Name: Guinea Bissau Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Guinea Bissau,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

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

Balance of Trade in Guinea Bissau averaged -16.95 XOF Million from 1986 until 2020, 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 July of 2022.

Balance of Trade in Guinea Bissau is expected to reach -13.49 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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Related	Last	Previous	Unit	Reference
Balance of Trade	-50.20	-50.70	XOF Million	Dec 2020
Current Account to GDP	-8.60	-8.90	percent of GDP	Dec 2020
Current Account	-70.50	-74.70	XOF Billion	Dec 2020
Imports	164.30	196.40	XOF Million	Dec 2020
Exports	114.10	145.70	XOF Million	Dec 2020

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.