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Guyana

Guyana ranked No. 110 in total trade value through March with a total of $195.4 million. Exports totaled $165.04 million and Imports totaled $30.36 million, a surplus of $134.68 million.

January – March 2019

Top Trading Ports

Total Trade: $195.4 million

RankPortTotal YTD
1Port of Houston $64,000,935
2Miami International Airport $25,684,325
3Port of New Orleans $17,406,948
4Port of Palm Beach, Fla. $16,334,293
5Port Miami $16,061,758
6Port of Savannah, Ga. $15,897,966
7Port Everglades, Fla. $13,727,022
8Low-Valued Imports and Exports $6,231,860
9Port of New York $5,445,982
10Port of Newark $2,635,380

U.S. trade with Guyana rose to $195.4 million through March

Guyana’s trade with the United States rose to $195.4 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.42 percent below its total trade during the same time period last year. Guyana’s exports increased 30.38 percent while imports fell 56.41 percent. The U.S. surplus with Guyana was $134.68 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Miami International Airport; No. 3 Port of New Orleans; No. 4 Port of Palm Beach, Fla.; and No. 5 Port Miami. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Miami International Airport No. 3 Port Everglades, Fla. No. 4 Port of Palm Beach, Fla. and No. 5 Port Miami. In the current time period, the top five accounted for 71.39 percent of Guyana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 25.22 percent to $64 million.
    Exports rose 48.93 percent to $59.54 million. Imports fell 59.94 percent to $4.46 million.
  • Trade with No. 2 Miami International Airport fell 46.84 percent to $25.68 million.
    Exports rose 93.35 percent to $19.86 million. Imports fell 84.7 percent to $5.82 million.
  • Trade with No. 3 Port of New Orleans rose 118.79 percent to $17.41 million.
    Exports rose 90.45 percent to $14.38 million. Imports rose 647.73 percent to $3.03 million.
  • Trade with No. 4 Port of Palm Beach, Fla. rose 0.76 percent to $16.33 million.
    Exports rose 1.73 percent to $13.88 million. Imports fell 4.36 percent to $2.45 million.
  • Trade with No. 5 Port Miami rose 51.27 percent to $16.06 million.
    Exports rose 62.97 percent to $15.44 million. Imports fell 45.65 percent to $621,560.

Guyana ranked No. 110 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 105.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Guyana by value through March were the categories of Misc. iron, steel tubes, pipes; Miscellaneous machines, parts; Soybean oilcake, other solid residue, not ground; Value added to a returned import; and Centrifuges, filters, machines and parts, respectively. They accounted for 24.65 percent of total exports to Guyana.

The value of the top five categories of U.S. imports from Guyana –– Shrimp, other crustaceans; Aluminum ores and concentrates; Cane, beet sugar, solid form; Gold; and Value added to a returned import –– accounted for 73.98 percent of all inbound shipments.

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

  • Misc. iron, steel tubes, pipes rose 35.6 percent compared to last year to $11.72 million.
  • Miscellaneous machines, parts fell 45.67 percent compared to last year to $7.85 million.
  • Soybean oilcake, other solid residue, not ground rose 196.44 percent compared to last year to $7.4 million.
  • Value added to a returned import rose 78404 percent compared to last year to $7.17 million.
  • Centrifuges, filters, machines and parts rose 635.97 percent compared to last year to $6.54 million.

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

  • Shrimp, other crustaceans fell 44.91 percent compared to last year to $8.35 million.
  • Aluminum ores and concentrates rose 62.35 percent compared to last year to $5.09 million.
  • Cane, beet sugar, solid form fell 2.24 percent compared to last year to $3.49 million.
  • Gold fell 90.52 percent compared to last year to $3.46 million.
  • Value added to a returned import fell 26.39 percent compared to last year to $2.07 million.

In the latest annual figures available, Guyana recorded $684.87 million in trade with the United States. At year’s end, its were Miami; Houston; New Orleans; New York City; and Atlanta/Savannah. Total U.S. exports to Guyana were $ 371.42 million and imports from Guyana were $313.44 million. The U.S. surplus with Guyana was $57.98 million.