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Guinea

Guinea ranked No. 165 in total trade value through February with a total of $18.85 million. Exports totaled $17.94 million and Imports totaled $903,826, a surplus of $17.04 million.

January – February 2019

Top Trading Ports

Total Trade: $18.85 million

RankPortTotal YTD
1Port of Wilmington, N.C. $4,706,550
2Port of Lake Charles, La. $4,097,676
3Port of New York $1,811,254
4Port of Houston $1,763,050
5Low-Valued Imports and Exports $1,637,767
6Port of Savannah, Ga. $898,775
7Port of Newark $764,374
8Port of New Orleans $700,361
9Port of Baltimore, Md. $533,555
10Port of Charleston $387,841

U.S. trade with Guinea rose to $18.85 million through February

Guinea’s trade with the United States rose to $18.85 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 39.08 percent below its total trade during the same time period last year. Guinea’s exports decreased 40.38 percent while imports rose 7.08 percent. The U.S. surplus with Guinea was $17.04 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Wilmington, N.C.; No. 2 Port of Lake Charles, La.; No. 3 Port of New York; No. 4 Port of Houston; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Port of Wilmington, N.C. No. 2 Port of Lake Charles, La. No. 3 Low-Valued Imports and Exports No. 4 Port of New York and No. 5 Port of Houston. In the current time period, the top five accounted for 74.37 percent of Guinea’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Wilmington, N.C. fell 41.27 percent to $4.71 million.
    Exports fell 43.81 percent to $4.43 million. Imports rose 121.95 percent to $273,000.
  • Trade with No. 2 Port of Lake Charles, La. fell 35.67 percent to $4.1 million.
    Exports fell 35.67 percent to $4.1 million. There were no imports.
  • Trade with No. 3 Port of New York fell 26.47 percent to $1.81 million.
    Exports fell 26.47 percent to $1.81 million. There were no imports.
  • Trade with No. 4 Port of Houston fell 21.71 percent to $1.76 million.
    Exports fell 21.71 percent to $1.76 million. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports fell 42.13 percent to $1.64 million.
    Exports fell 42.13 percent to $1.64 million. There were no imports.

Guinea ranked No. 165 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 145.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Guinea by value through February were the categories of Sodium or potassium hydroxide or peroxide; Motor vehicles for transporting people; Low value shipments; Plastics; and Rice, respectively. They accounted for 57.14 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; Misc. engines and motors, parts; Fish fillets, dried, salted or smoked; and Fish, fresh or chilled –– accounted for 76.12 percent of all inbound shipments.

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

  • Sodium or potassium hydroxide or peroxide fell 35.67 percent compared to last year to $4.1 million.
  • Motor vehicles for transporting people rose 14.63 percent compared to last year to $1.9 million.
  • Low value shipments fell 42.13 percent compared to last year to $1.64 million.
  • Plastics rose 2567.45 percent compared to last year to $1.33 million.
  • Rice rose 122.6 percent compared to last year to $1.29 million.

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

  • Value added to a returned import rose 121.95 percent compared to last year to $273,000.
  • Handsaws & Met Pts; Saw Blades; Base Mtl Saw 8202 rose 92.97 percent compared to last year to $139,796.
  • Misc. engines and motors, parts totaled $112,478. The previous year, there were no imports in this category.
  • Fish fillets, dried, salted or smoked fell 6.92 percent compared to last year to $99,500.
  • Fish, fresh or chilled totaled $63,228. The previous year, there were no imports in this category.

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.