Guinea recorded a trade surplus of 2863.70 USD Million in the fourth quarter of 2021. source: Central Bank of Republic of Guinea

Balance of Trade in Guinea averaged 121.33 USD Million from 1986 until 2021, reaching an all time high of 2863.70 USD Million in the fourth quarter of 2021 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 2022.

Balance of Trade in Guinea is expected to be 1600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Balance of Trade is projected to trend around 2120.00 USD Million in 2023 and 1970.00 USD Million in 2024, according to our econometric models.

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Guinea Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 2863.70 1407.19 USD Million Dec 2021
Current Account 1045.10 2664.40 USD Million Mar 2022
Current Account to GDP -4.00 -13.70 percent of GDP Dec 2021
Imports 1144.45 1011.38 USD Million Dec 2021
Exports 4008.15 2418.57 USD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
2863.70 1407.19 2863.70 -1935.03 1986 - 2021 USD Million Quarterly