Guinea Bissau recorded a trade deficit of 53.30 CFA Franc Million in 2019.

Balance of Trade in Guinea Bissau averaged -11.69 CFA Franc Million from 1986 until 2019, reaching an all time high of 30.70 CFA Franc Million in 2018 and a record low of -53.30 CFA Franc Million in 2019. This page provides - Guinea Bissau Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guinea Bissau Balance of Trade - values, historical data and charts - was last updated on October of 2020.

Balance of Trade in Guinea Bissau is expected to reach -13.33 CFA Franc Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Balance of Trade is projected to trend around -13.49 CFA Franc Million in 2021, according to our econometric models.

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Guinea Bissau Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-53.30 30.70 30.70 -53.30 1986 - 2019 CFA Franc Million Yearly

Guinea Bissau Trade Last Previous Highest Lowest Unit
Balance of Trade -53.30 30.70 30.70 -53.30 CFA Franc Million [+]
Current Account -56.80 -25.00 12.40 -56.80 CFA Franc Billion [+]
Current Account to GDP -10.00 -3.20 2.65 -52.69 percent [+]
Exports 130.40 188.60 197.50 1.70 CFA Franc Million [+]
Imports 183.80 157.90 183.80 12.40 CFA Franc Million [+]
Terrorism Index 0.00 0.00 3.36 0.00 [+]


Guinea Bissau Balance of Trade
Guinea Bissau has a systemic trade deficit as the result of the country’s need to import fuel and foodstuff. Guinea Bissau is a net exporter of cashew nuts (90 percent of total exports), fish and shrimp. Main trading partners are Portugal and China.