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Guyana

Guyana ranked No. 103 in total trade value through October with a total of $657.97 million. Exports totaled $430.76 million and Imports totaled $227.21 million, a surplus of $203.55 million.

January – October 2018

Top Trading Ports

Total Trade: $657.97 million

RankPortTotal YTD
1Miami International Airport $165,287,536
2Port of Houston $128,759,580
3Port Everglades, Fla. $59,378,739
4Port of Palm Beach, Fla. $46,965,002
5Port of New Orleans $44,092,745
6Port of New York $42,472,884
7Port Miami $42,053,389
8Port of Savannah, Ga. $30,462,943
9Port of Morgan City, La. $18,466,844
10Low-Valued Imports and Exports $16,910,497

U.S. trade with Guyana rose to $657.97 million through October

Guyana’s trade with the United States rose to $657.97 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.26 percent above its total trade during the same time period last year. Guyana’s exports increased 43.5 percent while imports fell 14.51 percent. The U.S. surplus with Guyana was $203.55 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami International Airport; No. 2 Port of Houston; No. 3 Port Everglades, Fla.; No. 4 Port of Palm Beach, Fla.; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Miami International Airport No. 2 Port of Houston No. 3 Port Everglades, Fla. No. 4 Port Miami and No. 5 Port of New Orleans. In the current time period, the top five accounted for 67.55 percent of Guyana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport fell 17.63 percent to $165.29 million.
    Exports rose 21.52 percent to $45.84 million. Imports fell 26.69 percent to $119.44 million.
  • Trade with No. 2 Port of Houston rose 57.79 percent to $128.76 million.
    Exports rose 90.26 percent to $99.64 million. Imports fell 0.37 percent to $29.12 million.
  • Trade with No. 3 Port Everglades, Fla. fell 1.8 percent to $59.38 million.
    Exports rose 4.71 percent to $50.44 million. Imports fell 27.3 percent to $8.94 million.
  • Trade with No. 4 Port of Palm Beach, Fla. rose 40.37 percent to $46.97 million.
    Exports rose 66.82 percent to $41.36 million. Imports fell 35.31 percent to $5.6 million.
  • Trade with No. 5 Port of New Orleans rose 13.33 percent to $44.09 million.
    Exports rose 22.48 percent to $27.74 million. Imports rose 0.6 percent to $16.36 million.

Guyana ranked No. 103 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 106.

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 Guyana by value through October were the categories of Returned exports, with change; Miscellaneous machines, parts; Gasoline, other fuels; Low value shipments; and Misc. iron, steel tubes, pipes, respectively. They accounted for 28.43 percent of total exports to Guyana.

The value of the top five categories of U.S. imports from Guyana –– Gold; Shrimp, other crustaceans; Aluminum ores and concentrates; Rum, gin, vodka, other liquors; and Value added to a returned import –– accounted for 85.6 percent of all inbound shipments.

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

  • Returned exports, with change rose 136.42 percent compared to last year to $49.52 million.
  • Miscellaneous machines, parts rose 137.92 percent compared to last year to $23.72 million.
  • Gasoline, other fuels rose 40.41 percent compared to last year to $17.25 million.
  • Low value shipments rose 43.33 percent compared to last year to $16.91 million.
  • Misc. iron, steel tubes, pipes rose 113.53 percent compared to last year to $15.05 million.

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

  • Gold fell 26.54 percent compared to last year to $113.88 million.
  • Shrimp, other crustaceans fell 25.92 percent compared to last year to $36.19 million.
  • Aluminum ores and concentrates rose 1.33 percent compared to last year to $25.75 million.
  • Rum, gin, vodka, other liquors rose 32.06 percent compared to last year to $9.49 million.
  • Value added to a returned import rose 48.57 percent compared to last year to $9.18 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.