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Equatorial Guinea trade in 2024

In 2024, Equatorial Guinea exported $4.5 billion and imported $1 billion, a trade surplus of $3.5 billion. It was the world's 124th-largest exporter, with 0.02% of world exports. Its top export was crude petroleum (50.6% of the total) and its main trading partner was China (21.1% of its trade).

Summary

Exports
$4.5billion
Imports
$1billion
Trade balance
+$3.5billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Crude petroleum (50.6%) and natural gas and LPG (42.2%) together make up 92.8% of its exports.

  1. Crude petroleum$2.3 billion · 50.6%
    Main partner: China
  2. Natural gas and LPG$1.9 billion · 42.2%
    Main partner: India
  3. Alcohols$225 million · 5%
    Main partner: Germany
  4. Logs$35 million · 0.78%
    Main partner: China
  5. Ferrous scrap$16 million · 0.35%
    Main partner: India
  6. Sawn wood$14 million · 0.31%
    Main partner: China
  7. Refined petroleum$11 million · 0.24%
    Main partner: Central African Republic
  8. Wood veneer sheets$9 million · 0.19%
    Main partner: China
  9. Aluminum scrap$4 million · 0.08%
    Main partner: India
  10. Copper scrap$2 million · 0.05%
    Main partner: India

What it imports

Tugboats (9%) and poultry meat (4.1%) together make up 13.1% of its imports.

  1. Tugboats$91 million · 9%
    Main partner: Angola
  2. Poultry meat$42 million · 4.1%
    Main partner: Brazil
  3. Dredgers and floating cranes$32 million · 3.1%
    Main partner: Nigeria
  4. Beer$27 million · 2.6%
    Main partner: Spain
  5. Soft drinks$24 million · 2.4%
    Main partner: Spain
  6. Flexible metal tubing$22 million · 2.2%
    Main partner: Denmark
  7. Cargo and cruise ships$18 million · 1.8%
    Main partner: Nigeria
  8. Air pumps, compressors and fans$17 million · 1.7%
    Main partner: United States
  9. Cables and wire$15 million · 1.5%
    Main partner: United Kingdom
  10. Furniture$15 million · 1.5%
    Main partner: China

Its products

Destinations and sources of its products that have their own page.

By Harmonized System chapter (93)
ChapterExportsImports
27 · Oil, gas and coal$4.2 billion$15 million
29 · Organic chemicals$225 million$2 million
44 · Wood$58 million$3 million
72 · Iron and steel$16 million$11 million
76 · Aluminum$4 million$10 million
74 · Copper$2 million$2 million
18 · Cocoa and chocolate$2 million$2 million
25 · Salt, stone and cement$1 million$1 million
84 · Mechanical machinery$1 million$139 million
38 · Miscellaneous chemicals$623 thousand$8 million
78 · Lead$328 thousand$8 thousand
73 · Iron and steel products$166 thousand$49 million
87 · Vehicles$155 thousand$35 million
48 · Paper and paperboard$138 thousand$12 million
33 · Perfumes and cosmetics$114 thousand$9 million
86 · Railway equipment$112 thousand$987 thousand
90 · Precision and medical instruments$88 thousand$19 million
79 · Zinc$79 thousand$337 thousand
08 · Fruit and nuts$71 thousand$3 million
94 · Furniture and lighting$66 thousand$28 million
09 · Coffee, tea and spices$61 thousand$844 thousand
82 · Tools and cutlery$42 thousand$4 million
22 · Beverages and spirits$39 thousand$68 million
39 · Plastics$39 thousand$38 million
10 · Cereals$37 thousand$11 million
16 · Prepared meat and fish$35 thousand$12 million
04 · Dairy, eggs and honey$28 thousand$12 million
34 · Soap and cleaning products$27 thousand$11 million
85 · Electrical and electronic equipment$24 thousand$78 million
03 · Fish and seafood$15 thousand$12 million
01 · Live animals$13 thousand$57 thousand
49 · Books and printed matter$12 thousand$3 million
42 · Leather goods and bags$12 thousand$2 million
88 · Aircraft and spacecraft$11 thousand$2 million
63 · Home textiles and used clothing$5 thousand$9 million
40 · Rubber$5 thousand$10 million
32 · Dyes, paints and tanning agents$3 thousand$6 million
20 · Preserved fruit and vegetables$3 thousand$13 million
71 · Gems and precious metals$2 thousand$176 thousand
19 · Baked goods and cereal products$2 thousand$19 million
61 · Knitted clothing$2 thousand$5 million
60 · Knitted fabric$1 thousand$12 thousand
97 · Art and antiques$1 thousand$43 thousand
07 · Vegetables$1 thousand$4 million
30 · Pharmaceuticals$1 thousand$8 million
65 · Hats$984$197 thousand
35 · Glues, starches and enzymes$741$853 thousand
70 · Glass$619$5 million
62 · Woven clothing$574$4 million
68 · Stone, plaster and cement articles$549$7 million
83 · Miscellaneous metal goods$523$27 million
96 · Other manufactured goods$508$7 million
17 · Sugar and sweets$501$9 million
56 · Felt, nonwovens and rope$446$494 thousand
95 · Toys and sports gear$377$3 million
91 · Watches and clocks$52$295 thousand
93 · Weapons and ammunition$50$0
06 · Live plants and flowers$45$38 thousand
58 · Special fabrics and lace$44$68 thousand
69 · Ceramics$24$17 million
67 · Feathers and artificial flowers$18$388 thousand
92 · Musical instruments$18$30 thousand
14 · Other plant products$18$10 thousand
21 · Food preparations$17$9 million
89 · Ships and boats$12$144 million
57 · Carpets and rugs$12$574 thousand
64 · Footwear$6$5 million
05 · Other animal products$6$506 thousand
54 · Synthetic filaments$6$476 thousand
59 · Coated and technical textiles$6$361 thousand
80 · Tin$6$46 thousand
02 · Meat and offal$0$57 million
15 · Fats and oils$0$14 million
11 · Milling products and malt$0$13 million
24 · Tobacco$0$3 million
28 · Inorganic chemicals$0$3 million
36 · Explosives and matches$0$967 thousand
23 · Animal feed and food waste$0$729 thousand
66 · Umbrellas and canes$0$548 thousand
31 · Fertilizers$0$519 thousand
37 · Photographic goods$0$316 thousand
53 · Other plant fibers$0$194 thousand
52 · Cotton$0$183 thousand
55 · Synthetic staple fibers$0$120 thousand
75 · Nickel$0$109 thousand
12 · Oilseeds and grains$0$106 thousand
26 · Ores and slag$0$101 thousand
81 · Other base metals$0$46 thousand
13 · Gums and plant extracts$0$45 thousand
46 · Wicker and basketware$0$44 thousand
47 · Wood pulp$0$42 thousand
45 · Cork$0$8 thousand
41 · Hides and leather$0$6 thousand

Trading partners

China is its main destination (22.1% of exports) and source (16.8% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
China98622.1%Sea
Spain69215.5%Sea
India58413.1%Sea
Italy2976.7%Sea
Japan1994.5%Sea
Thailand1974.4%Sea
South Korea1894.2%Sea
Indonesia1723.8%Sea
Germany1443.2%Sea
France1433.2%Sea

Who it buys from

PartnerValue (USD millions)ShareMode
China17016.8%Sea
Spain15615.4%Sea
United States93.59.2%Sea
Angola92.49.1%Sea
United Kingdom58.75.8%Sea
Nigeria51.85.1%Air
Turkey38.13.8%Sea
Brazil30.33%Sea
Netherlands30.13%Sea
India26.92.7%Sea

Overview 1995–2024

In 2024, Equatorial Guinea accounted for 0.02% of world exports, compared with 0% in 1995.

Exports and imports

Exports grew 41.5-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 4.5
  • Imports 1
  • Balance +3.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$108 million$81 million$27 million
1996$193 million$141 million$52 million
1997$391 million$170 million$221 million
1998$447 million$223 million$224 million
1999$688 million$361 million$327 million
2000$1.3 billion$274 million$981 million
2001$1.8 billion$303 million$1.5 billion
2002$1.9 billion$418 million$1.5 billion
2003$2.7 billion$1 billion$1.7 billion
2004$4.3 billion$669 million$3.6 billion
2005$6.6 billion$1 billion$5.6 billion
2006$8.4 billion$1.5 billion$7 billion
2007$9.3 billion$1.4 billion$7.9 billion
2008$16.1 billion$1.7 billion$14.4 billion
2009$9.2 billion$5.2 billion$3.9 billion
2010$9.5 billion$5.1 billion$4.4 billion
2011$13.3 billion$3.4 billion$9.9 billion
2012$15.6 billion$2.6 billion$13 billion
2013$14.7 billion$3.6 billion$11.1 billion
2014$13 billion$2.6 billion$10.4 billion
2015$6.6 billion$2.9 billion$3.7 billion
2016$4.6 billion$1.5 billion$3.1 billion
2017$5.2 billion$869 million$4.3 billion
2018$6.6 billion$1 billion$5.6 billion
2019$5.1 billion$1 billion$4.1 billion
2020$3 billion$1.3 billion$1.8 billion
2021$5.2 billion$992 million$4.3 billion
2022$7.7 billion$1.1 billion$6.6 billion
2023$5.2 billion$1 billion$4.2 billion
2024$4.5 billion$1 billion$3.5 billion

World rank

Equatorial Guinea rose from 166th to 124th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 166th in 1995
  • 124th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995166th
1996157th
1997143rd
1998140th
1999131st
2000118th
2001112th
2002111th
2003102nd
200493rd
200584th
200683rd
200784th
200875th
200982nd
201089th
201182nd
201278th
201381st
201488th
2015101st
2016116th
2017117th
2018109th
2019120th
2020131st
2021124th
2022114th
2023127th
2024124th

What it sells

Oil, gas and coal became its top export group: from 33% to 93%

% of exports by Harmonized System chapter.

  • Other 0%
  • Salt, stone and cement 0%
  • Cocoa and chocolate 0%
  • Copper 0%
  • Aluminum 0%
  • Iron and steel 0%
  • Wood 1%
  • Organic chemicals 5%
  • Oil, gas and coal 93%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal33.3%93%
Organic chemicals0%5%
Wood58.4%1.3%
Iron and steel0.04%0.35%
Aluminum0%0.09%
Copper0%0.05%
Cocoa and chocolate4.2%0.05%
Salt, stone and cement0%0.03%
Other4.1%0.06%

Who it trades with

The United States went from 21% to 4% of Equatorial Guinea's trade

% of total trade (exports + imports) with each partner.

  • China 21%
  • Spain 15%
  • India 11%
  • Italy 6%
  • United States 4%

Source: CEPII BACI

Show the numbers
Partner19952024
China7.9%21.1%
Spain19.4%15.5%
India0.03%11.1%
Italy2.9%5.9%
United States20.8%4.1%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Niger Delta basin (LNG)Oil and gas · 1.7 Mt CO₂e
  • Niger Delta basin (conventional offshore)Oil and gas · 1 Mt CO₂e
View on the globe

Largest economic production hubs (gridded GDP, 2024)

  • Bata$14.6 billion (PPP, 2021 dollars)
  • Limbe$13.4 billion (PPP, 2021 dollars)
View on the globe

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

See all countries