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Pricing

2022
Flag → Flag
Exports $33.9MRnk 145 / 220
2022
Flag → Flag
Top Product $8.17MOther Iron Products
2022
Flag → Flag
Exports $48.9MRnk 8 / 105
2022
Flag → Flag
Top Product $35.5MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
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GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
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GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

South Korea-Guinea Trade: In 2022, South Korea exported $33.9M to Guinea. The main products that South Korea exported to Guinea were Other Iron Products ($8.17M), Propylene Polymers ($3.8M), and Cars ($2.36M). 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 $48.9M to South Korea. The main products that Guinea exported to South Korea were Non-fillet Frozen Fish ($35.5M), Scrap Copper ($10.5M), and Scrap Aluminium ($1.8M). Over the past 5 years the exports of Guinea to South Korea have decreased at an annualized rate of 2.05%,  from $56.6M in 2017 to $48.9M in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $1.43M and imported $1.58M from Guinea, resulting in a negative trade balance of $151k. Between September 2023 and September 2024 the exports of South Korea have decreased by $-952k (-39.9%) from $2.39M to $1.43M, while imports decreased by $-1.63M (-50.8%) from $3.22M to $1.58M.

Trade In September 2024, the top exports of South Korea to Guinea were Machinery, mechanical appliances, & parts ($421k), Plastics & articles thereof ($360k), Cars, tractors, trucks & parts thereof. ($226k), Fish, crustaceans, & molluscs ($207k), and Iron or steel articles ($162k). In September 2024 the top imports of South Korea from Guinea were Fish, crustaceans, & molluscs ($4.92M), Aluminum articles ($208k), Copper articles ($140k), Animal or vegetable fats, oils, &... ($0), and Miscellaneous edible preparations ($0).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Guinea was explained primarily by an decrease in product exports in Plastics & articles thereof ($-442k or -55.1%), Aluminum articles ($-123k or -100%), and Cars, tractors, trucks & parts thereof. ($-58k or -20.4%). In September 2024, the decrease in South Korea's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in Copper articles ($-369k or -72.5%), Electrical machinery and electronics ($-2k or -100%), and Optical, photo, & film equipment; medical... ($-1k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-952k(-39.9%)
IMPORT GROWTH (September 2023 - September 2024)$-1.63M(-50.8%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $33.9M to Guinea. The main products exported from South Korea to Guinea were Other Iron Products ($8.17M), Propylene Polymers ($3.8M), and Cars ($2.36M). 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 $48.9M to South Korea. The main products exported from Guinea to South Korea were Non-fillet Frozen Fish ($35.5M), Scrap Copper ($10.5M), and Scrap Aluminium ($1.8M). During the last 5 years the exports of Guinea to South Korea have decreased at an annualized rate of 2.05%, from $56.6M in 2022 to $48.9M 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$150B
Guinea
Top DestinationChina$3.81B

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 2022, countries that imported more from South Korea than Guinea included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, no countries were registered that imported more from Guinea than from South Korea.

Difference in imports from Guinea (Flag) and South Korea (Flag) (2022)

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 Metals ($10.5M), Machines ($7.35M), and Plastics and Rubbers ($6.8M).

During 2017, Guinea had a large net trade with South Korea in the exports of Animal Products ($36.2M), Metals ($12.3M), and Foodstuffs ($293k).

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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