2023
Exports
$22.9MWorld Rnk 94 / 207
Flag Rnk 9 / 528
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$83.6kWorld Rnk 127 / 177
Flag Rnk 710 / 1029
2023
ECONOMIC COMPLEXITY of Guinea
-2.18Rnk 131 / 132

About

Exports In 2023, Guinea exported $22.9M in Scrap Iron, making it the 94th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 9th most exported product in Guinea. The main destination of Scrap Iron exports from Guinea are: India ($22.4M), Thailand ($570k), and China ($1.63k).

The fastest growing export markets for Scrap Iron of Guinea between 2022 and 2023 were India ($18.9M), Thailand ($142k), and China ($1.63k).

Imports In 2023, Guinea imported $83.6k in Scrap Iron, becoming the 127th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 710th most imported product in Guinea. Guinea imports Scrap Iron primarily from: Canada ($58.6k), Australia ($17.9k), India ($6.72k), and Netherlands ($324).

The fastest growing import markets in Scrap Iron for Guinea between 2022 and 2023 were Canada ($58.6k), India ($6.72k), and Netherlands ($324).

Latest Trends

Jan 2025

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 (2023)$22.9M
IMPORTS (2023)$83.6k
NET TRADE (2023)$22.9M

In 2023, Guinea exported $22.9M in Scrap Iron. The main destinations of Guinea exports on Scrap Iron were India ($22.4M), Thailand ($570k), and China ($1.63k).

In 2023, Guinea imported $83.6k in Scrap Iron, mainly from Canada ($58.6k), Australia ($17.9k), India ($6.72k), and Netherlands ($324).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Guinea WERE (2022 - 2023):
India$18.9M (540%)
Thailand$142k (33.1%)
China$1.63k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Guinea WERE (2022 - 2023):
Morocco-$211k (-100%)
Gambia-$12.9k (-100%)
Spain-$12.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guinea's main exporting competitors in Scrap Iron were:
In 2023, Guinea's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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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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