Guyana recorded a trade deficit of 538.60 USD Million in the fourth quarter of 2019.

Balance of Trade in Guyana averaged -134.26 USD Million from 2001 until 2019, reaching an all time high of 14.10 USD Million in the fourth quarter of 2016 and a record low of -538.60 USD Million in the fourth quarter of 2019. This page provides - Guyana Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guyana Balance of Trade - values, historical data and charts - was last updated on August of 2020. source: Bank of Guyana

Balance of Trade in Guyana is expected to be -60.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Guyana to stand at -275.00 in 12 months time. In the long-term, the Guyana Balance of Trade is projected to trend around -230.00 USD Million in 2021, according to our econometric models.

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Guyana Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-538.60 -317.20 14.10 -538.60 2001 - 2019 USD Million Quarterly

Guyana Trade Last Previous Highest Lowest Unit
Balance of Trade -538.60 -317.20 14.10 -538.60 USD Million [+]
Current Account -1802.80 -1438.80 -12.40 -1802.80 USD Million [+]
Current Account to GDP -27.60 -11.00 -1.20 -37.09 percent [+]
Imports 974.30 673.10 974.30 194.90 USD Million [+]
Exports 435.70 355.90 589.00 125.80 USD Million [+]
External Debt 1305472.00 1265360.00 1392008.00 953525.00 USD Thousand [+]
Terrorism Index 0.04 0.08 2.94 0.00 [+]
Tourist Arrivals 281.90 247.30 281.90 99.00 Thousand [+]

Guyana Balance of Trade
Guyana runs systemic trade deficits due to low exports of its vast natural resources. The country is a net exporter of sugar, gold, bauxite, aluminium, rice, shrimp and timber. Guyana is dependent on imports of fuel, manufactured products and machinery. Main trading partners are the United States (17 percent of exports and 21 percent of imports) and Trinidad and Tobago.