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Guinea-Bissau

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
11.7
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0
0
0

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's an update on tariffs related to Guinea-Bissau: Guinea-Bissau's General Tariff Structure: Guinea-Bissau is part of the West African Economic and Monetary Union (WAEMU) and has adopted the union's Common External Tariff (CET) since 2000. In 2022, the applied weighted mean tariff rate for all products in Guinea-Bissau was 11.82%. For primary products specifically, the applied simple mean tariff rate in 2022 was reported as 17.25% by one source and the applied weighted mean rate as 15.02% by another. These figures give an indication of the general tariff levels before any very recent specific updates. Generally, basic food and agricultural products might have lower tariffs (around 1-2%), while luxury items can have surtaxes ranging from 20% to 70%. Recent Developments and U.S. Tariffs: On April 2, 2025, the United States announced a 10% tariff on goods from all countries, including Guinea-Bissau, which took effect on April 5, 2025.   Higher "reciprocal tariffs" were also announced for countries with large trade deficits with the U.S., but the specific rate for Guinea-Bissau under this mechanism wasn't initially specified beyond the baseline 10% due to its smaller trade volume with the U.S. However, on April 16, 2025, Guinea-Bissau announced that it would impose a reciprocal 10% customs tariff on products imported from the United States in response to the U.S. tariff. Key Takeaways for Guinea-Bissau Tariffs: Guinea-Bissau generally follows the WAEMU's Common External Tariff. The average applied tariff rate for all products around 2022 was roughly 11-12%. As of mid-April 2025, a 10% tariff is applied by the United States on goods from Guinea-Bissau.   In response, Guinea-Bissau has implemented a 10% reciprocal tariff on goods imported from the United States. It's important to note that specific tariff rates for individual products can vary. For detailed information, one would need to consult the official tariff schedules of Guinea-Bissau (aligned with WAEMU) and the United States.

US Negotiation Strategy

Based on the latest available data (primarily 2024, with some 2023 figures), the top imports to the US from Guinea-Bissau are: Edible fruits, nuts, peel of citrus fruit, melons: ($611.35K in 2023) - Specifically Coconuts, Brazil Nuts, and Cashews ($76.8M total exports from Guinea-Bissau to the world in 2023). Optical, photo, technical, medical apparatus: ($76.87K in 2024) Other made textile articles, sets, worn clothing: ($14.91K in 2024) Commodities not specified according to kind: ($10.68K in 2024) Articles of apparel, not knit or crocheted: ($9.52K in 2024) Furniture, lighting signs, prefabricated buildings: ($9.40K in 2024) Articles of leather, animal gut, harness, travel good: ($6.02K in 2024) Plastics: ($3.79K in 2023) Machinery, nuclear reactors, boilers: ($2.83K in 2024) It's important to note that the overall import values from Guinea-Bissau to the US are relatively small. The top import by a significant margin is edible nuts. Here's a breakdown of which US states can manufacture similar goods, along with examples of companies: Edible Fruits and Nuts (specifically Coconuts, Brazil Nuts, Cashews):   Florida: While the US doesn't commercially grow Brazil nuts or coconuts on a large scale due to climate, Florida has some limited production of tropical fruits and nuts, and companies process and distribute imported nuts. Example: SunTree Snack Foods (Florida) processes and distributes various nuts, including cashews.   California: Primarily known for almonds, walnuts, and pistachios, California also has some limited production of other nuts and dried fruits, and numerous companies involved in processing and distribution. Example: Blue Diamond Growers (California) is a major agricultural cooperative processing and marketing nuts.   Optical, Photo, Technical, Medical Apparatus: Massachusetts: A hub for medical device manufacturing and optical equipment. Example: Boston Scientific (Massachusetts) manufactures medical devices. Analog Devices (Massachusetts) produces technical components.   California: Strong in medical devices, scientific instruments, and technology. Example: Medtronic (California has a significant presence) manufactures medical devices. Intel (California) produces electronic components used in various apparatus.   Minnesota: Known as "Medical Alley" with a high concentration of medical device companies. Example: 3M (Minnesota) produces a wide range of medical and technical products.   Textile Articles and Apparel: North Carolina: Has a long history in textile manufacturing and still has companies producing various textile goods and apparel. Example: While many large apparel manufacturers have moved offshore, some companies like American Giant (North Carolina) maintain some US-based production.   California: Has a significant apparel industry, particularly in design and some manufacturing. Example: Los Angeles Apparel (California) is involved in apparel manufacturing.   New York: Especially the New York City Garment District, still has apparel manufacturing, although on a smaller scale than historically. Example: NYC Factory Inc. (New York) offers apparel manufacturing services. Furniture and Lighting: North Carolina: A major center for furniture manufacturing in the US. Example: Hickory Chair (North Carolina) is a well-known furniture manufacturer.   Indiana: Has a significant furniture manufacturing sector, particularly in the northern part of the state with Amish furniture makers. Example: Shipshewana Furniture Co. (Indiana) produces wood furniture.   Michigan: Also has furniture manufacturing companies. Example: Herman Miller (Michigan) is a major office furniture manufacturer.     Leather Goods: Missouri: Has a history of leather tanning and manufacturing of leather goods. Example: Some smaller manufacturers of leather goods might still operate in the state. Texas: Has a significant leather industry related to ranching and Western wear. Example: Companies specializing in saddles and other leather goods.   Plastics: Texas: A major hub for the petrochemical industry, which is the foundation for plastics manufacturing. Example: Numerous large chemical companies like Dow Chemical (Texas has significant operations) produce raw plastic materials.   Ohio: Has a significant plastics manufacturing sector. Example: Many companies in Ohio produce various plastic products and components.   Michigan: Also has a substantial plastics manufacturing industry, particularly related to the automotive sector. Example: Companies producing plastic parts for vehicles.   Machinery: Illinois: Known for manufacturing industrial machinery. Example: Caterpillar (Illinois) produces heavy machinery. Deere & Company (Illinois) manufactures agricultural machinery.   Ohio: Has a diverse manufacturing sector, including machinery. Example: GE Aviation Systems (Ohio) manufactures aerospace machinery components.   Michigan: While known for vehicles, it also manufactures industrial machinery. Example: Companies producing machine tools and automation equipment.   It's crucial to understand that while these US states have the capacity to manufacture similar types of goods, the specific products, quantities, and price points might differ significantly from those imported from Guinea-Bissau. The US often focuses on higher-value or more technologically advanced manufacturing in many of these sectors.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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