Guinea recorded a trade deficit of 426.33 USD Million in the second quarter of 2018. Balance of Trade in Guinea averaged -62.91 USD Million from 1986 until 2018, reaching an all time high of 195.72 USD Million in the first quarter of 2016 and a record low of -524 USD Million in the fourth quarter of 2011.

Balance of Trade in Guinea is expected to be 48.55 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 84.51 in 12 months time. In the long-term, the Guinea Balance of Trade is projected to trend around 62.03 USD Million in 2020, according to our econometric models.

Guinea Balance of Trade
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Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade -426.33 -189.33 195.72 -524.00 USD Million [+]
Current Account -403.11 -75.90 197.57 -675.34 USD Million [+]
Current Account to GDP 5.51 -32.12 5.51 -33.90 percent [+]
Exports 731.54 863.48 1471.17 120.92 USD Million [+]
Imports 1157.87 1052.81 1398.49 321.74 USD Million [+]
Terrorism Index 0.32 0.72 4.22 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Guinea Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-426.33 -189.33 195.72 -524.00 1986 - 2018 USD Million Quarterly




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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