Guyana recorded a trade deficit of 124.20 USD Million in the fourth quarter of 2012. Balance of Trade in Guyana is reported by the Bank of Guyana.
Guyana Balance of Trade averaged a deficit equivalent to 116.66 USD Million from 2001 until 2012, reaching the best deficit at 57.80 USD Million in December of 2004 and the worst deficit at 232.80 USD Million in December of 2005.
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.
See chart for Guyana’s Balance of Trade. Click here for larger and more detailed chart
Click here for larger chart from Source: tradingeconomics.com
