Romania (ROU) and Guinea (GIN) Trade | The Observatory of Economic Complexity

About

Romania-Guinea Trade: In 2022, Romania exported $1.02M to Guinea. The main products that Romania exported to Guinea were Electrical Control Boards ($404k), Poultry Meat ($336k), and Washing and Bottling Machines ($147k). Over the past 5 years the exports of Romania to Guinea have decreased at an annualized rate of 31.3%, from $6.7M in 2017 to $1.02M in 2022.

In 2022, Romania did not export any services to Guinea.

Guinea-Romania Trade: In 2022, Guinea exported $43.6k to Romania. The main products that Guinea exported to Romania were Rubber ($43.6k) and Plastic Lids ($10). Over the past 5 years the exports of Guinea to Romania have decreased at an annualized rate of 24.3%, from $536k in 2017 to $43.6k in 2022.

In 2022, Guinea did not export any services to Romania.

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Romania exported $1.02M to Guinea. The main products exported from Romania to Guinea were Electrical Control Boards ($404k), Poultry Meat ($336k), and Washing and Bottling Machines ($147k). During the last 5 years the exports of Romania to Guinea have decreased at an annualized rate of 31.3%, from $6.7M in 2017 to $1.02M in 2022.

In 2017, Guinea exported $43.6k to Romania. The main products exported from Guinea to Romania were Rubber ($43.6k) and Plastic Lids ($10). During the last 5 years the exports of Guinea to Romania have decreased at an annualized rate of 24.3%, from $536k in 2022 to $43.6k in 2017.

Exports from Romania () to Guinea () (2022)

Exports from Guinea () to Romania () (2022)

Latest Data

Trade between Romania () and Guinea ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Romania than Guinea included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Guinea than Romania included India ($2.77B), China ($3.81B), and United Arab Emirates ($2.59B).

Difference in imports from Guinea () and Romania () (2022)

Comparative Advantage Romania - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Guinea in the exports of Machines ($687k), Animal Products ($336k), and Paper Goods ($946).

During 2017, Guinea had a large net trade with Romania in the exports of Plastics and Rubbers ($43.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Guinea+$421kElectrical Control Boards

Top Product Potential Guinea Romania+$111kRubber

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Guinea () (2022)

Exports from Guinea () to Romania () (2022)

Latest Data

Trade between Romania () and Guinea ()

Romania Exports

Market Competitiveness

Difference in imports from Guinea () and Romania () (2022)

Comparative Advantage Romania - Guinea

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Romania () and Guinea () (2022)

Keep Exploring