Guam Export Data

Guam's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Guam's primary trade partners include the United States, Japan, and South Korea, reflecting its strategic location and economic ties in the Pacific region.

• Top 5 Imports: Fuel, food, construction materials, electronics, and vehicles. These imports constitute a significant portion of Guam's total import volume, demonstrating the island's reliance on external supplies.

• Top 5 Exports: Tourism services, telecommunications, and military-related services. While tangible goods exports are minimal, service exports, especially to Japan, are crucial for Guam's economy.

• Trade Balance: Guam consistently maintains a trade deficit due to its high import needs and limited local production capabilities. Efforts are underway to diversify the economy and increase self-sufficiency.

• Policy Insights: Guam's trade policies are closely aligned with those of the U.S., including participation in free trade agreements. The island is exploring ways to boost local industries and reduce dependency on imports.

Domestic Market

• Consumer Spending: Consumer spending in Guam is robust, driven by tourism and a strong local economy. However, inflation and global supply chain disruptions have led to higher prices and affected purchasing power.

• Interest Rates & Inflation: Inflation rates in Guam mirror those in the U.S., influenced by global economic conditions. Interest rates follow those set by the Federal Reserve, impacting borrowing and saving dynamics on the island.

• Supply Chain Resilience: Guam's supply chain is vulnerable to disruptions due to its geographic location and reliance on maritime transportation. Strategies are being developed to enhance logistics and reduce reliance on single sources.

• Industry Performance: The tourism industry is the backbone of Guam's economy, complemented by significant military presence and growing sectors such as telecommunications and construction. Diversification efforts aim to strengthen economic stability.

Overall Outlook

Guam's economy is poised for continued growth, supported by its strategic location and efforts to diversify industries. While challenges such as inflation and trade deficits persist, the island's unique position in the Pacific offers opportunities for innovation and strategic partnerships.