Guinea Bissau recorded a trade deficit of 50.20 CFA Franc Million in 2020. source: Central Bank of West African States (BCEAO)

Balance of Trade in Guinea Bissau averaged -16.95 CFA Franc Million from 1986 until 2020, reaching an all time high of 30.73 CFA Franc Million in 2018 and a record low of -80.68 CFA Franc 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 January of 2022.

Balance of Trade in Guinea Bissau is expected to reach -13.33 CFA Franc Million by the end of 2021, 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 2022 and -13.49 CFA Franc Million in 2023, according to our econometric models.

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Guinea Bissau Balance of Trade

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
-50.20 -50.70 30.73 -80.68 1986 - 2020 CFA Franc Million Yearly

Related Last Previous Unit Reference
Balance of Trade -50.20 -50.70 CFA Franc Million Dec/20
Current Account to GDP -8.60 -8.90 percent of GDP Dec/20
Current Account -70.50 -74.70 CFA Franc Billion Dec/20
Imports 164.30 196.40 CFA Franc Million Dec/20
Exports 114.10 145.70 CFA Franc Million Dec/20