According to resources, the total export to Guinea Bissau from India reached an estimated revenue of more than $18 Million by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
Value in $Million | 2020-2021 | 2021-2022(Apr-Dec) |
India Export to Guinea Bissau | 18 | 8 |
India Import from Guinea Bissau | 126 | 149 |
Total Trade | 144M | 157M |
Cereals, Footwears and Pharmaceuticals are the major exported products from India to Guinea Bissau at the present moment.
The E-commerce market in Guinea Bissau rising with a good growth rate and the main reason behind this development is the Internet penetration rate in Guinea Bissau which has reached more than 28% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Guinea Bissau market whether through offline channels or online selling platforms & marketplaces in Guinea Bissau.