Guyana, a country with a population of 780,000, neighbouring Brazil and Venezuela in the region’s northeast corner, is expecting to bloom its economy to 86% in 2020 after expanding 4.4% in 2019, as per International Monetary Fund.
Bauxite was the country's leading industry in 2002, and gold and bauxite/alumina were the country's second-and third-ranking export commodities; bauxite and gold accounted for one-fifth of the country's GDP. Guyana was the fifth-largest bauxite producer in Latin America.
The total bauxite export of Guyana stood at 5.56 million tonnes during 2017-19. In 2017 the bauxite export was recorded at 1.64 million tonnes.
The Bauxite export of Guyana in 2018 was reflected at 1.95 million tonnes, a rise of 18.90%.
In 2019 the bauxite import rose by 1.02%, as the total export was recorded at 1.97 million tonnes and the total foreign revenue earned stood at $ 203 million.
The projected bauxite import for 2020 to get a rise by 11.16%, as the total import was recorded at 2.19 million tonnes and the revenue to be earned would be $232 million. The revenue generation has been also projected with a rise of 14.28% from its preceding year.
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The bauxite import of Guyana has been done to several countries like the USA, Australia, France, Austria, Canada, Ecuador, China, Germany, India, Italy, Ireland, Mexico, Netherlands, etc.
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