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2022
Flag → Flag
Exports $1.99MRnk 129 / 0
2022
Flag → Flag
Exports $1.26MRnk 122 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$2.05BCURRENT US$
Rnk 177 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 25 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$951CURRENT US$
Rnk 179 / 196
2013-2023
Flag
GDP PC GROWTH45.4%CURRENT US$
Rnk 52 / 195

About

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 N/A. Over the past 5 years the exports of South Korea to Guinea-Bissau have increased at an annualized rate of 39.8%, from $373k 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 $1.26M to South Korea. The main products that Guinea-Bissau exported to South Korea were N/A. Over the past 5 years the exports of Guinea-Bissau to South Korea have decreased at an annualized rate of 5.13%,  from $1.64M in 2017 to $1.26M in 2022.

In 2022, Guinea-Bissau 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-Bissau ranked 194 in total exports ($109M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $5k and imported $0 from Guinea-Bissau, resulting in a positive trade balance of $5k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-68k (-93.2%) from $73k to $5k, while imports decreased by $-145k (-100%) from $145k to $0.

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

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-68k(-93.2%)
IMPORT GROWTH (December 2023 - December 2024)$-145k(-100%)

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-Bissau and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea-Bissau and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.99M to Guinea-Bissau. There were not main exports from South Korea to Guinea-Bissau in 2022. During the last 5 years the exports of South Korea to Guinea-Bissau have increased at an annualized rate of 39.8%, from $373k in 2017 to $1.99M in 2022.

In 2017, Guinea-Bissau exported $1.26M to South Korea. There were not main exports from Guinea-Bissau to South Korea in 2017. During the last 5 years the exports of Guinea-Bissau to South Korea have decreased at an annualized rate of 5.13%, from $1.64M in 2022 to $1.26M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Guinea-Bissau
Top DestinationIndia$72.3M

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

In 2023, countries that imported more from Guinea-Bissau than South Korea included Liberia ($2M).

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

Comparative Advantage South Korea - Guinea-Bissau

Flow
Scale

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 .

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

Economic Complexity

Competitive Landscape

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.

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

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