2022
Exports
$19.7MWorld Rnk 43 / 128
Flag Rnk 10 / 511
falsefalse China
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$134kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2022
ECONOMIC COMPLEXITY of Guinea
-2.2Rnk 132 / 133

About

Exports In 2022, Guinea exported $19.7M in Iron Ore, making it the 43rd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 10th most exported product in Guinea. The main destination of Iron Ore exports from Guinea are: China ($19.7M), Australia ($1.84k), India ($436), Canada ($128), and South Africa ($115).

The fastest growing export markets for Iron Ore of Guinea between 2021 and 2022 were Australia ($1.84k), India ($436), and Canada ($128).

Imports In 2019, Guinea imported $134k in Iron Ore, becoming the 0th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 0th most imported product in Guinea. Guinea imports Iron Ore primarily from: N/A.

Latest Trends

Sep 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 Iron Ore. 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)$19.7M
IMPORTS (2019)$134k
NET TRADE (2022)$19.7M

In 2022, Guinea exported $19.7M in Iron Ore. The main destinations of Guinea exports on Iron Ore were China ($19.7M), Australia ($1.84k), India ($436), Canada ($128), and South Africa ($115).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Guinea WERE (2021 - 2022):
Australia$1.84k (1%)
India$436 (1%)
Canada$128 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Guinea WERE (2021 - 2022):China-$51.2M (-72.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guinea's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Guinea's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.2M
TOP IMPORT POTENTIALBrazil+ $674

Iron Ore’s highest export potential is China. With an export gap of $35.2M.   Iron Ore’s highest import potential is Brazil with an import gap of $674.

See methodology.

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