Guinea recorded a trade surplus of 585.35 USD Million in the first quarter of 2021. source: Central Bank of Republic of Guinea

Balance of Trade in Guinea averaged 48.34 USD Million from 1986 until 2021, reaching an all time high of 2037.40 USD Million in the third quarter of 2020 and a record low of -1935.03 USD Million in the fourth quarter of 2016. This page provides - Guinea Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Balance of Trade - values, historical data and charts - was last updated on September of 2021.

Balance of Trade in Guinea is expected to be -151.50 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Guinea to stand at -102.77 in 12 months time. In the long-term, the Guinea Balance of Trade is projected to trend around -178.51 USD Million in 2022 and -164.58 USD Million in 2023, according to our econometric models.

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Guinea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
585.35 1345.67 2037.40 -1935.03 1986 - 2021 USD Million Quarterly

Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 585.35 1345.67 2037.40 -1935.03 USD Million [+]
Current Account 273.30 688.28 1207.02 -2311.44 USD Million [+]
Current Account to GDP -13.30 -11.70 4.20 -33.90 percent of GDP [+]
Imports 1010.88 906.10 2550.37 -170.26 USD Million [+]
Exports 1596.23 2251.77 2993.30 120.92 USD Million [+]
Terrorism Index 0.41 0.97 4.22 0.00 [+]

Guinea Balance of Trade
Guinea has the largest bauxite reserve in the world as well as significant iron, gold and diamond reserves and is a leading exporter of such minerals. Guinea is also a net exporter of coffee. However, Guinea is highly dependent on imports for fuels, capital equipment, consumer goods and foodstuffs. Main trading partners are China and the United States.