Guinea recorded a trade deficit of 2.60 USD Million in the third quarter of 2019.

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 October of 2020.

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.

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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 878.90 884.43 2550.37 -170.26 USD Million [+]
Exports 565.87 925.88 1471.17 120.92 USD Million [+]
Terrorism Index 0.97 0.32 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.