Trade Trend

In 2023, Guinea-bissau's total export value is 264.99Million USD, total import value is 393.37Million USD, Deficit is -128.38Million USD, and foreign trade dependency is 0.335. In 2023，Guinea-bissau's top export products are Nuts, edible; coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled(239.31Million USD), Fats and oils and their fractions of fish or marine mammals; whether or not refined, but not chemically modified(13.50Million USD), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(7.63Million USD), top export destinations are Vietnam(171.11Million USD), India(64.11Million USD), Chile(10.04Million USD). In 2023, Guinea-bissau's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(123.51Million USD), Rice(45.85Million USD), Beer made from malt(10.73Million USD), top import origins are Portugal(137.82Million USD), China(62.70Million USD), Gambia(59.25Million USD).

Comparing to 2022, Guinea-bissau's total export value increased 43.78Million USD(19.79%) in 2023, this could result from its export increases of products such as Nuts, edible; coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled(36.82Million USD or 18.18%), Fats and oils and their fractions of fish or marine mammals; whether or not refined, but not chemically modified(12.85Million USD or 1.96Thousands%), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process(1.29Million USD or 88.43Thousands%) and export increases to countries/economics such as Chile(9.39Million USD or 1.44Thousands%), Turkey(2.09Million USD or 494.68%), Ghana(1.54Million USD or 47.84%). Comparing to 2022, Guinea-bissau's total import value increased 1.48Million USD(0.38%) in 2023, this could result from its import increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(51.76Million USD or 72.14%), Rice(28.27Million USD or 160.85%), Cane or beet sugar and chemically pure sucrose, in solid form(4.20Million USD or 426.60%), and its import increases from countries/economies such as Gambia(58.63Million USD or 9.37Thousands%), Pakistan(18.40Million USD or 587.64%), China(7.65Million USD or 13.90%).

Cumulated to first 6 months of 2024, Guinea-bissau's total export value is 59.13Million USD, total import value is 109.15Million USD, and tradedeficit is -50.01Million USD. Cumulated to first 6 months of 2024, Guinea-bissau's top export products are Nuts, edible; coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled(56.60Million USD), Cocoa beans; whole or broken, raw or roasted(1.06Million USD), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(465.00Thousands USD), and top export destinations are Vietnam(40.63Million USD), India(15.58Million USD), Malaysia(777.12Thousands USD). Cumulated to first 6 months of 2024, Guinea-bissau's top import products are Nuts, edible; coconuts, Brazil nuts and cashew nuts, fresh or dried, whether or not shelled or peeled(56.60Million USD), Cocoa beans; whole or broken, raw or roasted(1.06Million USD), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(465.00Thousands USD), and top import origins arePortugal(42.09Million USD), China(33.63Million USD), Netherlands(8.37Million USD).