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Guinea

Guinea ranked No. 159 in total trade value through October with a total of $114.12 million. Exports totaled $109.42 million and Imports totaled $4.69 million, a surplus of $104.73 million.

January – October 2018

Top Trading Ports

Total Trade: $114.12 million

RankPortTotal YTD
1Port of Wilmington, N.C. $32,170,707
2Port of Houston $15,169,268
3Port of New York $11,765,896
4Low-Valued Imports and Exports $10,218,183
5Port of Baltimore, Md. $6,688,161
6Port of Lake Charles, La. $6,370,192
7Port of Savannah, Ga. $5,125,209
8Port of Newark $4,070,556
9Port of Galveston, Texas $3,846,191
10Port of New Orleans $3,818,938

U.S. trade with Guinea rose to $114.12 million through October

Guinea’s trade with the United States rose to $114.12 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 25.63 percent above its total trade during the same time period last year. Guinea’s exports increased 26.35 percent while imports rose 10.93 percent. The U.S. surplus with Guinea was $104.73 million.

Through October, 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 Baltimore, Md.. During the same period the previous year, the top five were No. 1 Port of Wilmington, N.C. No. 2 Port of New Orleans No. 3 Port of New York No. 4 Port of Savannah, Ga. and No. 5 Port of Houston. In the current time period, the top five accounted for 66.61 percent of Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Wilmington, N.C. rose 111.34 percent to $32.17 million.
    Exports rose 118.83 percent to $31.53 million. Imports fell 21.04 percent to $644,000.
  • Trade with No. 2 Port of Houston rose 65.94 percent to $15.17 million.
    Exports rose 66.33 percent to $15.12 million. Imports fell 3.07 percent to $50,000.
  • Trade with No. 3 Port of New York rose 4.4 percent to $11.77 million.
    Exports rose 4.4 percent to $11.77 million. There were no imports.
  • Trade with No. 4 Low-Valued Imports and Exports rose 40.21 percent to $10.22 million.
    Exports rose 40.21 percent to $10.22 million. There were no imports.
  • Trade with No. 5 Port of Baltimore, Md. rose 88.38 percent to $6.69 million.
    Exports rose 89.86 percent to $6.52 million. Imports rose 43.91 percent to $164,346.

Guinea ranked No. 159 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 166.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Guinea by value through October were the categories of Nonelectric rail locomotives, tenders; Low value shipments; Motor vehicles for transporting people; Worn clothing, other worn textile articles; and Self-propelled heavy construction machinery, respectively. They accounted for 48.52 percent of total exports to Guinea.

The value of the top five categories of U.S. imports from Guinea –– Gold; Value added to a returned import; Vegetable waxes, beeswax, etc.; Handsaws & Met Pts; Saw Blades; Base Mtl Saw 8202; and Fish fillets, dried, salted or smoked –– accounted for 69.05 percent of all inbound shipments.

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

  • Nonelectric rail locomotives, tenders rose 2095.87 percent compared to last year to $17.15 million.
  • Low value shipments rose 40.21 percent compared to last year to $10.22 million.
  • Motor vehicles for transporting people rose 1.93 percent compared to last year to $9.57 million.
  • Worn clothing, other worn textile articles rose 73.25 percent compared to last year to $8.09 million.
  • Self-propelled heavy construction machinery rose 66.39 percent compared to last year to $8.05 million.

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

  • Gold rose 6.99 percent compared to last year to $1.01 million.
  • Value added to a returned import fell 27.04 percent compared to last year to $674,906.
  • Vegetable waxes, beeswax, etc. rose 338.29 percent compared to last year to $610,889.
  • Handsaws & Met Pts; Saw Blades; Base Mtl Saw 8202 rose 21.94 percent compared to last year to $518,276.
  • Fish fillets, dried, salted or smoked rose 3.2 percent compared to last year to $431,006.

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.