2023
Flag  
GDP
$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH
-19.3%CURRENT US$
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2023
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 GDP
$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
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GDP GROWTH
165%CURRENT US$
Rnk 4 / 195
2023
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GDP PC 
$33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH
-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC
$1,541CURRENT US$
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2013-2023
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GDP PC GROWTH
106%CURRENT US$
Rnk 7 / 195

About

Japan-Guinea Trade: In 2023, Japan exported $7.67M to Guinea. The main products that Japan exported to Guinea were Used Rubber Tires ($1.91M), Rubber Tires ($1.34M), and Acrylic Polymers ($629k). Over the past 5 years the exports of Japan to Guinea have decreased at an annualized rate of 15.3%, from $17.6M in 2018 to $7.67M in 2023.

In 2023, Japan did not export any services to Guinea.

Guinea-Japan Trade: In 2023, Guinea exported $13.2M to Japan. The main products that Guinea exported to Japan were Raw Aluminium ($4.44M), Scrap Copper ($4.2M), and Processed Crustaceans ($2.78M). Over the past 5 years the exports of Guinea to Japan have increased at an annualized rate of 50.9%,  from $1.69M in 2018 to $13.2M in 2023.

In 2023, Guinea did not export any services to Japan.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $7.67M to Guinea. The main products exported from Japan to Guinea were Used Rubber Tires ($1.91M), Rubber Tires ($1.34M), and Acrylic Polymers ($629k). During the last 5 years the exports of Japan to Guinea have decreased at an annualized rate of 15.3%, from $17.6M in 2018 to $7.67M in 2023.

In 2018, Guinea exported $13.2M to Japan. The main products exported from Guinea to Japan were Raw Aluminium ($4.44M), Scrap Copper ($4.2M), and Processed Crustaceans ($2.78M). During the last 5 years the exports of Guinea to Japan have increased at an annualized rate of 50.9%, from $1.69M in 2023 to $13.2M in 2018.

Exports from Japan (Flag) to Guinea (Flag) (2023)

Exports from Guinea (Flag) to Japan (Flag) (2023)

Market Competitiveness

Color
Japan
Top Destination
United States$143B
Guinea
Top Destination
United Arab Emirates$9.05B

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

In 2023, countries that imported more from Japan than Guinea included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, no countries were registered that imported more from Guinea than from Japan.

Difference in imports from Guinea (Flag) and Japan (Flag) (2023)

Comparative Advantage Japan - Guinea

Flow
Scale

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

During 2023, Japan had a large net trade with Guinea in the exports of Plastics and Rubbers ($4.07M), Machines ($1.72M), and Instruments ($658k).

During 2018, Guinea had a large net trade with Japan in the exports of Metals ($8.64M), Foodstuffs ($2.78M), and Precious Metals ($1.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Guinea+$1.3MRubber Tires
Top Product Potential Guinea Japan+$2.33MScrap Copper

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

Product Space of Japan (Flag) and Guinea (Flag) (2023)

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