Guinea

Guinea ranked No. 145 in total trade value through June with a total of $82.37 million. Exports totaled $75.75 million and Imports totaled $6.62 million, a surplus of $69.13 million.

U.S. trade with Guinea rose to $82.37 million through June

Guinea’s trade with the United States rose to $82.37 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 48.7 percent above its total trade during the same time period last year. U.S. exports to Guinea increased 43.44 percent while U.S. imports from Guinea rose 156.04 percent. The U.S. surplus with Guinea was $69.13 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 Wilmington, N.C.; No. 3 Port of Charleston; 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 New York; No. 3 Port of Houston; 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 68.05 percent of Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 173.26 percent to $18.46 million.
    Exports rose 166.08 percent to $17.71 million. Imports rose 652.54 percent to $749,902.
  • Trade with No. 2 Port of Wilmington, N.C. rose 19.68 percent to $16.5 million.
    Exports rose 22.18 percent to $16.18 million. Imports fell 40.62 percent to $326,000.
  • Trade with No. 3 Port of Charleston rose 217.97 percent to $7.95 million.
    Exports rose 213.16 percent to $7.82 million. Imports rose 3510.77 percent to $131,757.
  • Trade with No. 4 Low-Valued Imports and Exports rose 48.14 percent to $7.13 million.
    Exports rose 48.14 percent to $7.13 million. There were no imports.
  • Trade with No. 5 Port of Savannah, Ga. rose 61.63 percent to $6 million.
    Exports rose 55.84 percent to $5.79 million. Imports totaled $215,034.

Guinea ranked No. 145 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 160.

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 by value through June were the categories of Nonelectric rail locomotives, tenders; Sauces and preparations; mixed condiments; Plastics; Low value shipments; and Passenger vehicles, respectively. They accounted for 53.16 percent of total exports to Guinea.

The value of the top five categories of U.S. imports from Guinea –– Aluminum ores and concentrates; Returned exports, without change; Handsaws & Met Pts; Saw Blades; Base Mtl Saw 8202; Fish, fresh or chilled; and Titanium, including waste and scrap –– accounted for 78.85 percent of all inbound shipments.

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

  • Nonelectric rail locomotives, tenders totaled $10.52 million. The previous year, there were no exports in this category.
  • Sauces and preparations; mixed condiments rose 275.92 percent compared to last year to $7.94 million.
  • Plastics rose 146.16 percent compared to last year to $7.58 million.
  • Low value shipments rose 48.14 percent compared to last year to $7.13 million.
  • Passenger vehicles rose 12.63 percent compared to last year to $7.1 million.

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

  • Aluminum ores and concentrates totaled $2.68 million. The previous year, there were no imports in this category.
  • Returned exports, without change rose 97.62 percent compared to last year to $1.39 million.
  • Handsaws & Met Pts; Saw Blades; Base Mtl Saw 8202 rose 41.32 percent compared to last year to $644,914.
  • Fish, fresh or chilled rose 181.92 percent compared to last year to $298,193.
  • Titanium, including waste and scrap totaled $215,034. The previous year, there were no imports in this category.

In the latest annual figures available, Guinea recorded $134.75 million in trade with the United States. Total U.S. exports to Guinea were $ 125.29 million and imports from Guinea were $9.45 million. The U.S. surplus with Guinea was $115.84 million.