Guinea
Africa
Trade in Guinea
| Guinea was the world’s 97th largest exporter of goods and 155th largest exporter of commercial services in 2022. Export values were $8.75 billion and $146 million USD respectively. Guinea’s top export category was Fuels and mining products, followed by Agricultural products, and Manufactures. In 2022, Guinea’s main export destination markets for goods and services trade were to United Arab Emirates, Ghana and India, with trade representing 107.48 per cent of GDP. In terms of imports, Guinea is the world’s 137th largest importer of goods and 139th largest importer of commercial services. Import values were $4.84 billion and $906 million USD respectively in 2022. Guinea’s top import category was Manufactures, followed by Machinery and transport equipment and Agricultural products. Leading import partners were China, United Arab Emirates and Netherlands. Guinea is part of 2 different Regional Trade Agreements, including Economic Community of West African States (ECOWAS) and Global System of Trade Preferences among Developing Countries (GSTP). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Republic of Guinea |
Abbreviation |
GN |
Capital |
Conakry |
WTO Membership Date |
25 October 1995 |
Legal System |
civil law system based on the French model |
Language |
French |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Guinean franc |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Copyright Offices |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Last Reviewed: June, 2024
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