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Pricing

2022
Flag → Flag
Exports $233MRnk 84 / 222
2022
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Top Product $73.4MRefined Petroleum
2022
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Exports $7.14MRnk 20 / 105
2022
Flag → Flag
Top Product $3.15MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI -2.66Rnk 124 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
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GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$1,532CURRENT US$
Rnk 157 / 186
2012-2022
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GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186

About

Belgium-Guinea In 2022, Belgium exported $233M to Guinea. The main products that Belgium exported to Guinea are Refined Petroleum ($73.4M), Cars ($44.5M), and Sauces and Seasonings ($21.7M). During the last 23 years the exports of Belgium to Guinea have increased at an annualized rate of 6.44%, from $55.5M in 1999 to $233M in 2022.

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

Guinea-Belgium 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). During the last 23 years the exports of Guinea to Belgium have decreased at an annualized rate of 11.7%, from $125M in 1999 to $7.14M in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Guinea ranked 124 in the Economic Complexity Index (ECI -2.66), and 101 in total exports ($10.4B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €58.7M and imported €270k from Guinea, resulting in a positive trade balance of €58.4M. Between December 2022 and December 2023 the exports of Belgium have increased by €48.9M (496%) from €9.85M to €58.7M, while imports decreased by €-350k (-56.4%) from €620k to €270k.

Trade In December 2023, the top exports of Belgium to Guinea were Cars, tractors, trucks & parts thereof. (€5.23M), Miscellaneous edible preparations (€2.87M), Pharmaceutical products (€2.25M), Machinery, mechanical appliances, & parts (€987k), and Electrical machinery and electronics (€342k). In December 2023 the top imports of Belgium from Guinea were Coffee, tea, mate & spices (€81.8k), Soap, cleaners, candles, dental, modelling pastes (€7.04k), Coated, covered, & laminated fabrics for... (€3.37k), Non-knitted clothing accesories (€2.52k), and Edible vegetables, roots, & tubers (€784).

Growth In December 2023, the increase in Belgium's year-by-year exports to Guinea was explained primarily by an increase in product exports in Pharmaceutical products (€2.1M or 1.38k%), Optical, photo, & film equipment; medical... (€232k or 974%), and Iron & steel (€187k or 1.35k%). In December 2023, the decrease in Belgium's year-by-year imports  from Guinea was explained primarily by an decrease in product imports  in Iron or steel articles (€-3.32k or -99.7%), Edible vegetables, roots, & tubers (€-972 or -55.4%), and Non-knitted clothing accesories (€-666 or -20.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€48.9M(496%)
IMPORT GROWTH (December 2022 - December 2023)€-350k(-56.4%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 23 years the exports of Belgium to Guinea have increased at an annualized rate of 6.44%, from $55.5M in 1999 to $233M in 2022.

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 23 years the exports of Guinea to Belgium have decreased at an annualized rate of 11.7%, from $125M in 1999 to $7.14M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Guinea
Top DestinationChina$3.81B

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

In 2021, countries that imported more from Belgium than Guinea were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Guinea than Belgium were Brunei ($36.8M).

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

Comparative Advantage Belgium - Guinea

Flow
Scale

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

During 2022, Belgium had a large net trade with Guinea in the exports of Mineral Products ($86.7M), Transportation ($70.9M), and Foodstuffs ($27.8M).

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).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Guinea. Similarly, the more yellow a dot/product is, the more Guinea has comparative advantage over Belgium.

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

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