2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH
178%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH
116%CURRENT US$
Rnk 6 / 186

About

India-Guinea Trade: In 2022, India exported $594M to Guinea. The main products that India exported to Guinea were Rice ($284M), Motorcycles and cycles ($76.7M), and Packaged Medicaments ($24.9M). Over the past 5 years the exports of India to Guinea have increased at an annualized rate of 10.3%, from $364M in 2017 to $594M in 2022.

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

Guinea-India Trade: In 2022, Guinea exported $2.77B to India. The main products that Guinea exported to India were Gold ($2.41B), Aluminium Ore ($229M), and Coconuts, Brazil Nuts, and Cashews ($99.3M). Over the past 5 years the exports of Guinea to India have increased at an annualized rate of 40.6%,  from $506M in 2017 to $2.77B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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
Value

In 2022, India exported $594M to Guinea. The main products exported from India to Guinea were Rice ($284M), Motorcycles and cycles ($76.7M), and Packaged Medicaments ($24.9M). During the last 5 years the exports of India to Guinea have increased at an annualized rate of 10.3%, from $364M in 2017 to $594M in 2022.

In 2017, Guinea exported $2.77B to India. The main products exported from Guinea to India were Gold ($2.41B), Aluminium Ore ($229M), and Coconuts, Brazil Nuts, and Cashews ($99.3M). During the last 5 years the exports of Guinea to India have increased at an annualized rate of 40.6%, from $506M in 2022 to $2.77B in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Guinea
Top Destination
China$3.81B

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

In 2022, countries that imported more from India than Guinea included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Guinea

Flow
Scale

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

During 2022, India had a large net trade with Guinea in the exports of Vegetable Products ($285M), Transportation ($93M), and Chemical Products ($57.9M).

During 2017, Guinea had a large net trade with India in the exports of Precious Metals ($2.41B), Mineral Products ($229M), and Vegetable Products ($102M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Guinea+$19.1MRefined Petroleum
Top Product Potential Guinea India+$6.17MScrap Aluminium

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

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

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