Guinea is richly endowed with significant diamond and gold deposits. The country is a leading exporter of bauxite and holds the mineral’s largest reserve in the world. Thus global buyers are usually looking for iron, gold, diamonds, and bauxite commodities to export from Guinea. The country also has considerable potential for growth in the agricultural and fishing sectors. Land, water, and climatic conditions provide opportunities for large-scale irrigated farming and agricultural industry.
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The Republic of Guinea is a modern market economy, based on free market policies. It is the world's 145th largest importer and the 133rd most complex economy. The main sectors of the country's economy are agriculture and industry. The industrial sector is responsible for 38 percent of the GDP, with 9 percent consisting of the production of manufactured goods.
The agricultural sector represents 22 percent of the GDP and engages 84 percent of the total labor force. The major agriculture-related activities include processing plants for soft drinks, beer and tobacco. Guinea has rich natural and cultivated forests areas, and the production of timber develops fast. About 2.6 percent of the total arable land is cultivated, this is why Guinea imports approximately 30 percent of the food needs.
Guinea’s main imports are: food products (rice, wheat flour, raw sugar), clothing, fuels (refined petroleum), pharmaceuticals, machinery. The major import partners are: China, India, USA, Netherlands, France.
Guinea Customs Contact Information
Address: 8th Floor Revenue Haus Champion Parade Down Town Port Moresby Postal P.O Box 923 Port Moresby NCD, Papua New Guinea
Guinea is a country situated in West Africa on the Atlantic, bordered by Guinea-Bissau, Senegal, Mali, Côte d'Ivoire, Liberia, and Sierra Leone. Guinea is a member of the WTO and ECOWAS, and is negotiating economic partneships with the EU as an ACP member country.