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2023
Flag → Flag
Exports $160MRnk 114 / 216
2023
Flag → Flag
Top Product $23.8MInsulated Wire
2023
Flag → Flag
Exports $43.4MRnk 11 / 109
2023
Flag → Flag
Top Product $33.7MAnimal Meal and Pellets
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI -2.18Rnk 131 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$22.2BCURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP GROWTH165%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$1,541CURRENT US$
Rnk 166 / 196
2013-2023
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GDP PC GROWTH106%CURRENT US$
Rnk 7 / 195

About

Turkey-Guinea Trade: In 2023, Turkey exported $160M to Guinea. The main products that Turkey exported to Guinea were Insulated Wire ($23.8M), Cement ($6.97M), and Raw Iron Bars ($5.68M). Over the past 5 years the exports of Turkey to Guinea have increased at an annualized rate of 7.71%, from $111M in 2018 to $160M in 2023.

In 2023, Turkey did not export any services to Guinea.

Guinea-Turkey Trade: In 2023, Guinea exported $43.4M to Turkey. The main products that Guinea exported to Turkey were Animal Meal and Pellets ($33.7M), Fish Oil ($5.47M), and Cocoa Beans ($1.63M). Over the past 5 years the exports of Guinea to Turkey have decreased at an annualized rate of 3.75%,  from $66.1M in 2018 to $43.4M in 2023.

In 2023, Guinea did not export any services to Turkey.

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $160M to Guinea. The main products exported from Turkey to Guinea were Insulated Wire ($23.8M), Cement ($6.97M), and Raw Iron Bars ($5.68M). During the last 5 years the exports of Turkey to Guinea have increased at an annualized rate of 7.71%, from $111M in 2018 to $160M in 2023.

In 2018, Guinea exported $43.4M to Turkey. The main products exported from Guinea to Turkey were Animal Meal and Pellets ($33.7M), Fish Oil ($5.47M), and Cocoa Beans ($1.63M). During the last 5 years the exports of Guinea to Turkey have decreased at an annualized rate of 3.75%, from $66.1M in 2023 to $43.4M in 2018.

Exports from Turkey (Flag) to Guinea (Flag) (2023)

Exports from Guinea (Flag) to Turkey (Flag) (2023)

Latest Data

Trade between Turkey (Flag) and Guinea (Flag)

Turkey Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Turkey than Guinea included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Guinea than Turkey included China ($6.41B).

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

Comparative Advantage Turkey - Guinea

Flow
Scale

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

During 2023, Turkey had a large net trade with Guinea in the exports of Machines ($45.2M), Metals ($27.5M), and Foodstuffs ($19.6M).

During 2018, Guinea had a large net trade with Turkey in the exports of Foodstuffs ($35.3M), Animal and Vegetable Bi-Products ($5.47M), and Vegetable Products ($1.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Guinea+$5.69MRefined Petroleum
Top Product Potential Guinea Turkey+$2.91MGold

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

Product Space of Turkey (Flag) and Guinea (Flag) (2023)

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