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Foreign Trade in Figures

Guinea is open to foreign trade, which accounts for 132% of its GDP (World Bank, latest data available). About 95% of exports are mining products, and the country has become the world’s third-largest producer of bauxite. Gold and aluminum ores are among the main exports; whereas imports are led by refined petroleum, rice, wheat, rolled tobacco, motorcycles, and cycles (ITC, 2022).

The three main destinations of Guinea’s exports are China (36.9%), India (26.8%), and the UAE (25%), followed by Switzerland (3.3%) and Spain (2%). On the other hand, the country’s imports come mainly from China (37.4%), India (9.7%), the UAE (4.1%), the Netherlands (7.7%), and Belgium (3.8% - ITC, 2021). The country is a member of both WTO and ECOWAS and is in the process of an economic partnership with the EU as an ACP country. Customs duties are relatively high, but Guinea continues to work to make its economy more open by reducing other non-tariff barriers. Yet, nepotism, corruption, unskilled labor, and lack of transparency in duties and other tax payments are all factors that undermine trade growth.

The country had a structural trade deficit; nevertheless, in recent years, the trend reversed: in 2022, merchandise exports reached USD 7.6 billion thanks to increased gold and bauxite exports, whereas imports stood at USD 4.6 billion. Concerning services, Guinea is a net importer with USD 906 million in imports and USD 146 million in exports in 2022 (data WTO). According to Reuters, Guinea's bauxite production and exports increased for the third consecutive year in 2023 (+24.5%), as production reached 123 million tonnes (+19% y-o-y).

Foreign Trade Indicators 20192020202120222023
Imports of Goods (million USD) 3,4703,7274,1874,8434,696
Exports of Goods (million USD) 3,9458,93110,2398,7539,636
Imports of Services (million USD) 8502,5861,1669062,554
Exports of Services (million USD) 956527146155
Imports of Goods and Services (Annual % Change) -4-765-3n/a
Exports of Goods and Services (Annual % Change) 7-939-3n/a
Trade Balance (million USD) 4755,2046,0523,910n/a
Foreign Trade (in % of GDP) 78115106107n/a
Imports of Goods and Services (in % of GDP) 43686364n/a
Exports of Goods and Services (in % of GDP) 35474344n/a

Source: WTO – World Trade Organisation ; World Bank - Latest available data.

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To go further, check out our service Import controls and Export Controls

To go further, check out our service Import-Export Flows


Main Services

Source: United Nations Statistics Division, Latest Available Data

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List of tariffs and local taxes that apply to your product on our service Customs Duties


Trade Compliance

International Conventions
Member of the World Trade Organization (WTO)
Party to the International Coffee Agreement
International Economic Cooperation
Member of the African Union

Member of the Economic Community of West African States (ECOWAS)

Member of the ‘Mano River Union’ which aims to form a Customs union bringing together Guinea, Sierra Leone and Liberia.

Useful Resources
The national customs website
National Organisation of Intellectual Property
You can contact the National Service of Industrial Property by Email.

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Latest Update: May 2024