AGOA Status: Guinea-Bissau is eligible for AGOA this year.
Trade Agreements: The U.S. and the West African Economic and Monetary Union (UEMOA), which includes Guinea-Bissau, have a Trade & Investment Framework Agreement (TIFA).
U.S.-Guinea-Bissau Trade Facts
Guinea-Bissau is currently our 212th largest goods trading partner with $4.3 million in total (exports plus imports) goods trade during 2010. Goods exports totaled $3.4 million; Goods imports totaled $900,000. The U.S. goods trade surplus with Guinea-Bissau was $2.5 million in 2010.
Guinea-Bissau was the United States' 209th largest goods export market in 2010.
U.S. goods exports to Guinea-Bissau in 2010 were $3.4 million, up 125% from 2009.
The top export categories (2-digit HS) for 2010 were: Fats and Oils ($1.2 million), Milling, Malt, and Starch ($717), Meat ($501,000), Machinery ($283,000), and Cereals (rice) ($142,000).
U.S. exports of agricultural products to Guinea-Bissau totaled $296,000 in 2009.
Guinea-Bissau was the United States' 205th largest supplier of goods imports in 2010.
U.S. goods imports from Guinea-Bissau totaled $900,000 in 2010, a 1,943% increase from 2009.
The top import category (2-digit HS) for 2010 was: Precious Stones (diamonds) ($842,000). It represented nearly 94% of total imports from Guinea-Bissau
The U.S. goods trade deficit with Guinea-Bissau was $2.5 million in 2010, 25% more than in 2009.