Country intelligence · GNQ · 2024

Equatorial Guinea trade profile

In 2024, Equatorial Guinea recorded $4.1B in merchandise exports and $1.1B in imports, producing a $3.0B trade surplus. Exports changed -12.1% from the previous year, while imports changed +9.5%.^[1]

Exports

$4.1B

-12.1%

Imports

$1.1B

+9.5%

Trade balance

$3.0B

surplus

Active partners

270

0 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

Year	Exports	Imports	Balance	Export growth
2024	$4.1B	$1.1B	$3.0B	-12.1%
2023	$4.7B	$1.0B	$3.7B	-35.6%
2022	$7.3B	$1.1B	$6.2B	+54.9%
2021	$4.7B	$1.0B	$3.7B	+66.3%
2020	$2.8B	$1.3B	$1.5B	-39.2%
2019	$4.7B	$1.1B	$3.6B	-21.8%
2018	$6.0B	$1.1B	$4.9B	+22.3%
2017	$4.9B	$878.1M	$4.0B	+15.2%
2016	$4.2B	$1.5B	$2.7B	-32.6%
2015	$6.3B	$2.9B	$3.3B	-47.5%

Leading export sectors

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

HS 27 · Mineral fuels and oils

18 active HS6 lines · 35 export partners

$3.8B

HS 29 · Organic chemicals

327 active HS6 lines · 11 export partners

$209.9M

HS 44 · HS chapter

69 active HS6 lines · 19 export partners

$52.6M

HS 72 · HS chapter

86 active HS6 lines · 12 export partners

$14.5M

HS 99 · HS chapter

1 active HS6 lines · 11 export partners

$4.2M

HS 76 · HS chapter

28 active HS6 lines · 11 export partners

$3.5M

HS 74 · HS chapter

24 active HS6 lines · 7 export partners

$3.3M

HS 18 · HS chapter

9 active HS6 lines · 5 export partners

$1.9M

Leading export markets

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

China

Annual change -28.3% · 3-year CAGR -6.3%

$893.5M

Spain

Annual change +31.5% · 3-year CAGR -4.1%

$642.6M

India

Annual change +235.0% · 3-year CAGR -12.6%

$507.9M

Italy

Annual change -18.2% · 3-year CAGR 35.7%

$279.9M

Japan

Annual change +20.9% · 3-year CAGR 7.6%

$174.8M

Thailand

Annual change -9.6% · 3-year CAGR 40.7%

$173.7M

South Korea

Annual change -21.6% · 3-year CAGR -19.9%

$169.3M

Indonesia

Annual change +6.8% · 3-year CAGR 5.2%

$156.1M

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.

Data sources Methodology Open country workspace