a comparative advantage over Guinea.

Product Space of Guinea (Flag) and South Africa (Flag) (2023)

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