2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP
$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH
178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC
$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH
116%CURRENT US$
Rnk 6 / 186

About

United Kingdom-Guinea Trade: In 2022, United Kingdom exported $36.1M to Guinea. The main products that United Kingdom exported to Guinea were Refined Petroleum ($13.3M), Nitrogenous Fertilizers ($2.83M), and Stone Processing Machines ($1.63M). Over the past 5 years the exports of United Kingdom to Guinea have increased at an annualized rate of 5.44%, from $27.7M in 2017 to $36.1M in 2022.

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

Guinea-United Kingdom Trade: In 2022, Guinea exported $403k to United Kingdom. The main products that Guinea exported to United Kingdom were Tropical Fruits ($142k), Palm Oil ($70.2k), and Coconuts, Brazil Nuts, and Cashews ($59k). Over the past 5 years the exports of Guinea to United Kingdom have increased at an annualized rate of 19.9%,  from $163k in 2017 to $403k in 2022.

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

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $36.1M to Guinea. The main products exported from United Kingdom to Guinea were Refined Petroleum ($13.3M), Nitrogenous Fertilizers ($2.83M), and Stone Processing Machines ($1.63M). During the last 5 years the exports of United Kingdom to Guinea have increased at an annualized rate of 5.44%, from $27.7M in 2017 to $36.1M in 2022.

In 2017, Guinea exported $403k to United Kingdom. The main products exported from Guinea to United Kingdom were Tropical Fruits ($142k), Palm Oil ($70.2k), and Coconuts, Brazil Nuts, and Cashews ($59k). During the last 5 years the exports of Guinea to United Kingdom have increased at an annualized rate of 19.9%, from $163k in 2022 to $403k in 2017.

Exports from United Kingdom (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top Destination
N/AN/A
Guinea
Top Destination
N/AN/A

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

N/A

N/A

Difference in imports from Guinea (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Guinea

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Guinea in the exports of Mineral Products ($13.3M), Machines ($9.56M), and Chemical Products ($3.54M).

During 2017, Guinea had a large net trade with United Kingdom in the exports of Vegetable Products ($209k), Animal and Vegetable Bi-Products ($70.2k), and Textiles ($51.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Guinea+$10.7MRefined Petroleum
Top Product Potential Guinea United Kingdom+$247kCoconuts, Brazil Nuts, and Cashews

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Guinea. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Guinea (Flag) (2022)

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