This article covers trade and economic relations between India and Equatorial Guinea: trade figures, the main goods traded, business and ministerial visits on trade, energy, mining, agriculture and telecommunications, and the Indian business presence in the country. It is based on the MEA brief of August 2026 published by India's Ministry of External Affairs. The figures describe the position at that time.

Overview

According to the MEA brief of August 2026, India's relationship with Equatorial Guinea is "characterized by strong partnership in the oil and gas sector". The brief describes economic and commercial relations as limited in nature but growing in recent years, primarily because of Equatorial Guinea's emergence as an important source of oil and other energy products.

The brief states that bilateral trade increased from US$ 11.54 million in 2010-11 to US$ 983.80 million in 2019-20.

Trade figures

The brief gives the following figures from Department of Commerce, Government of India statistics, in millions of US dollars:

  • 2021-22: India's exports US$ 12.44 million, India's imports US$ 885.56 million, total trade US$ 898.00 million.
  • 2022-23: exports US$ 23.08 million, imports US$ 711.96 million, total trade US$ 735.10 million.
  • 2023-24: exports US$ 26.79 million, imports US$ 320.32 million, total trade US$ 347.10 million.
  • 2024-25: exports US$ 19.18 million, imports US$ 444.14 million, total trade US$ 463.32 million.
  • 2025-26: exports US$ 23.82 million, imports US$ 129.46 million, total trade US$ 153.28 million.

These are the figures as of the brief. Readers who need later data should consult the Department of Commerce.

Main items traded

The brief lists the primary items of India's exports to Equatorial Guinea as food products, cereals, meat, pharmaceuticals, machinery and apparel.

The main items of India's imports from Equatorial Guinea are oil, gas, metal and other scraps, and timber.

Business conclaves

  • Equatorial Guinea's Commerce Minister, Mr. Borupu, visited India from 7-9 March 2017 for the CII-Exim Bank Conclave on India-Africa Project Partnership. He held bilateral discussions with MoS (Commerce and Industry) Smt. Nirmala Sitharaman on the sidelines.
  • On 19-20 July 2022, the Vice-Minister of Mines and Hydrocarbons, Mr. Santiago Eneme Nsuga, took part in the 17th CII Exim Bank Conclave on "India Africa Growth Partnership Creating Shared Future" in New Delhi.

Oil, gas and energy

In January 2016, Equatorial Guinea's Minister of Mines and Energy visited India to attend the Fourth India-Africa Hydrocarbon Conference.

On 17 November 2023, Mr. Diosdado Nguema Nzang, Secretary General of the Ministry of Mines and Hydrocarbons, took part in the Energy Ministers' Session of the 2nd Voice of Global South Summit, held in virtual format.

In renewable energy, the Minister of Electricity and Renewal Energy, Mr. Gervasio Engonga Mba, took part in the 7th Assembly of the International Solar Alliance in New Delhi from 3-6 November 2024.

Agriculture, mining and telecommunications

Equatorial Guinea's Agriculture Minister, Mr. Victor Grange Meile, visited India and met the Minister of Agriculture and Farmers' Welfare on 19 July 2017.

In 2018, three Indian delegations visited Equatorial Guinea to explore cooperation:

  • A 3-member agricultural delegation, from 2-4 April 2018, to study the scope for cooperation in agriculture and allied sectors.
  • A 3-member delegation from the Geological Survey of India, Ministry of Mines, from 7-17 April 2018, to explore cooperation in the mining sector.
  • A 4-member delegation from the Department of Telecommunications, from 9-13 July 2018, for a preliminary study of areas of cooperation in telecommunication.

Indian companies and the Indian community

On investment, the brief states that there is only one Indian company, Golden Swan, operating in Malabo in the waste management sector. It was established in 2010. There are also a few Indian tour and travel companies in Equatorial Guinea.

About 400 Indians live in Equatorial Guinea, as of the brief. Most of them are employed in the service sectors, hydrocarbon companies, department stores, trading, the export of metal scrap, and travel and tours.