Guinea (GIN) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Guinea-Belgium Trade: In 2022, Guinea exported $7.14M to Belgium. The main products that Guinea exported to Belgium were Diamonds ($3.15M), Cocoa Beans ($1.54M), and Scrap Copper ($1.37M). Over the past 5 years the exports of Guinea to Belgium have decreased at an annualized rate of 11.3%, from $13M in 2017 to $7.14M in 2022.

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

Belgium-Guinea Trade: In 2022, Belgium exported $233M to Guinea. The main products that Belgium exported to Guinea were Refined Petroleum ($73.4M), Cars ($44.5M), and Sauces and Seasonings ($21.7M). Over the past 5 years the exports of Belgium to Guinea have increased at an annualized rate of 13%, from $126M in 2017 to $233M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guinea exported $7.14M to Belgium. The main products exported from Guinea to Belgium were Diamonds ($3.15M), Cocoa Beans ($1.54M), and Scrap Copper ($1.37M). During the last 5 years the exports of Guinea to Belgium have decreased at an annualized rate of 11.3%, from $13M in 2017 to $7.14M in 2022.

In 2017, Belgium exported $233M to Guinea. The main products exported from Belgium to Guinea were Refined Petroleum ($73.4M), Cars ($44.5M), and Sauces and Seasonings ($21.7M). During the last 5 years the exports of Belgium to Guinea have increased at an annualized rate of 13%, from $126M in 2022 to $233M in 2017.

Exports from Guinea () to Belgium () (2022)

Exports from Belgium () to Guinea () (2022)

Latest Data

Trade between Guinea () and Belgium ()

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationChina$3.81B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Guinea than Belgium included Brunei ($36.8M).

In 2022, countries that imported more from Belgium than Guinea included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Guinea - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guinea had a large net trade with Belgium in the exports of Precious Metals ($3.15M), Foodstuffs ($1.54M), and Metals ($1.37M).

During 2017, Belgium had a large net trade with Guinea in the exports of Mineral Products ($86.7M), Transportation ($70.9M), and Foodstuffs ($27.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Belgium+$2.1MDiamonds

Top Product Potential Belgium Guinea+$13.3MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Belgium () (2022)

Exports from Belgium () to Guinea () (2022)

Latest Data

Trade between Guinea () and Belgium ()

Belgium Exports

Market Competitiveness

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

Comparative Advantage Guinea - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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