Country intelligence · GNB · 2024

Guinea-Bissau trade profile

In 2024, Guinea-Bissau recorded $196.8M in merchandise exports and $534.5M in imports, producing a $337.7M trade deficit. Exports changed +96.9% from the previous year, while imports changed -6.4%.[1]

Exports

$196.8M

+96.9%

Imports

$534.5M

-6.4%

Trade balance

-$337.7M

deficit

Active partners

270

13 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$196.8M$534.5M-$337.7M+96.9%
2023$100.0M$571.1M-$471.2M-50.0%
2022$200.1M$425.7M-$225.5M+9.7%
2021$182.5M$425.2M-$242.7M+12.7%
2020$162.0M$331.2M-$169.3M-19.0%
2019$199.9M$277.5M-$77.5M+4.4%
2018$191.6M$331.6M-$140.1M-32.2%
2017$282.4M$320.4M-$38.0M-5.6%
2016$299.2M$262.8M$36.4M-14.9%
2015$351.5M$259.7M$91.7M+48.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 08 · HS chapter

49 active HS6 lines · 21 export partners

$181.7M
2

HS 03 · HS chapter

59 active HS6 lines · 9 export partners

$4.8M
3

HS 23 · HS chapter

6 active HS6 lines · 1 export partners

$4.3M
4

HS 18 · HS chapter

8 active HS6 lines · 2 export partners

$1.3M
5

HS 12 · HS chapter

20 active HS6 lines · 3 export partners

$1.3M
6

HS 84 · Machinery

306 active HS6 lines · 26 export partners

$1.1M
7

HS 76 · HS chapter

23 active HS6 lines · 6 export partners

$607.8K
8

HS 85 · Electrical machinery

201 active HS6 lines · 23 export partners

$521.7K

Leading export markets

Destinations rank bilateral export flows from Guinea-Bissau; growth describes each corridor rather than the whole economy.

1

India

Annual change +175.8% · 3-year CAGR 12.0%

$178.7M
2

Türkiye

Annual change +146.8% · 3-year CAGR 8.2%

$5.6M
3

DR Congo

Annual change +2190.8% · 3-year CAGR 570.6%

$2.2M
4

South Korea

Annual change -10.2% · 3-year CAGR -16.8%

$1.3M
5

Finland

Annual change +360.3% · 3-year CAGR 3937.4%

$1.2M
6

Japan

Annual change -6.8% · 3-year CAGR 744.7%

$1.1M
7

Netherlands

Annual change -56.9% · 3-year CAGR 90.0%

$1.1M
8

Malaysia

Annual change +58.5% · 3-year CAGR 626.1%

$1.0M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.