Surinam Import Data

Suriname's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Suriname's major trading partners include the Netherlands, the United States, and China, reflecting its historical and economic ties.

• Top 5 Imports: Mineral fuels, machinery, vehicles, pharmaceuticals, and food products make up the bulk of Suriname's imports, accounting for a significant portion of its total import value.

• Top 5 Exports: Gold, bauxite, aluminum, fish, and rice are Suriname's leading exports, comprising a major part of its export revenue.

• Trade Balance: Suriname experiences a trade deficit, importing more than it exports, which impacts its economic stability.

• Trade Policies: The government implements tariffs and trade regulations to protect domestic industries while encouraging exports.

Domestic Market

• Consumer Spending: Consumer spending in Suriname is influenced by income levels and the cost of living, with a noticeable impact from inflation.

• Interest Rates & Inflation: The Central Bank of Suriname adjusts interest rates to control inflation, balancing economic growth with price stability.

• Supply Chain Dynamics: The supply chain within Suriname can be affected by global market fluctuations, impacting the availability and cost of imported goods.

• Industry Performance: The mining, agriculture, and services sectors are key performers, contributing to the country's GDP and employment.

Overall Outlook

Suriname faces challenges with its trade deficit and inflation, but efforts to diversify the economy and strengthen domestic industries offer promising prospects for sustainable growth. The continued development of its natural resources and investment in infrastructure are expected to drive the economy forward.