2022
Flag  
GDP
$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH
178%CURRENT US$
Rnk 4 / 186
2022
Flag
 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC 
$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH
116%CURRENT US$
Rnk 6 / 186
2022
Flag
GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Guinea-Austria Trade: In 2022, Guinea exported $88k to Austria. The main products that Guinea exported to Austria were Base Metal Watches ($72.1k), Reaction and Catalytic Products ($10.2k), and Precious Stone Dust ($4.04k). Over the past 5 years the exports of Guinea to Austria have decreased at an annualized rate of 24%, from $347k in 2017 to $88k in 2022.

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

Austria-Guinea Trade: In 2022, Austria exported $2.63M to Guinea. The main products that Austria exported to Guinea were Special purpose motor vehicles ($406k), Light Pure Woven Cotton ($337k), and Other Steel Bars ($292k). Over the past 5 years the exports of Austria to Guinea have decreased at an annualized rate of 18.5%,  from $7.3M in 2017 to $2.63M in 2022.

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

Comparison: In 2022,  Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guinea exported $88k to Austria. The main products exported from Guinea to Austria were Base Metal Watches ($72.1k), Reaction and Catalytic Products ($10.2k), and Precious Stone Dust ($4.04k). During the last 5 years the exports of Guinea to Austria have decreased at an annualized rate of 24%, from $347k in 2017 to $88k in 2022.

In 2017, Austria exported $2.63M to Guinea. The main products exported from Austria to Guinea were Special purpose motor vehicles ($406k), Light Pure Woven Cotton ($337k), and Other Steel Bars ($292k). During the last 5 years the exports of Austria to Guinea have decreased at an annualized rate of 18.5%, from $7.3M in 2022 to $2.63M in 2017.

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

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

Latest Data

Trade between Guinea (Flag) and Austria (Flag)

Austria Exports

Market Competitiveness

Color
Guinea
Top Destination
China$3.81B
Austria
Top Destination
Germany$57.7B

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

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

In 2022, countries that imported more from Austria than Guinea included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Guinea - Austria

Flow
Scale

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

During 2022, Guinea had a large net trade with Austria in the exports of Instruments ($72.1k), Chemical Products ($10.3k), and Precious Metals ($4.29k).

During 2017, Austria had a large net trade with Guinea in the exports of Metals ($632k), Textiles ($607k), and Machines ($448k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea Austria+$18.2kBase Metal Watches
Top Product Potential Austria Guinea+$248kLight Pure Woven Cotton

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

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

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