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2022
Flag → Flag
Exports $33.9MRnk 125 / 0
2022
Flag → Flag
Exports $53.1MRnk 51 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

South Korea-Guinea Trade: In 2022, South Korea exported $33.9M to Guinea. The main products that South Korea exported to Guinea were N/A. Over the past 5 years the exports of South Korea to Guinea have increased at an annualized rate of 1.66%, from $31.2M in 2017 to $33.9M in 2022.

In 2022, South Korea did not export any services to Guinea.

Guinea-South Korea Trade: In 2022, Guinea exported $53.1M to South Korea. The main products that Guinea exported to South Korea were N/A. Over the past 5 years the exports of Guinea to South Korea have decreased at an annualized rate of 2.77%,  from $61.2M in 2017 to $53.1M in 2022.

In 2022, Guinea did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Latest Trends

January, 2025

About

Overview In January 2025, South Korea exported $2.95M and imported $3.97M from Guinea, resulting in a negative trade balance of $1.02M. Between January 2024 and January 2025 the exports of South Korea have increased by $1.24M (72.1%) from $1.72M to $2.95M, while imports increased by $985k (33%) from $2.99M to $3.97M.

Trade In January 2025, the top exports of South Korea to Guinea were Machinery, mechanical appliances, & parts ($370k), Cars, tractors, trucks & parts thereof. ($354k), Pharmaceutical products ($250k), Plastics & articles thereof ($240k), and Fish, Crustaceans & Molluscs ($133k). In January 2025 the top imports of South Korea from Guinea were Fish, Crustaceans & Molluscs ($2.95M), Precious stones, metals, & pearls ($42k), Mineral fuels, mineral oils and products... ($0), Inorganic chemicals ($0), and Organic chemicals ($0).

Growth In January 2025, the increase in South Korea's year-by-year exports to Guinea was explained primarily by an increase in product exports in Pharmaceutical products ($245k or 4.9k%), Cars, tractors, trucks & parts thereof. ($128k or 56.6%), and Rubber & articles thereof ($5k or 500%). In January 2025, the increase in South Korea's year-by-year imports  from Guinea was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$1.24M(72.1%)
IMPORT GROWTH (January 2024 - January 2025)$985k(33%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Guinea and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $33.9M to Guinea. There were not main exports from South Korea to Guinea in 2022. During the last 5 years the exports of South Korea to Guinea have increased at an annualized rate of 1.66%, from $31.2M in 2017 to $33.9M in 2022.

In 2017, Guinea exported $53.1M to South Korea. There were not main exports from Guinea to South Korea in 2017. During the last 5 years the exports of Guinea to South Korea have decreased at an annualized rate of 2.77%, from $61.2M in 2022 to $53.1M in 2017.

Exports from South Korea (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from South Korea than Guinea included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Guinea than South Korea included United Arab Emirates ($9.05B), Liberia ($10.4M), and Gambia ($2.61M).

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

Comparative Advantage South Korea - Guinea

Flow
Scale

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

During 2022, South Korea had a large net trade with Guinea in the exports of .

During 2017, Guinea had a large net trade with South Korea in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Guinea+$3.74MCars
Top Product Potential Guinea South Korea+$2.44MScrap 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 South Korea and Guinea. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Guinea (Flag) (2022)

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