United States (USA) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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United States (USA) and Guinea (GIN) Trade

2022

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Exports $107MRnk 158 / 219

2022

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About

United States-Guinea In 2022, United States exported $107M to Guinea. The main products that United States exported to Guinea are Cars ($22.2M), Poultry Meat ($20.6M), and Vaccines, blood, antisera, toxins and cultures ($14.3M). During the last 27 years the exports of United States to Guinea have increased at an annualized rate of 1.15%, from $78.2M in 1995 to $107M in 2022.

In 2022, United States did not export any services to Guinea.

Guinea-United States In 2022, Guinea exported $6.81M to United States. The main products that Guinea exported to United States were Rubber ($2.58M), Hand Saws ($1.02M), and Gas Turbines ($421k). During the last 27 years the exports of Guinea to United States have decreased at an annualized rate of 10.3%, from $128M in 1995 to $6.81M in 2022.

In 2022, Guinea did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Guinea ranked 124 in the Economic Complexity Index (ECI -2.66), and 101 in total exports ($10.4B).

COMPANIES In 2023, leading companies such as were at the forefront of exporting goods from Guinea to the United States. Conversely, were notable for importing Guinea products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $16.3M and imported $398k from Guinea, resulting in a positive trade balance of $15.9M. Between January 2023 and January 2024 the exports of United States have increased by $2M (14%) from $14.3M to $16.3M, while imports decreased by $-2M (-83.4%) from $2.39M to $398k.

Trade In January 2024, the top exports of United States to Guinea were Sodium or Potassium Peroxides ($7.32M), Cars ($1.94M), Commodities not elsewhere specified ($1.36M), Other Heating Machinery ($926k), and Poultry Meat ($781k). In January 2024 the top imports of United States from Guinea were Electric Furnaces ($1.2M), Commodities not elsewhere specified ($468k), Hand Saws ($254k), Rubber ($251k), and Fish: dried, salted, smoked or in... ($48.7k).

Origins In January 2024 the exports of United States were mainly from Louisiana ($4.74M), Iowa ($2.24M), Ohio ($1.5M), Texas ($1.25M), and New York ($945k), while imports destinations were mainly Arizona ($144k), South Carolina ($102k), Texas ($43.1k), Ohio ($41.3k), and Connecticut ($22.7k).

Growth In January 2024, the increase in United States's year-by-year exports to Guinea was explained primarily by an increase in product exports in Other Heating Machinery ($920k or 17.4k%), Ethylene Polymers ($594k or 499%), and Commodities not elsewhere specified ($511k or 60.4%). In January 2024, the decrease in United States's year-by-year imports from Guinea was explained primarily by an decrease in product imports in Rubber ($-395k or -61.1%), Gas Turbines ($-323k or -97.1%), and Non-fillet Fresh Fish ($-61.8k or -90.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$2M(14%)

IMPORT GROWTH (January 2023 - January 2024)$-2M(-83.4%)

MAIN EXPORTER (January 2024)Louisiana$4.74M

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

To check Guinea and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $107M to Guinea. The main products exported from United States to Guinea were Cars ($22.2M), Poultry Meat ($20.6M), and Vaccines, blood, antisera, toxins and cultures ($14.3M). During the last 27 years the exports of United States to Guinea have increased at an annualized rate of 1.15%, from $78.2M in 1995 to $107M in 2022.

In 2022, Guinea exported $6.81M to United States. The main products exported from Guinea to United States were Rubber ($2.58M), Hand Saws ($1.02M), and Gas Turbines ($421k). During the last 27 years the exports of Guinea to United States have decreased at an annualized rate of 10.3%, from $128M in 1995 to $6.81M in 2022.

Exports from United States () to Guinea () (2022)

Exports from Guinea () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Guinea
Top DestinationChina$3.81B

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

In 2021, countries that imported more from United States than Guinea were Canada ($308B), Mexico ($294B), and China ($151B).

In 2019, no countries were registered that imported more from Guinea than from United States.

Difference in imports from Guinea () and United States () (2022)

Comparative Advantage United States - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Guinea in the exports of Transportation ($28.8M), Animal Products ($20.7M), and Machines ($17.4M).

During 2022, Guinea had a large net trade with United States in the exports of Plastics and Rubbers ($2.63M), Metals ($1.09M), and Machines ($757k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Guinea. Similarly, the more yellow a dot/product is, the more Guinea has comparative advantage over United States.

Product Space of United States () and Guinea () (2022)

Keep Exploring

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Ghana
United States
Gambia
Saint Vincent and the Grenadines
Guinea
British Virgin Islands
Guinea

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