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Guinea - Trade Balance 2021

External balance on goods and services · World Bank
$-470.8M +$2.6B from 2020 Global rank: 81st

Guinea's trade balance was $-470.8M in 2021, increased +$2.6B from $-3.1B in 2020. This was the 81st highest globally.

Global Ranking - 2021▾
Trade Balance by Country - 2021
RankCountryValueYoY
1st United States $-860.0B -37.3%
2nd India $-83.1B -690.5%
3rd Philippines $-47.2B -68.1%
4th Egypt, Arab Republic of $-37.1B -34.6%
5th France $-36.0B 21.2%
6th Pakistan $-31.1B -27.6%
7th Bangladesh $-26.6B -32.2%
8th Japan $-26.2B -92.9%
9th Mexico $-25.4B -240.3%
10th Colombia $-24.4B -28.8%
11th Greece $-16.4B -15.6%
12th Romania $-16.2B -46.3%
13th Morocco $-13.1B -49.2%
14th Nepal $-12.1B -32.7%
15th Guatemala $-12.1B -84.3%
16th Uzbekistan $-11.5B -41.4%
17th New Zealand $-10.0B -702.0%
18th Kenya $-9.6B -27.3%
19th Jordan $-9.5B -18.4%
20th Dominican Republic $-8.4B -50.4%
21st Portugal $-7.1B -55.1%
22nd El Salvador $-7.1B -62.6%
23rd West Bank and Gaza $-7.0B -22.4%
24th Honduras $-6.9B -82.8%
25th Sri Lanka $-6.5B -25.6%
26th Lebanon $-6.2B -12.4%
27th Senegal $-5.5B -20.9%
28th Mozambique $-5.1B -3.8%
29th Serbia $-5.1B -11.8%
30th Haiti $-4.8B -49.0%
31st Tunisia $-4.7B -33.6%
32nd Somalia, Fed. Rep. $-4.4B -6.3%
33rd Syrian Arab Republic $-4.3B -106.2%
34th Uganda $-4.1B -77.3%
35th Moldova $-3.7B -37.7%
36th Guam $-3.5B -15.3%
37th Afghanistan $-3.2B 37.2%
38th Georgia $-3.1B -0.2%
39th Kosovo $-3.0B -20.5%
40th Chile $-2.8B -124.7%
41st Kyrgyz Republic $-2.6B -61.6%
42nd Ukraine $-2.6B -11.4%
43rd Bosnia and Herzegovina $-2.6B 2.7%
44th Niger $-2.5B -15.2%
45th Namibia $-2.4B -140.4%
46th Albania $-2.4B -9.2%
47th Malawi $-2.4B -6.0%
48th Mali $-2.3B -90.0%
49th North Macedonia $-2.2B -41.2%
50th Tajikistan $-2.1B -22.2%
51st New Caledonia $-2.1B -19.4%
52nd Ghana $-2.1B 16.3%
53rd Nicaragua $-1.9B -190.7%
54th Croatia $-1.9B 53.1%
55th Zimbabwe $-1.9B -156.2%
56th Rwanda $-1.7B -0.7%
57th Cameroon $-1.7B -25.5%
58th Mauritius $-1.6B -31.9%
59th French Polynesia $-1.6B -4.6%
60th Madagascar $-1.3B -13.8%
61st Latvia $-1.2B -353.0%
62nd Bahamas, The $-1.2B -68.8%
63rd Tanzania $-1.2B -87.5%
64th Montenegro $-1.1B 32.1%
65th Lesotho $-1.1B -5.5%
66th Benin $-1.1B -37.8%
67th Armenia $-1.1B 12.9%
68th Botswana $-925.1M 59.0%
69th Togo $-863.5M -29.2%
70th Mauritania $-792.7M -142.1%
71st Sierra Leone $-791.8M -9.3%
72nd Thailand $-679.1M -102.6%
73rd Hungary $-668.4M -125.6%
74th Northern Mariana Islands $-611.0M -42.8%
75th Cabo Verde $-610.5M -20.5%
76th Gambia, The $-581.4M -13.8%
77th Slovak Republic $-549.2M -148.0%
78th Cambodia $-536.3M 31.9%
79th Bhutan $-531.2M -37.7%
80th Greenland $-512.9M -54.7%
81st Guinea $-470.8M 84.7%
82nd Estonia $-461.3M -33.8%
83rd Central African Republic $-445.5M 0.1%
84th Iceland $-394.0M -373.6%
85th Vanuatu $-388.2M -29.5%
86th Côte d'Ivoire $-379.6M -1,459.5%
87th American Samoa $-362.0M -39.8%
88th Seychelles $-345.7M -22.6%
89th Samoa $-316.6M -90.9%
90th Mongolia $-305.8M -192.5%
91st Comoros $-282.9M -3.7%
92nd Bolivia, Plurinational State of $-269.1M 83.1%
93rd Tonga $-240.9M -12.0%
94th Solomon Islands $-223.0M -234.2%
95th Kiribati $-191.0M -50.2%
96th Guinea-Bissau $-185.7M 8.8%
97th Micronesia, Federated States of $-184.0M 2.6%
98th Palau $-156.7M -4.7%
99th Aruba $-140.5M 63.5%
100th Antigua and Barbuda $-114.6M 22.8%
101st Belize $-92.8M 28.9%
102nd Nauru $-86.2M -44.6%
103rd Marshall Islands $-73.4M 17.6%
104th Eswatini $-33.9M -125.7%
105th Virgin Islands (US) $12.0M 100.8%
106th Faroe Islands $17.5M 139.1%
107th Algeria $96.2M 100.6%
108th Sudan $127.4M 59.5%
109th Finland $159.7M -75.8%
110th Congo, Democratic Republic of $160.6M 125.7%
111th San Marino $485.4M 30.9%
112th Paraguay $492.2M -63.3%
113th Maldives $503.7M 175.9%
114th Burkina Faso $625.2M 25.3%
115th Djibouti $745.7M 178.2%
116th Ecuador $933.2M -62.2%
117th Timor-Leste $984.8M 498.8%
118th Costa Rica $1.0B -55.5%
119th United Kingdom $1.3B -93.6%
120th Cyprus $1.4B 505.4%
121st Chad $1.5B 404.4%
122nd Equatorial Guinea $1.6B 336.0%
123rd Bermuda $1.8B 3.0%
124th Brunei Darussalam $1.9B 248.7%
125th Panama $2.1B -5.2%
126th Canada $2.1B 105.7%
127th Bulgaria $2.1B 17.7%
128th Congo, Republic of $3.0B 114.5%
129th Lithuania $3.0B -42.7%
130th Turkmenistan $3.3B 2,739.6%
131st Malta $3.4B 18.9%
132nd Slovenia $3.5B -28.1%
133rd Viet Nam $3.8B -80.4%
134th Macao SAR, China $3.8B 14,568.3%
135th Belarus $3.9B 107.6%
136th Zambia $4.0B 56.0%
137th Türkiye $4.2B 119.6%
138th Austria $4.2B -71.4%
139th Uruguay $4.6B 84.9%
140th Iran, Islamic Republic of $5.6B 127.9%
141st Peru $6.9B 92.5%
142nd Libya $7.0B 245.4%
143rd Gabon $7.1B 84.6%
144th Bahrain $7.7B 292.2%
145th Azerbaijan $9.2B 2,880.9%
146th Oman $9.4B 451.5%
147th Brazil $9.4B 5.2%
148th Czechia $10.8B -36.0%
149th Belgium $11.2B 46.3%
150th Puerto Rico (US) $12.9B -27.5%
151st Israel $13.4B 5.3%
152nd Angola $13.8B 166.7%
153rd Spain $14.5B -26.0%
154th Argentina $14.9B 28.1%
155th Kazakhstan $17.0B 146.4%
156th Hong Kong SAR, China $20.5B 208.7%
157th Poland $22.1B -35.1%
158th Sweden $24.4B 9.2%
159th Denmark $24.7B 23.4%
160th South Africa $26.1B 75.9%
161st Malaysia $27.0B 25.8%
162nd Iraq $27.6B 779.4%
163rd Luxembourg $29.1B 18.8%
164th Indonesia $31.2B 74.2%
165th Kuwait $31.8B 429.3%
166th Qatar $44.3B 273.6%
167th Italy $44.5B -33.6%
168th Australia $59.3B 31.8%
169th Korea $65.5B 1.9%
170th Saudi Arabia $73.0B 10,891.9%
171st Norway $74.7B 2,278.6%
172nd United Arab Emirates $77.6B 46.3%
173rd Switzerland $99.6B 109.7%
174th Netherlands $102.8B 7.5%
175th Singapore $158.3B 43.8%
176th Russian Federation $172.3B 127.3%
177th Ireland $221.5B 143.7%
178th Germany $223.0B 6.6%
179th China $460.8B 29.8%
Source: World Bank (NE.RSB.GNFS.CD)

FAQ

What was Guinea's trade balance in 2021?▾

Guinea's trade balance in 2021 was $-470.8M. This ranked 81st globally.

How did Guinea's trade balance change in 2021?▾

Guinea's trade balance increased by 84.7% in 2021 compared to 2020.

Which country had the highest trade balance in 2021?▾

China had the highest trade balance in 2021 at $460.8B.

What is the trade balance of Guinea in 2021?▾

The trade balance of Guinea in 2021 was $-470.8M. This ranked 81st globally.

How does 2021 compare to 2020 for Guinea's trade balance?▾

Guinea's trade balance went from $-3.1B in 2020 to $-470.8M in 2021, a 84.7% increase.

HistorySaid - pattern alert

Guinea matched the Export Boom Cycle pattern in 2021. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 5.5%. View full analysis →

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2020 2022 All years Full ranking 2021 Exports Imports Current Account Balance FDI Inflows FDI Outflows Peak: 1986 Lowest: 2016 Trade Balance 1990s Trade Balance 2000s Trade Balance 2010s Trade Balance 2020s Highest ever Lowest ever Average vs Comoros vs Pakistan vs Tajikistan vs Benin Organisation of Islamic Cooperation Trade Balance African Union Trade Balance Global Ranking