Guinea Bissau recorded a trade surplus of 21 CFA Franc Million in 2018.

Balance of Trade in Guinea Bissau averaged -12.58 CFA Franc Million from 1986 until 2018, reaching an all time high of 21 CFA Franc Million in 2018 and a record low of -45.90 CFA Franc Million in 2008. 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 July 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 -13.33 CFA Franc Million in 2021 and -13.49 CFA Franc Million in 2022, according to our econometric models.

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Guinea Bissau Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
21.00 -3.60 21.00 -45.90 1986 - 2018 CFA Franc Million Yearly

Guinea Bissau Trade Last Previous Highest Lowest Unit
Balance of Trade 21.00 -3.60 21.00 -45.90 CFA Franc Million [+]
Current Account -33.60 2.30 19.10 -42.49 CFA Franc Billion [+]
Current Account to GDP -3.20 -0.60 2.65 -52.69 percent [+]
Exports 141.70 114.30 141.70 1.70 CFA Franc Million [+]
Imports 120.70 117.90 120.70 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.