2022
Exports
$4.07MWorld Rnk 134 / 212
Flag Rnk 20 / 511
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$113kWorld Rnk 131 / 187
Flag Rnk 650 / 1018
2022
ECONOMIC COMPLEXITY of Guinea
-2.2Rnk 132 / 133

About

Exports In 2022, Guinea exported $4.07M in Scrap Iron, making it the 134th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 20th most exported product in Guinea. The main destination of Scrap Iron exports from Guinea are: India ($3.49M), Thailand ($380k), Morocco ($182k), Spain ($11.1k), and Nigeria ($3.22k).

The fastest growing export markets for Scrap Iron of Guinea between 2021 and 2022 were Thailand ($380k), India ($78.4k), and Spain ($11.1k).

Imports In 2022, Guinea imported $113k in Scrap Iron, becoming the 131st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 650th most imported product in Guinea. Guinea imports Scrap Iron primarily from: Australia ($113k).

The fastest growing import markets in Scrap Iron for Guinea between 2021 and 2022 were Australia ($112k).

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 Scrap Iron. 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)$4.07M
IMPORTS (2022)$113k
NET TRADE (2022)$3.96M

In 2022, Guinea exported $4.07M in Scrap Iron. The main destinations of Guinea exports on Scrap Iron were India ($3.49M), Thailand ($380k), Morocco ($182k), Spain ($11.1k), and Nigeria ($3.22k).

In 2022, Guinea imported $113k in Scrap Iron, mainly from Australia ($113k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Guinea WERE (2021 - 2022):
Thailand$380k (1%)
India$78.4k (2.3%)
Spain$11.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Guinea WERE (2021 - 2022):Morocco-$166k (-47.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guinea's main exporting competitors in Scrap Iron were:
In 2022, Guinea's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $3.54M
TOP IMPORT POTENTIALAustralia+ $6.33k

Scrap Iron’s highest export potential is India. With an export gap of $3.54M.   Scrap Iron’s highest import potential is Australia with an import gap of $6.33k.

See methodology.

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