Trade and Investment

External Trade


Function: External trade section is responsible for the collection, extraction and compilation of all trade data from various sources to produce and disseminate external trade statistics of the economy, of which the two main types are the quantity and value of exports and imports.

Data collection: The division relies exclusively on the supply of data from the Guyana Revenue Authority Customs Department and other import / export agencies.

System of Trade: “Imports” are the totals of all imports cleared through customs for the local economy while “Exports” are the exports of domestic producers, and include the re-exports of imported goods which had previously been cleared through customs for the local economy.

Quantities and Values: All quantities and values are based on the declaration of importers and exporters, and are subject to verification by customs officials. Values are shown in Guyana Dollars (G$). Imports are valued C.I.F. (cost, insurance and freight) and exports of domestic and foreign goods are valued F.O.B. (free on board).

Please refer to the Statistical Bulletin for External Trade data.

January – Oct 2015 (Latest Update)

Imports by Country of Origin 

 

COUNTRY     VALUE      CONTRIBUTION
(US$’000)

         (%)  

TRINIDAD & TOBAGO 398,120.4 32.1
UNITED STATES OF AMERICA 372,955.9 30.1
CHINA 96,553.9 7.8
VENEZUELA 67,701.3 5.5
SURINAME 59,139.4 4.8
JAPAN 46,835.0 3.8
UNITED KINGDOM 35,081.6 2.8
BARBADOS 22,502.3 1.8
NEW ZEALAND 21,418.5 1.7
GERMANY 19,018.4 1.5
OTHER COUNTRIES 99,588.6 8.0
TOTAL 1,238,915.3 100.0

Customs Avereage R.O.E for January – Oct, 2015 is G$206.50 to US$1.00


Major Imports by SITC3 Group


SITC3 GROUP
ITEM VALUE  CONTRIBUTION
(US$’000)

      (%)  

334 Fuel and Lubricant 300,401.9 24.2
782 Goods and Special Purpose Motor Vehicles 80,835.5 6.5
672-679 Articles of Iron and Steel 30,454.8 2.5
661 Lime, Cement etc. 27,492.3 2.2
723 Contractors Plant Equipment 25,730.9 2.1
562 Fertilizers, Manufactured 24,801.5 2.0
781 Motor Cars 24,204.0 2.0
022 Milk and Cream 23,889.2 1.9
893 Articles of Plastic 23,021.1 1.9
642 Articles of Paper 20,501.9 1.7
Other Imports 657,582.2 53.1
TOTAL 1,238,915.3 100.0

Exports by Country of Destination


COUNTRY VALUE CONTRIBUTION

(US$’000)

              (%)  
UNITED STATES OF AMERICA 260,749.1 27.6
CANADA 106,811.7 11.3
UNITED KINGDOM 72,124.0 7.6
TRINIDAD & TOBAGO 57,642.4 6.1
VENEZUELA 52,647.6 5.6
JAMAICA 52,060.4 5.5
PANAMA 49,017.4 5.2
GERMANY 36,046.5 3.8
UKRAINE 32,242.7 3.4
BELGIUM 28,453.3 3.0
OTHER COUNTRIES 196,413.8 20.8
TOTAL 944,208.8 100.0

 



Exports by Item (Including Re-Exports)


ITEM VALUE  CONTRIBUTION

           (US$’000)

              (%)  

Gold 390,192.9 41.3
Rice & Paddy 186,208.2 19.7
Bauxite 87,873.7 9.3
Sugar 57,551.9 6.1
Timber 38,054.6 4.0
Shrimp and Prawns 36,308.8 3.8
Fish and By-Product 29,233.4 3.1
Prepared Foods 18,611.9 2.0
Bottled Rum & Spirit 17,127.7 1.8
Diamond 14,183.2 1.5
Other Exports 40,249.9 4.3
Re-Exports 28,612.6 3.0
TOTAL 944,208.8 100.0

Customs Avereage R.O.E for January – Oct, 2015 is G$206.50 to US$1.00