Guinea-Bissau

Guinea-Bissau ranked No. 214 in total trade value through June with a total of $2.62 million. Exports totaled $2.17 million and Imports totaled $453,538, a surplus of $1.72 million.

U.S. trade with Guinea-Bissau rose to $2.62 million through June

Guinea-Bissau’s trade with the United States rose to $2.62 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 95.22 percent above its total trade during the same time period last year. U.S. exports to Guinea-Bissau increased 920.09 percent while U.S. imports from Guinea-Bissau fell 59.92 percent. The U.S. surplus with Guinea-Bissau was $1.72 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 Bangor, Maine; No. 3 Port of Virginia; No. 4 Port of Newark; and No. 5 Dulles International Airport, Washington D.C., Va.. During the same period the previous year, the top five were No. 1 Port of Virginia; No. 2 Port of Newark; No. 3 Port of Los Angeles; No. 4 Seattle-Tacoma International Airport and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 93.19 percent of Guinea-Bissau’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 3285.78 percent to $998,838.
    Exports rose 3285.78 percent to $998,838. There were no imports.
  • Trade with No. 2 Port of Bangor, Maine totaled $750,000.
    Exports totaled $750,000. There were no imports.
  • Trade with No. 3 Port of Virginia fell 5.71 percent to $557,859.
    Exports rose 1107.24 percent to $193,159. Imports fell 36.64 percent to $364,700.
  • Trade with No. 4 Port of Newark fell 68.32 percent to $71,220.
    There were no exports. Imports fell 68.32 percent to $71,220.
  • Trade with No. 5 Dulles International Airport, Washington D.C., Va. totaled $67,694.
    Exports totaled $67,694. There were no imports.

Guinea-Bissau ranked No. 214 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 220.

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 Guinea-Bissau by value through June were the categories of Civilian aircraft, parts; Rice; Misc. vegetable fats, oils; Beans, peas, dried or shelled; and Printers, all types, parts, respectively. They accounted for 89.97 percent of total exports to Guinea-Bissau.

The value of the top five categories of U.S. imports from Guinea-Bissau –– Coconuts, brazil nuts, cashew nuts; Cell phones, related equipment; Books, brochures; and Estimates of low-value imports –– accounted for 100 percent of all inbound shipments.

Looking more closely at U.S. exports to Guinea-Bissau:

  • Civilian aircraft, parts rose 7400 percent compared to last year to $750,000.
  • Rice totaled $725,553. The previous year, there were no exports in this category.
  • Misc. vegetable fats, oils totaled $221,322. The previous year, there were no exports in this category.
  • Beans, peas, dried or shelled totaled $193,159. The previous year, there were no exports in this category.
  • Printers, all types, parts totaled $63,057. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Guinea-Bissau:

  • Coconuts, brazil nuts, cashew nuts fell 54.13 percent compared to last year to $431,367.
  • Cell phones, related equipment totaled $17,556. The previous year, there were no imports in this category.
  • Books, brochures totaled $4,553. The previous year, there were no imports in this category.
  • Estimates of low-value imports fell 98.62 percent compared to last year to $62.

In the latest annual figures available, Guinea-Bissau recorded $3.2 million in trade with the United States. Total U.S. exports to Guinea-Bissau were $ 1.24 million and imports from Guinea-Bissau were $1.96 million. The U.S. deficit with Guinea-Bissau was $712,937.