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Pricing

2022
Flag → Flag
Exports $18.2MRnk 99 / 208
2022
Flag → Flag
Top Product $1.74MPoultry Meat
2022
Flag → Flag
Exports $1.34MRnk 34 / 105
2022
Flag → Flag
Top Product $1.3MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Portugal-Guinea Trade: In 2022, Portugal exported $18.2M to Guinea. The main products that Portugal exported to Guinea were Poultry Meat ($1.74M), Excavation Machinery ($1.37M), and Stone Processing Machines ($1.16M). Over the past 5 years the exports of Portugal to Guinea have increased at an annualized rate of 2.05%, from $16.4M in 2017 to $18.2M in 2022.

In 2022, Portugal did not export any services to Guinea.

Guinea-Portugal Trade: In 2022, Guinea exported $1.34M to Portugal. The main products that Guinea exported to Portugal were Palm Oil ($1.3M), Polyacetals ($38.2k), and Cars ($3.16k). Over the past 5 years the exports of Guinea to Portugal have increased at an annualized rate of 38.4%,  from $264k in 2017 to $1.34M in 2022.

In 2022, Guinea did not export any services to Portugal.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €1M and imported €12 from Guinea, resulting in a positive trade balance of €1M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-2.46M (-71.1%) from €3.46M to €1M, while imports decreased by €-66 (-84.6%) from €78 to €12.

Trade In August 2024, the top exports of Portugal to Guinea were Machinery, mechanical appliances, & parts (€550k), Meat & edible offal (€407k), Furniture, bedding, lamps, & prefab buildings (€207k), Wood, wood articles, & charcoal (€148k), and Paper articles (€92.1k). In August 2024 the top imports of Portugal from Guinea were Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Guinea was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-97.7k or -98%), Electrical machinery and electronics (€-87.6k or -82.1%), and Ceramic products (€-50.7k or -44.9%). In August 2024, the decrease in Portugal's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-2.46M(-71.1%)
IMPORT GROWTH (August 2023 - August 2024)€-66(-84.6%)

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

To check Guinea and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $18.2M to Guinea. The main products exported from Portugal to Guinea were Poultry Meat ($1.74M), Excavation Machinery ($1.37M), and Stone Processing Machines ($1.16M). During the last 5 years the exports of Portugal to Guinea have increased at an annualized rate of 2.05%, from $16.4M in 2017 to $18.2M in 2022.

In 2017, Guinea exported $1.34M to Portugal. The main products exported from Guinea to Portugal were Palm Oil ($1.3M), Polyacetals ($38.2k), and Cars ($3.16k). During the last 5 years the exports of Guinea to Portugal have increased at an annualized rate of 38.4%, from $264k in 2022 to $1.34M in 2017.

Exports from Portugal (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Portugal than Guinea included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Guinea than Portugal included China ($3.81B), India ($2.77B), and United Arab Emirates ($2.59B).

Difference in imports from Guinea (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Guinea

Flow
Scale

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

During 2022, Portugal had a large net trade with Guinea in the exports of Machines ($7.29M), Metals ($2.29M), and Animal Products ($1.77M).

During 2017, Guinea had a large net trade with Portugal in the exports of Animal and Vegetable Bi-Products ($1.3M), Plastics and Rubbers ($38.2k), and Transportation ($3.25k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Guinea+$764kRefined Petroleum
Top Product Potential Guinea Portugal+$28.9kPolyacetals

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

Product Space of Portugal (Flag) and Guinea (Flag) (2022)

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