US Trade Deal with Guyana 8-8-25

In 2025, the primary goods traded between the US and Guyana are oil, gold, machinery, and electronics. Guyana primarily imports machinery, nuclear reactors, boilers, and mineral fuels from the US. The US imports crude oil, wood, and some food products from Guyana. Trade between the two countries is significant, with the US being Guyana's largest trading partner.  

US Imports from Guyana (2025):

·       Crude Petroleum: A major import, particularly from Guyana's offshore oil production. 

·       Wood and Articles of Wood: A smaller but notable import, including wood charcoal. 

·       Beverages, Spirits and Vinegar: A category of imports from Guyana. 

·       Cereal, Flour Starch, Milk Preparations: Another import category. 

·       Other: Commodities not elsewhere specified, and Aluminum Ore are also imported. 

US Exports to Guyana (2025):

·       Machinery, Nuclear Reactors, Boilers: A significant export category, indicating investment in infrastructure. 

·       Mineral Fuels, Oils, Distillation Products: Includes refined petroleum products. 

·       Articles of Iron or Steel: A common export, suggesting construction and manufacturing activity. 

·       Electrical, Electronic Equipment: Reflects Guyana's growing need for technology and electrical infrastructure. 

·       Other: Centrifuges, and machinery with individual functions are also exported. 

Key Points:

·       The US is Guyana's largest trading partner. 

·       Guyana's exports to the US are heavily influenced by its oil and gold production. 

·       US exports to Guyana are driven by the need for machinery, equipment, and fuel. 

·       There are discrepancies in trade data between the two countries, particularly regarding the value of exports. 

https://www.google.com/search?q=us+import+export+goods+to+and+from++guyana+2025

As of May 2025, the latest available data indicates a negative trade balance between the United States and Guyana. 

·       US Exports to Guyana: US$131 million.

·       US Imports from Guyana: US$459 million.

·       Trade Balance (deficit for the US): US$328 million. 

This indicates that, as of May 2025, the United States is importing significantly more goods from Guyana than it is exporting to Guyana. This trend is a continuation of a pattern where the US is Guyana's largest trading partner and Guyana enjoys a trade surplus with the US. The trade deficit increased by $11.3 billion from April to May 2025. 

https://www.google.com/search?q=us+import+export+trade+balance+in+usd+with+guyana+2025

Guyana's nominal GDP for 2025 is estimated to be $25.82 billion. In 2025, Guyana's nominal GDP per capita is projected to be $32,326.32. Guyana’s Population is 835,986. The unemployment rate in Ghana is forecast to be 2.87%.

The US Trade Deficit with Guyana is $328 million. Based on an Executive Order issued on July 31, 2025, the US reduced the reciprocal tariff on Guyanese exports from 38% to 15%.

In 2024, the United States experienced a trade deficit with Guyana, importing more goods and services than it exported. Specifically, Guyana's exports to the US were $3.51 billion, while US exports to Guyana were $1.58 billion. This resulted in a trade deficit for the US of $1.93 billion. 

https://www.google.com/search?q=us+trade+deficit+on+import+export+trade+with+guyana+2024

Comments

The US $1.93 billion 2024 Trade Deficit will likely be reduced by replacing oil imports with US oil production. The US $328 million 2025 trade deficit reflects this change. The 15% imposed US Tariff is further evidence of this change.

Norb Leahy, Dunwoody GA Tea Party Leader