Guinea recorded a trade deficit of 426.33 USD Million in the second quarter of 2018.

Balance of Trade in Guinea averaged -62.91 USD Million from 1986 until 2018, reaching an all time high of 195.72 USD Million in the first quarter of 2016 and a record low of -524 USD Million in the fourth quarter of 2011. This page provides - Guinea Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Guinea is expected to be -151.50 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Guinea to stand at -127.14 in 12 months time. In the long-term, the Guinea Balance of Trade is projected to trend around -164.58 USD Million in 2020, according to our econometric models.

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Guinea Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-426.33 -189.33 195.72 -524.00 1986 - 2018 USD Million Quarterly

Guinea Balance of Trade
Guinea has the largest bauxite reserve in the world as well as significant iron, gold and diamond reserves and is a leading exporter of such minerals. Guinea is also a net exporter of coffee. However, Guinea is highly dependent on imports for fuels, capital equipment, consumer goods and foodstuffs. Main trading partners are China and the United States.