Guyana recorded a trade surplus of 376.10 USD Million in the first quarter of 2021. source: Bank of Guyana

Balance of Trade in Guyana averaged -124.22 USD Million from 2001 until 2021, reaching an all time high of 376.10 USD Million in the first quarter of 2021 and a record low of -1546 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 October of 2021.

Balance of Trade in Guyana is expected to be -275.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guyana Balance of Trade is projected to trend around -240.00 USD Million in 2022 and -230.00 USD Million in 2023, according to our econometric models.

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Guyana Balance of Trade

Guyana Last Unit Reference Previous Highest Lowest
Balance of Trade 376.10 USD Million Mar/21 286.90 376.10 -1546.00
Current Account -659.50 USD Million Dec/20 -2823.70 -12.40 -2823.70
Current Account to GDP -32.79 percent of GDP Dec/19 -24.60 -0.91 -37.09
Exports 998.80 USD Million Mar/21 822.10 998.80 125.80
Imports 622.80 USD Million Mar/21 535.30 1995.20 194.90
External Debt 1345853.00 USD Thousand Mar/21 1320782.00 1392008.00 953525.00

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.