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2021
Flag → Flag
Exports $54.4MRnk 14 / 0
2021
Flag → Flag
Exports $102MRnk 12 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
Flag
GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

Russia-Guinea Trade: In 2021, Russia exported $54.4M to Guinea. The main products that Russia exported to Guinea were N/A. Over the past 5 years the exports of Russia to Guinea have increased at an annualized rate of 32.3%, from $13.4M in 2016 to $54.4M in 2021.

In 2020, Russia exported services to Guinea worth $1.26M, with Other business services ($594k), Transportation ($342k), and Computer and information services ($200k) being the largest in terms of value.

Guinea-Russia Trade: In 2021, Guinea exported $102M to Russia. The main products that Guinea exported to Russia were N/A. Over the past 5 years the exports of Guinea to Russia have increased at an annualized rate of 153%,  from $989k in 2016 to $102M in 2021.

In 2021, Guinea did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $20.6M and imported $13.9M from Guinea, resulting in a positive trade balance of $6.72M. Between January 2021 and January 2022 the exports of Russia have increased by $9.22M (81.2%) from $11.4M to $20.6M, while imports increased by $3.48M (33.5%) from $10.4M to $13.9M.

Trade In January 2022, the top exports of Russia to Guinea were Wheat ($7.19M), Railway Freight Cars ($3.79M), Coated Metal Soldering Products ($122k), Refined Petroleum ($108k), and Liquid Pumps ($27.4k). In January 2022 the top imports of Russia from Guinea were Aluminium Oxide ($10.2M), Scrap Copper ($156k), and Iron Fasteners ($1.04).

Origins In January 2022 the exports of Russia were mainly from ROSTOV REGION ($11.1M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($7.37M), KRASNODAR TERRITORY ($642k), TULA REGION ($598k), and ST. PETERSBURG ($456k), while imports destinations were mainly KRASNOYARSK TERRITORY ($11.5M) and MURMANSK REGION ($2.33M).

Growth In January 2022, the increase in Russia's year-by-year exports to Guinea was explained primarily by an increase in product exports in Air Pumps ($13.2k or 741%), Low-voltage Protection Equipment ($8.43k or 1.5k%), and Hydrometers ($7.52k or 52.6k%). In January 2022, the increase in Russia's year-by-year imports  from Guinea was explained primarily by an increase in product imports  in Aluminium Oxide ($10.1M or 14.9k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$9.22M(81.2%)
IMPORT GROWTH (January 2021 - January 2022)$3.48M(33.5%)
MAIN EXPORTER (January 2022)ROSTOV REGION$11.1M

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

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

For full datasets download visit Bulk Download page.

Explore Guinea and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $54.4M to Guinea. There were not main exports from Russia to Guinea in 2021. During the last 5 years the exports of Russia to Guinea have increased at an annualized rate of 32.3%, from $13.4M in 2016 to $54.4M in 2021.

In 2016, Guinea exported $102M to Russia. There were not main exports from Guinea to Russia in 2016. During the last 5 years the exports of Guinea to Russia have increased at an annualized rate of 153%, from $989k in 2021 to $102M in 2016.

Exports from Russia (Flag) to Guinea (Flag) (2021)

Exports from Guinea (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Russia than Guinea included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Guinea than Russia included United Arab Emirates ($9.05B), Ireland ($99M), and Liberia ($10.4M).

Difference in imports from Guinea (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Guinea

Flow
Scale

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

During 2021, Russia had a large net trade with Guinea in the exports of .

During 2016, Guinea had a large net trade with Russia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Guinea+$7.07kRefined Petroleum
Top Product Potential Guinea Russia+$5.12kGold

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

Product Space of Russia (Flag) and Guinea (Flag) (2021)

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