Guyana

Guyana ranked No. 86 in total trade value through June with a total of $594.76 million. Exports totaled $325.26 million and Imports totaled $269.5 million, a surplus of $55.76 million.

U.S. trade with Guyana rose to $594.76 million through June

Guyana’s trade with the United States rose to $594.76 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 37.51 percent above its total trade during the same time period last year. U.S. exports to Guyana decreased 10.56 percent while U.S. imports from Guyana rose 291.31 percent. The U.S. surplus with Guyana was $55.76 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Miami Int’l Airport; No. 3 Port of Savannah, Ga.; No. 4 Port of New Orleans; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 Miami Int’l Airport; No. 3 Port Miami; No. 4 Port of New Orleans and No. 5 Port of Palm Beach, Fla.. In the current time period, the top five accounted for 64.69 percent of Guyana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 36.44 percent to $217.4 million.
    Exports fell 27.42 percent to $107.62 million. Imports rose 892.22 percent to $109.78 million.
  • Trade with No. 2 Miami Int’l Airport fell 10.28 percent to $44.76 million.
    Exports fell 7 percent to $34.31 million. Imports fell 19.58 percent to $10.44 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 73.9 percent to $43.9 million.
    Exports rose 135.1 percent to $33.71 million. Imports fell 6.56 percent to $10.19 million.
  • Trade with No. 4 Port of New Orleans rose 20.6 percent to $42.06 million.
    Exports rose 38.91 percent to $33.24 million. Imports fell 19.42 percent to $8.82 million.
  • Trade with No. 5 Port of Long Beach rose 2821.12 percent to $36.63 million.
    Exports fell 32.77 percent to $843,065. Imports totaled $35.79 million.

Guyana ranked No. 86 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 104.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Guyana by value through June were the categories of Returned exports, with change; Parts for heavy machinery; Civilian aircraft, parts; Misc. iron and steel articles; and Miscellaneous machines, parts, respectively. They accounted for 29.59 percent of total exports to Guyana.

The value of the top five categories of U.S. imports from Guyana –– Oil; Returned exports, without change; Shrimp, other crustaceans; Aluminum ores and concentrates; and Gold –– accounted for 90.8 percent of all inbound shipments.

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

  • Returned exports, with change rose 37.99 percent compared to last year to $32.76 million.
  • Parts for heavy machinery rose 216.95 percent compared to last year to $17.24 million.
  • Civilian aircraft, parts rose 110.88 percent compared to last year to $16.47 million.
  • Misc. iron and steel articles rose 88.08 percent compared to last year to $15.02 million.
  • Miscellaneous machines, parts fell 11.58 percent compared to last year to $14.75 million.

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

  • Oil totaled $204.68 million. The previous year, there were no imports in this category.
  • Returned exports, without change rose 137.23 percent compared to last year to $12.4 million.
  • Shrimp, other crustaceans fell 41.01 percent compared to last year to $11.14 million.
  • Aluminum ores and concentrates fell 27.68 percent compared to last year to $11.02 million.
  • Gold fell 32.25 percent compared to last year to $5.47 million.

In the latest annual figures available, Guyana recorded $804.03 million in trade with the United States. Total U.S. exports to Guyana were $ 672.11 million and imports from Guyana were $131.92 million. The U.S. surplus with Guyana was $540.2 million.