French Guiana Import Data

French Guiana Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: French Guiana's main trade partners are France, neighboring South American countries, and the European Union.

• Top 5 Imports: Fuel, machinery, vehicles, pharmaceuticals, and food products, accounting for a significant portion of the total imports.

• Top 5 Exports: Gold, fish, timber, and agricultural products like cocoa and rum, comprising the bulk of the country's exports.

• Trade Balance: French Guiana typically runs a trade deficit, importing more than it exports, influenced by its dependency on imports for essential goods and services.

• Trade Policy: As an overseas region of France, it follows EU trade policies, which include tariffs, quotas, and trade agreements with various countries.

Domestic Market

• Consumer Spending: Consumer spending is steady but may be affected by economic conditions and the cost of imported goods.

• Inflation & Interest Rates: Inflation rates are influenced by global trends and local economic policies, impacting purchasing power and savings.

• Supply Chain: Supply chains, particularly for imported goods, can be sensitive to global disruptions, affecting availability and costs.

• Industry Performance: Sectors like gold mining, fishing, and space activities at the Guiana Space Centre are key contributors to the economy.

Overall Outlook

French Guiana's economy, while facing challenges with trade deficits and dependency on imports, benefits from its strategic industries and its status as an overseas region of France. Ongoing efforts to diversify the economy and improve local production could enhance its economic resilience.