South Korea (KOR) and Guinea-Bissau (GNB) Trade | The Observatory of Economic Complexity

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South Korea-Guinea-Bissau Trade: In 2022, South Korea exported $1.99M to Guinea-Bissau. The main products that South Korea exported to Guinea-Bissau were Packaged Medicaments ($1.45M), Polyacetals ($258k), and Vaccines, blood, antisera, toxins and cultures ($153k). Over the past 5 years the exports of South Korea to Guinea-Bissau have increased at an annualized rate of 39.8%, from $372k in 2017 to $1.99M in 2022.

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

Guinea-Bissau-South Korea Trade: In 2022, Guinea-Bissau exported $1.16M to South Korea. The main products that Guinea-Bissau exported to South Korea were Non-fillet Frozen Fish ($1.15M), Molluscs ($1.38k), and Other Printed Material ($1). Over the past 5 years the exports of Guinea-Bissau to South Korea have decreased at an annualized rate of 5.66%, from $1.55M in 2017 to $1.16M in 2022.

In 2022, Guinea-Bissau 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-Bissau ranked 184 in total exports ($221M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $51k and imported $0 from Guinea-Bissau, resulting in a positive trade balance of $51k. Between September 2023 and September 2024 the exports of South Korea have increased by $51k (N/A%) from $0 to $51k, while imports decreased by $-254k (-100%) from $254k to $0.

Trade In September 2024, the top exports of South Korea to Guinea-Bissau were Fish, crustaceans, & molluscs ($0) and Electrical machinery and electronics ($0). In September 2024 the top imports of South Korea from Guinea-Bissau were Fish, crustaceans, & molluscs ($57k) and Electrical machinery and electronics ($0).

Growth In September 2024, the increase in South Korea's year-by-year exports to Guinea-Bissau was explained primarily by an increase in product exports in . In September 2024, the decrease in South Korea's year-by-year imports from Guinea-Bissau was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $1.99M to Guinea-Bissau. The main products exported from South Korea to Guinea-Bissau were Packaged Medicaments ($1.45M), Polyacetals ($258k), and Vaccines, blood, antisera, toxins and cultures ($153k). During the last 5 years the exports of South Korea to Guinea-Bissau have increased at an annualized rate of 39.8%, from $372k in 2017 to $1.99M in 2022.

In 2017, Guinea-Bissau exported $1.16M to South Korea. The main products exported from Guinea-Bissau to South Korea were Non-fillet Frozen Fish ($1.15M), Molluscs ($1.38k), and Other Printed Material ($1). During the last 5 years the exports of Guinea-Bissau to South Korea have decreased at an annualized rate of 5.66%, from $1.55M in 2022 to $1.16M in 2017.

Exports from South Korea () to Guinea-Bissau () (2022)

Exports from Guinea-Bissau () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Guinea-Bissau
Top DestinationIndia$203M

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

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

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

Difference in imports from Guinea-Bissau () and South Korea () (2022)

Comparative Advantage South Korea - Guinea-Bissau

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Guinea-Bissau in the exports of Chemical Products ($1.68M), Plastics and Rubbers ($281k), and Instruments ($11k).

During 2017, Guinea-Bissau had a large net trade with South Korea in the exports of Animal Products ($1.16M) and Paper Goods ($1).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of South Korea and Guinea-Bissau. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Guinea-Bissau. Similarly, a dot/product with the flag of Guinea-Bissau indicates it has a comparative advantage over South Korea.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Guinea-Bissau () (2022)

Exports from Guinea-Bissau () to South Korea () (2022)

Market Competitiveness

Difference in imports from Guinea-Bissau () and South Korea () (2022)

Comparative Advantage South Korea - Guinea-Bissau

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Guinea-Bissau () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Guinea-Bissau () (2022)

Exports from Guinea-Bissau () to South Korea () (2022)

Market Competitiveness

Difference in imports from Guinea-Bissau () and South Korea () (2022)

Comparative Advantage South Korea - Guinea-Bissau

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Guinea-Bissau () (2022)

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