China imported about 38 million tons of bauxite from Guinea with an import value of about $284 million.

China imported about 43 million tons of bauxite from Guinea with an import value of about $377 million.

According to Chinese customs data, the average bauxite import price in March was $94.59 per ton,

up about 40.5% from $67.34 per ton in the same month last year.

China imported about 36 million tons of bauxite from Guinea, with an import value of about $320 million.

Guinea's Ministry of Mines and Geology announced that as of 2024,

a total 16 mining companies exported about 145.9 million tons of bauxites overseas.

About 75.5% of these were exported to China

China imported 110.2M tons of bauxite from Guinea in 2024, 75.5% of its 145.9M output, worth $7.6B at $68.92/T.

Guinea's Ministry of Mines and Geology announced that as of 2023,

a total of 15 mining companies exported about 127 million tons of bauxite overseas.

About 70% of these were exported to China.

The total amount of bauxite exported from Guinea in 2023 reached 126 million tons.

A total of 892 bulk carriers were mobilized, and 15 mining companies exported bauxite.

According to Chinese Customs data, the average import price of Guinean bauxite in the first quarter of 2024 was USD66.63.

This chart shows China's imports of bauxite from Guinea over the past five years. Import volume increased by approximately 223% in 2023 compared to 2019, and the import amount increased by approximately 259%.

This is a chart showing Guinea's export records abroad in 2022 and which companies exported how much. A total of 100 million tons of bauxite was exported overseas, and there were 13 exporting companies. We can link up with companies who can supply bauxite in large quantities on a regular and monthly basis.

The transfer price is the price of a transaction between two entities that are part of the same economic group of companies. The price transacted between the two related entities is the “transfer price” and the process for setting the price is referred to as “transfer pricing.” Whereas commercial transactions between independent enterprises are generally determined by market forces, transactions between associated enterprises may not be, giving rise to concerns about the potential for “transfer mispricing” and posing significant challenges for tax authorities in monitoring and assessing such transactions.

The arm’s length principle is the international standard that determines transfer prices for corporate income tax purposes by multinational enterprises (MNEs) and tax administrations. When independent enterprises transact with each other, the conditions of their commercial and financial relations (e.g., the price of the good) are generally determined by market forces. However, when associated enterprises transact with each other, their commercial and financial relations may not be directly affected by external market forces in the same way as transactions between independent enterprises. Therefore, for corporate income tax purposes, the profits of associated enterprises may be adjusted as necessary to ensure that the arm’s length principle is satisfied, that is, the conditions of the commercial and financial relations that they would expect to find between independent enterprises in comparable circumstances.

China is the world's largest importer, and Guinea is the world's largest exporter.