Guyana spent billions more on imports than it earned from exports
Mid-Year Report shows
– import duties main driver behind increased customs, trade tax collection
– no rice exports to Cuba, Mexico despite Govt touting markets
Exports are one of the main, sustainable revenue streams for any country and as such, a well-managed and productive economy will have earnings from exports exceeding expenditure on imports. But in Guyana, the reverse is true.
![](https://guyanatimesgy.com/wp-content/uploads/2019/08/rice.jpg)