Finland (FIN) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Finland-Guinea Trade: In 2022, Finland exported $3.33M to Guinea. The main products that Finland exported to Guinea were Other Construction Vehicles ($1.93M), Electric Motors ($509k), and Ethylene Polymers ($340k). Over the past 5 years the exports of Finland to Guinea have decreased at an annualized rate of 15.4%, from $7.68M in 2017 to $3.33M in 2022.

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

Guinea-Finland Trade: In 2022, Guinea exported $1.57k to Finland. The main products that Guinea exported to Finland were Knit Women's Shirts ($897) and Thermostats ($674). Over the past 5 years the exports of Guinea to Finland have decreased at an annualized rate of 20.6%, from $9.91k in 2017 to $1.57k in 2022.

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

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $3.33M to Guinea. The main products exported from Finland to Guinea were Other Construction Vehicles ($1.93M), Electric Motors ($509k), and Ethylene Polymers ($340k). During the last 5 years the exports of Finland to Guinea have decreased at an annualized rate of 15.4%, from $7.68M in 2017 to $3.33M in 2022.

In 2017, Guinea exported $1.57k to Finland. The main products exported from Guinea to Finland were Knit Women's Shirts ($897) and Thermostats ($674). During the last 5 years the exports of Guinea to Finland have decreased at an annualized rate of 20.6%, from $9.91k in 2022 to $1.57k in 2017.

Exports from Finland () to Guinea () (2022)

Exports from Guinea () to Finland () (2022)

Latest Data

Trade between Finland () and Guinea ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Finland than Guinea included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

In 2022, countries that imported more from Guinea than Finland included United Arab Emirates ($2.59B), India ($2.77B), and Brunei ($36.8M).

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

Comparative Advantage Finland - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Guinea in the exports of Machines ($2.9M), Plastics and Rubbers ($353k), and Transportation ($46.6k).

During 2017, Guinea had a large net trade with Finland in the exports of Textiles ($897) and Instruments ($674).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Guinea+$233kEthylene Polymers

Top Product Potential Guinea Finland+$4.31kGold

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Guinea () (2022)

Exports from Guinea () to Finland () (2022)

Latest Data

Trade between Finland () and Guinea ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Finland - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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