Guinea Bissau recorded a trade deficit of 77.80 XOF Million in 2021. source: Central Bank of West African States (BCEAO)

Balance of Trade in Guinea Bissau averaged -18.60 XOF Million from 1986 until 2021, reaching an all time high of 30.73 XOF Million in 2018 and a record low of -80.68 XOF Million in 2009. 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 December of 2022.

Balance of Trade in Guinea Bissau is expected to reach -13.33 XOF Million by the end of 2022, 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 XOF Million in 2023 and -13.49 XOF Million in 2024, according to our econometric models.

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Guinea Bissau Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -77.80 -48.80 XOF Million Dec 2021
Current Account to GDP -6.90 -3.70 percent of GDP Dec 2021
Current Account -65.50 -22.70 XOF Billion Dec 2021
Imports 196.80 171.90 XOF Million Dec 2021
Exports 119.00 123.10 XOF Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-77.80 -48.80 30.73 -80.68 1986 - 2021 XOF Million Yearly