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Guyana

Guyana ranked No. 104 in total trade value through February with a total of $136.91 million. Exports totaled $115.83 million and Imports totaled $21.08 million, a surplus of $94.74 million.

January – February 2019

Top Trading Ports

Total Trade: $136.91 million

RankPortTotal YTD
1Port of Houston $46,179,592
2Miami International Airport $17,977,535
3Port of New Orleans $14,575,907
4Port of Palm Beach, Fla. $11,855,269
5Port Miami $11,250,718
6Port of Savannah, Ga. $9,172,292
7Port Everglades, Fla. $8,586,500
8Low-Valued Imports and Exports $4,334,104
9Port of New York $4,194,341
10Port of Newark $1,596,149

U.S. trade with Guyana rose to $136.91 million through February

Guyana’s trade with the United States rose to $136.91 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 27.35 percent above its total trade during the same time period last year. Guyana’s exports increased 62.2 percent while imports fell 41.6 percent. The U.S. surplus with Guyana was $94.74 million.

Through February, 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 74.38 percent of Guyana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 74.11 percent to $46.18 million.
    Exports rose 115.89 percent to $43.36 million. Imports fell 56.27 percent to $2.81 million.
  • Trade with No. 2 Miami International Airport fell 27.38 percent to $17.98 million.
    Exports rose 148.37 percent to $14.27 million. Imports fell 80.47 percent to $3.71 million.
  • Trade with No. 3 Port of New Orleans rose 188.22 percent to $14.58 million.
    Exports rose 151.34 percent to $11.69 million. Imports rose 612.13 percent to $2.88 million.
  • Trade with No. 4 Port of Palm Beach, Fla. rose 11.03 percent to $11.86 million.
    Exports rose 16.43 percent to $10.12 million. Imports fell 12.58 percent to $1.74 million.
  • Trade with No. 5 Port Miami rose 76.95 percent to $11.25 million.
    Exports rose 97.16 percent to $10.79 million. Imports fell 47.82 percent to $462,304.

Guyana ranked No. 104 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 110.

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 Guyana by value through February were the categories of Misc. iron, steel tubes, pipes; Soybean oilcake, other solid residue, not ground; Miscellaneous machines, parts; Value added to a returned import; and Centrifuges, filters, machines and parts, respectively. They accounted for 29.05 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 78.66 percent of all inbound shipments.

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

  • Misc. iron, steel tubes, pipes fell 11.93 percent compared to last year to $7.61 million.
  • Soybean oilcake, other solid residue, not ground rose 527.23 percent compared to last year to $7.4 million.
  • Miscellaneous machines, parts rose 100.41 percent compared to last year to $7.04 million.
  • Value added to a returned import rose 121833 percent compared to last year to $6.88 million.
  • Centrifuges, filters, machines and parts rose 1850.89 percent compared to last year to $4.72 million.

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

  • Shrimp, other crustaceans fell 46.57 percent compared to last year to $5.02 million.
  • Aluminum ores and concentrates rose 110.15 percent compared to last year to $4.17 million.
  • Cane, beet sugar, solid form totaled $3.49 million. The previous year, there were no imports in this category.
  • Gold fell 87.31 percent compared to last year to $2.32 million.
  • Value added to a returned import rose 47.32 percent compared to last year to $1.6 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.