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2022
Flag → Flag
Exports $201MRnk 106 / 223
2022
Flag → Flag
Top Product $116MWheat
2022
Flag → Flag
Exports $147MRnk 6 / 105
2022
Flag → Flag
Top Product $133MAluminium Ore
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
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GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Germany-Guinea Trade: In 2022, Germany exported $201M to Guinea. The main products that Germany exported to Guinea were Wheat ($116M), Other Construction Vehicles ($10.9M), and Cranes ($7.36M). Over the past 5 years the exports of Germany to Guinea have increased at an annualized rate of 10.7%, from $120M in 2017 to $201M in 2022.

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

Guinea-Germany Trade: In 2022, Guinea exported $147M to Germany. The main products that Guinea exported to Germany were Aluminium Ore ($133M), Acyclic Alcohols ($7.34M), and Rubber ($2.75M). Over the past 5 years the exports of Guinea to Germany have increased at an annualized rate of 11.4%,  from $85.5M in 2017 to $147M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Latest Trends

June, 2024

About

Overview In June 2024, Germany exported €8.55M and imported €13.3M from Guinea, resulting in a negative trade balance of €4.72M. Between June 2023 and June 2024 the exports of Germany have decreased by €-3.97M (-31.7%) from €12.5M to €8.55M, while imports increased by €11.8M (821%) from €1.44M to €13.3M.

Trade In June 2024, the top exports of Germany to Guinea were Machinery for mining, quarrying and construction (€2.94M), Other electric machinery, apparatus and appliances (€373k), Pumps and compressors (€340k), Other machinery (€331k), and Other food of vegetable origin (€327k). In June 2024 the top imports of Germany from Guinea were Bauxite and Cryolite (€7.32M), Other prefabricated chemicals (€470k), Other raw materials inclusive waste (€253k), Returned goods (€5k), and Measuring and automatical control instruments (€2k).

Origins In June 2024 the exports of Germany were mainly from Rhineland-Pfalz (€3.62M), Baden-Württemberg (€1.26M), North Rhine-Westphalia (€742k), Bavaria (€513k), and Hesse (€460k), while imports destinations were mainly Lower Saxony (€13M), Hamburg (€128k), Bavaria (€102k), Thuringia (€4k), and North Rhine-Westphalia (€3k).

Growth In June 2024, the decrease in Germany's year-by-year exports to Guinea was explained primarily by an decrease in product exports in Machinery for mining, quarrying and construction (€-1.18M or -28.7%), Motor cars and motor caravans (€-725k or -80.2%), and Other food of vegetable origin (€-345k or -51.3%). In June 2024, the increase in Germany's year-by-year imports  from Guinea was explained primarily by an increase in product imports  in Other raw materials inclusive waste (€102k or 67.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€-3.97M(-31.7%)
IMPORT GROWTH (June 2023 - June 2024)€11.8M(821%)
MAIN EXPORTER (June 2024)Rhineland-Pfalz€3.62M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Guinea and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guinea and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $201M to Guinea. The main products exported from Germany to Guinea were Wheat ($116M), Other Construction Vehicles ($10.9M), and Cranes ($7.36M). During the last 5 years the exports of Germany to Guinea have increased at an annualized rate of 10.7%, from $120M in 2017 to $201M in 2022.

In 2017, Guinea exported $147M to Germany. The main products exported from Guinea to Germany were Aluminium Ore ($133M), Acyclic Alcohols ($7.34M), and Rubber ($2.75M). During the last 5 years the exports of Guinea to Germany have increased at an annualized rate of 11.4%, from $85.5M in 2022 to $147M in 2017.

Exports from Germany (Flag) to Guinea (Flag) (2022)

Exports from Guinea (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Germany than Guinea included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, no countries were registered that imported more from Guinea than from Germany.

Difference in imports from Guinea (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Guinea

Flow
Scale

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

During 2022, Germany had a large net trade with Guinea in the exports of Vegetable Products ($116M), Machines ($46.3M), and Transportation ($12.5M).

During 2017, Guinea had a large net trade with Germany in the exports of Mineral Products ($135M), Chemical Products ($7.34M), and Plastics and Rubbers ($2.75M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Guinea+$7.21MCars
Top Product Potential Guinea Germany+$2.83MRubber

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 Germany and Guinea. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Guinea. Similarly, a dot/product with the flag of Guinea indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Guinea (Flag) (2022)

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