Guinea recorded a trade deficit of 2.60 USD Million in the third quarter of 2019. source: Central Bank of Republic of Guinea

Balance of Trade in Guinea averaged -43.25 USD Million from 1986 until 2019, reaching an all time high of 927.63 USD Million in the fourth quarter of 2017 and a record low of -1935.05 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 January 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 2021 and -164.58 USD Million in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Guinea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2.60 319.17 927.63 -1935.05 1986 - 2019 USD Million Quarterly

Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade -2.60 319.17 927.63 -1935.05 USD Million [+]
Current Account 2043.06 -78.75 2043.06 -2311.44 USD Million [+]
Current Account to GDP -13.60 -7.30 4.20 -33.90 percent [+]
Imports 288.15 946.19 2550.37 -170.26 USD Million [+]
Exports 1028.20 750.95 1471.17 120.92 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.