Guinea-Bissau-Senegal Bilateral Trade Analysis 2023
Complete trade statistics: $157.58M total volume •Guinea-Bissau deficit: $157.14M
Guinea-Bissau → Senegal
$217,069
Exports (2023)
Senegal → Guinea-Bissau
$157.36M
Imports (2023)
Trade Balance
$157.14M
Deficit for Guinea-Bissau
Total Trade
$157.58M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guinea-Bissau and Senegal. Green line shows exports from Guinea-Bissau, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Guinea-Bissau-Senegal commercial relationship and competitive positioning in global markets.
Guinea-Bissau → Senegal Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guinea-Bissau's export portfolio to Senegal demonstrates strategic specialization, with fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 representing a key competitive advantage in this bilateral market.
Senegal → Guinea-Bissau Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guinea-Bissau's import pattern from Senegal reveals significant dependencyin iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guinea-Bissau demonstrates competitive strength in exportingfish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 to Senegal, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $157.58M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guinea-Bissau-Senegal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $157.58 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guinea-Bissau maintains a deficit of $157.14 million
- Export Focus: Guinea-Bissau's primary exports include fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc, vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), n.e.c. in item no 8704.1
- Import Dependencies: Key imports from Senegal include iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, soups and broths and preparations therefor
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $157.58M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Guinea-Bissau leveraging its comparative advantages in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Guinea-Bissau's specialization in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99complements Senegal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $157.58M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $157.58M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $157.58 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 and iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guinea-Bissau's trade deficit of $157.14 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Guinea-Bissau and Senegal represents a total trade volume of $157.58 million in 2023. This partnership demonstrates an unfavorable trade balance for Guinea-Bissau, with imports exceeding exportsby $157.14 million.
Export Strengths
Guinea-Bissau's exports to Senegal total $217.07 thousand, with competitive advantages in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, representing $87,985 or40.5% of bilateral exports.
Import Dependencies
Imports from Senegal amount to $157.36 million, highlighting economic interdependence in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, with Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling comprising51.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Guinea-Bissau's strategic sourcing from Senegal. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Guinea-Bissau and Senegal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023