Equatorial Guinea

Equatorial Guinea ranked No. 127 in total trade value through June with a total of $131.7 million. Exports totaled $56.26 million and Imports totaled $75.44 million, a deficit of $19.18 million.

U.S. trade with Equatorial Guinea rose to $131.7 million through June

Equatorial Guinea’s trade with the United States rose to $131.7 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 58.45 percent below its total trade during the same time period last year. U.S. exports to Equatorial Guinea decreased 50.42 percent while U.S. imports from Equatorial Guinea fell 62.93 percent. The U.S. deficit with Equatorial Guinea was $19.18 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Portsmouth, N.H.; No. 3 Port of New Orleans; No. 4 Port of Morgan City, La.; and No. 5 Playa de Ponce Port, P.R.. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Port of Long Beach; No. 3 Port of Lake Charles, La.; No. 4 Port of New Orleans and No. 5 Playa de Ponce Port, P.R.. In the current time period, the top five accounted for 79.52 percent of Equatorial Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 49.3 percent to $51.08 million.
    Exports fell 51.28 percent to $46.84 million. Imports fell 8.31 percent to $4.25 million.
  • Trade with No. 2 Port of Portsmouth, N.H. totaled $15.17 million.
    There were no exports. Imports totaled $15.17 million.
  • Trade with No. 3 Port of New Orleans fell 63.42 percent to $15.01 million.
    Exports fell 77.05 percent to $273,136. Imports fell 63.01 percent to $14.74 million.
  • Trade with No. 4 Port of Morgan City, La. totaled $14.1 million.
    There were no exports. Imports totaled $14.1 million.
  • Trade with No. 5 Playa de Ponce Port, P.R. fell 35.62 percent to $9.35 million.
    There were no exports. Imports fell 35.62 percent to $9.35 million.

Equatorial Guinea ranked No. 127 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 113.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Equatorial Guinea by value through June were the categories of Catalytic converters, air filters, oil filters, etc.; Electric generating sets, rotary converters; Iron or steel tube or pipe fittings; Taps, cocks and valves for pipes, tanks; and Chicken and other poultry, respectively. They accounted for 25.32 percent of total exports to Equatorial Guinea.

The value of the top five categories of U.S. imports from Equatorial Guinea –– LNG, other petroleum gases; Acyclic alcohols; Returned exports, without change; Misc. medical chemical re-agents; and Miscellaneous machines, parts –– accounted for 99.89 percent of all inbound shipments.

Looking more closely at U.S. exports to Equatorial Guinea:

  • Catalytic converters, air filters, oil filters, etc. rose 384.84 percent compared to last year to $4.06 million.
  • Electric generating sets, rotary converters totaled $2.98 million. The previous year, there were no exports in this category.
  • Iron or steel tube or pipe fittings rose 155.1 percent compared to last year to $2.76 million.
  • Taps, cocks and valves for pipes, tanks fell 67.43 percent compared to last year to $2.34 million.
  • Chicken and other poultry rose 13.14 percent compared to last year to $2.1 million.

Looking more closely at U.S. imports from Equatorial Guinea:

  • LNG, other petroleum gases rose 186.82 percent compared to last year to $41.65 million.
  • Acyclic alcohols fell 61.01 percent compared to last year to $17.32 million.
  • Returned exports, without change rose 1175.07 percent compared to last year to $15.85 million.
  • Misc. medical chemical re-agents totaled $280,604. The previous year, there were no imports in this category.
  • Miscellaneous machines, parts totaled $250,409. The previous year, there were no imports in this category.

In the latest annual figures available, Equatorial Guinea recorded $542.36 million in trade with the United States. Total U.S. exports to Equatorial Guinea were $ 214.77 million and imports from Equatorial Guinea were $327.59 million. The U.S. deficit with Equatorial Guinea was $112.82 million.