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Guinea

Guinea ranked No. 163 in total trade value through August with a total of $80.45 million. Exports totaled $75.48 million and Imports totaled $4.97 million, a surplus of $70.51 million.

January – August 2019

Top Trading Ports

Total Trade: $80.45 million

RankPortTotal YTD
1Port of Wilmington, N.C. $22,952,043
2Port of Houston $10,782,650
3Port of New York $9,343,139
4Low-Valued Imports and Exports $6,895,756
5Port of Savannah, Ga. $5,096,196
6Port of Lake Charles, La. $4,097,676
7Port of Baltimore, Md. $4,005,268
8Port of Charleston $3,514,901
9Port of New Orleans $3,228,521
10Port of Newark $2,856,577

U.S. trade with Guinea rose to $80.45 million through August

Guinea’s trade with the United States rose to $80.45 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.72 percent below its total trade during the same time period last year. U.S. exports to Guinea decreased 16.57 percent while U.S. imports from Guinea rose 28.19 percent. The U.S. surplus with Guinea was $70.51 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Wilmington, N.C.; No. 2 Port of Houston; No. 3 Port of New York; No. 4 Low-Valued Imports and Exports; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Wilmington, N.C. No. 2 Port of Houston No. 3 Port of New York No. 4 Low-Valued Imports and Exports and No. 5 Port of Lake Charles, La.. In the current time period, the top five accounted for 68.45 percent of Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Wilmington, N.C. fell 3.11 percent to $22.95 million.
    Exports fell 4.63 percent to $21.98 million. Imports rose 51.24 percent to $974,000.
  • Trade with No. 2 Port of Houston fell 22.53 percent to $10.78 million.
    Exports fell 29.75 percent to $9.74 million. Imports rose 1979.5 percent to $1.04 million.
  • Trade with No. 3 Port of New York fell 3.91 percent to $9.34 million.
    Exports fell 3.91 percent to $9.34 million. There were no imports.
  • Trade with No. 4 Low-Valued Imports and Exports fell 18.2 percent to $6.9 million.
    Exports fell 18.2 percent to $6.9 million. There were no imports.
  • Trade with No. 5 Port of Savannah, Ga. rose 10.22 percent to $5.1 million.
    Exports rose 10.22 percent to $5.1 million. There were no imports.

Guinea ranked No. 163 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 159.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Guinea by value through August were the categories of Motor vehicles for transporting people; Low value shipments; Plastics; Nonelectric rail locomotives, tenders; and Train and locomotive parts, respectively. They accounted for 40.02 percent of total exports to Guinea.

The value of the top five categories of U.S. imports from Guinea –– Value added to a returned import; Handsaws & Met Pts; Saw Blades; Base Mtl Saw 8202; Fish fillets, dried, salted or smoked; Gold; and Diamonds, not mounted –– accounted for 72 percent of all inbound shipments.

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

  • Motor vehicles for transporting people rose 7.97 percent compared to last year to $8.06 million.
  • Low value shipments fell 18.2 percent compared to last year to $6.9 million.
  • Plastics rose 170.72 percent compared to last year to $5.64 million.
  • Nonelectric rail locomotives, tenders fell 62.93 percent compared to last year to $5.49 million.
  • Train and locomotive parts rose 411.63 percent compared to last year to $4.13 million.

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

  • Value added to a returned import rose 218.08 percent compared to last year to $2.07 million.
  • Handsaws & Met Pts; Saw Blades; Base Mtl Saw 8202 rose 41.43 percent compared to last year to $627,963.
  • Fish fillets, dried, salted or smoked rose 9.68 percent compared to last year to $345,649.
  • Gold fell 69.95 percent compared to last year to $302,164.
  • Diamonds, not mounted rose 100.39 percent compared to last year to $239,299.

In the latest annual figures available, Guinea recorded $108.54 million in trade with the United States. At year’s end, its were Wilmington; New York City; New Orleans; Houston; and Atlanta/Savannah. Total U.S. exports to Guinea were $ 102.69 million and imports from Guinea were $5.85 million. The U.S. surplus with Guinea was $96.84 million.