According to resources, the total export to Guinea from India reached an estimated revenue of more than $500 Million by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
| Value in $ Million & Billion | 2020-2021 | 2021-2022(Apr-Dec) |
| India Export to Guinea | 501M | 437M |
| India Import from Guinea | 1631M | 2684M |
| Total Trade | $2.13B | $3.12B |
Pharmaceuticals, Cereals and Vehicles are the major exported products from India to Guinea at the present moment.
The E-commerce market in Guinea reached more than $360 Million by 2022 and expected to cross $690 by the year 2025 with 23% growth rate.
The main reason behind this development is the Internet penetration rate in Guinea which has reached more than 23% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Guinea market whether through offline channels or online selling platforms & marketplaces in Guinea.
Useful resources