2022
Exports
$1.17MWorld Rnk 127 / 221
Flag Rnk 30 / 511
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$52.7MWorld Rnk 96 / 224
Flag Rnk 24 / 1018
2022
ECONOMIC COMPLEXITY of Guinea
-2.2Rnk 132 / 133

About

Exports In 2022, Guinea exported $1.17M in Excavation Machinery, making it the 127th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 30th most exported product in Guinea. The main destination of Excavation Machinery exports from Guinea are: Netherlands ($1.1M), Cote d'Ivoire ($33.9k), Switzerland ($13.6k), Germany ($7.09k), and Chile ($6.02k).

The fastest growing export markets for Excavation Machinery of Guinea between 2021 and 2022 were Netherlands ($1.1M), Cote d'Ivoire ($33.9k), and Switzerland ($13.6k).

Imports In 2022, Guinea imported $52.7M in Excavation Machinery, becoming the 96th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 24th most imported product in Guinea. Guinea imports Excavation Machinery primarily from: China ($23.7M), France ($8.23M), South Africa ($3.51M), Belgium ($2.83M), and Germany ($1.7M).

The fastest growing import markets in Excavation Machinery for Guinea between 2021 and 2022 were China ($4.9M), France ($2.51M), and South Africa ($1.71M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.17M
IMPORTS (2022)$52.7M
NET TRADE (2022)-$51.6M

In 2022, Guinea exported $1.17M in Excavation Machinery. The main destinations of Guinea exports on Excavation Machinery were Netherlands ($1.1M), Cote d'Ivoire ($33.9k), Switzerland ($13.6k), Germany ($7.09k), and Chile ($6.02k).

In 2022, Guinea imported $52.7M in Excavation Machinery, mainly from China ($23.7M), France ($8.23M), South Africa ($3.51M), Belgium ($2.83M), and Germany ($1.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Guinea WERE (2021 - 2022):
Netherlands$1.1M (142k%)
Cote d'Ivoire$33.9k (1%)
Switzerland$13.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Guinea WERE (2021 - 2022):
Sweden-$55.9k (-100%)
Portugal-$7.2k (-100%)
South Africa-$3.04k (-85.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guinea's main exporting competitors in Excavation Machinery were:
In 2022, Guinea's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $204k
TOP IMPORT POTENTIALChina+ $3.67M

Excavation Machinery’s highest export potential is Netherlands. With an export gap of $204k.   Excavation Machinery’s highest import potential is China with an import gap of $3.67M.

See methodology.

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