Guyana

Guyana ranked No. 87 in total trade value through April with a total of $437.57 million. Exports totaled $207.56 million and Imports totaled $230.01 million, a deficit of $22.46 million.

U.S. trade with Guyana rose to $336.78 million through March

Guyana’s trade with the United States rose to $336.78 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 72.35 percent above its total trade during the same time period last year. U.S. exports to Guyana decreased 10.3 percent while U.S. imports from Guyana rose 521.64 percent. The U.S. deficit with Guyana was $40.71 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Long Beach; No. 3 Port of Los Angeles; No. 4 Miami Int’l Airport; and No. 5 Port of New Orleans. 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 of New Orleans No. 4 Port of Palm Beach, Fla. and No. 5 Port Miami. In the current time period, the top five accounted for 74.25 percent of Guyana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 118.74 percent to $140 million.
    Exports fell 19.31 percent to $48.05 million. Imports rose 1962.39 percent to $91.95 million.
  • Trade with No. 2 Port of Long Beach rose 8718.77 percent to $36.48 million.
    Exports rose 66.81 percent to $689,986. Imports totaled $35.79 million.
  • Trade with No. 3 Port of Los Angeles rose 3362.22 percent to $29.11 million.
    Exports rose 207.13 percent to $659,588. Imports rose 4444.46 percent to $28.45 million.
  • Trade with No. 4 Miami Int’l Airport rose 4.9 percent to $26.94 million.
    Exports fell 3.13 percent to $19.24 million. Imports rose 32.31 percent to $7.7 million.
  • Trade with No. 5 Port of New Orleans rose 0.73 percent to $17.53 million.
    Exports fell 9.23 percent to $13.05 million. Imports rose 48.09 percent to $4.48 million.

Guyana ranked No. 89 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 $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 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 $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Guyana by value through March were the categories of Parts for heavy machinery; Misc. iron and steel articles; Misc. iron, steel tubes, pipes; Miscellaneous machines, parts; and Low value shipments, respectively. They accounted for 28.78 percent of total exports to Guyana.

The value of the top five categories of U.S. imports from Guyana –– Oil; Value added to a returned import; Shrimp, other crustaceans; Aluminum ores and concentrates; and Cane, beet sugar, solid form –– accounted for 93.65 percent of all inbound shipments.

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

  • Parts for heavy machinery rose 451.48 percent compared to last year to $10.79 million.
  • Misc. iron and steel articles rose 315.05 percent compared to last year to $10.71 million.
  • Misc. iron, steel tubes, pipes fell 19.46 percent compared to last year to $9.44 million.
  • Miscellaneous machines, parts fell 23.4 percent compared to last year to $6.01 million.
  • Low value shipments fell 9.38 percent compared to last year to $5.65 million.

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

  • Oil totaled $151.13 million. The previous year, there were no imports in this category.
  • Value added to a returned import rose 272.67 percent compared to last year to $7.72 million.
  • Shrimp, other crustaceans fell 18.09 percent compared to last year to $6.84 million.
  • Aluminum ores and concentrates rose 26.13 percent compared to last year to $6.42 million.
  • Cane, beet sugar, solid form rose 32.96 percent compared to last year to $4.64 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.