GUYANA–Guyana Brazil trade surges to US$1 billion as ties deepen
GEORGETOWN, Guyana, CMC-Trade between Guyana and Brazil has grown sharply over the past four years, climbing from about US$58 million in 2020 to US$1 billion in 2026, according to Brazil’s Ambassador Maria Cristina de Castro Martins. The increase reflects expanding economic cooperation between the two neighboring countries as they move to strengthen investment, trade, and […] The post GUYANA–Guyana Brazil trade surges to US$1 billion as ties deepen appeared first on Caribbean Times.
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GEORGETOWN, Guyana, CMC-Trade between Guyana and Brazil has grown sharply over the past four years, climbing from about US$58 million in 2020 to US$1 billion in 2026, according to Brazil’s Ambassador Maria Cristina de Castro Martins.
The increase reflects expanding economic cooperation between the two neighboring countries as they move to strengthen investment, trade, and regional integration through closer engagement with MERCOSUR.
Speaking during an interview on local radio on Wednesday, Castro Martins described the rise in trade as a major expansion driven by growing activity in the energy, mining and infrastructure sectors.
She explained that Guyana’s exports to Brazil are heavily concentrated in crude oil, which accounts for roughly 98 percent of shipments. In contrast, Brazil mainly exports machinery and industrial equipment used in construction, mining, oil production, and extractive industries.
“The trade relations between the two countries have expanded significantly in recent years. The trade flow, which was around US$58 million in 2020, has now reached US$1 billion,” the ambassador said.
Her remarks come ahead of a business forum scheduled for next Monday, to be hosted by the World Trade Center Georgetown in collaboration with the Embassy of Brazil.
The event is expected to focus on new opportunities for trade and investment, while advancing discussions on Guyana’s deeper engagement with MERCOSUR, where it currently holds associate status.
According to Castro Martins, a Brazilian delegation will attend the forum to support stronger bilateral relations.
relations and encourage dialogue on future trade arrangements between Guyana and the regional bloc.
She said Brazil would back exploratory talks between MERCOSUR member states and Guyana if Georgetown seeks closer economic integration with the organization.
“The seminar next week will be held to understand better the trade and investment opportunities that MERCOSUR can offer to Guyana’s businessmen,” she said.
The ambassador also highlighted the strategic geographic importance of both countries, describing Guyana as a gateway to the Caribbean and Brazil as a bridge to wider South American markets.
“We need to profit from this position, which is very strategic for both countries,” Castro Martins said, adding that trade ties have traditionally been limited to a narrow range of regions and sectors.
“It’s time to expand, to have new provinces in our trade relations,” she added.
She further stressed the importance of regional cooperation and diversification, noting that while Brazil maintains longstanding ties with the United States, there is growing emphasis on strengthening commercial and institutional links within South America and the Caribbean.
The upcoming forum is expected to bring together governments and private-sector stakeholders to explore new opportunities in investment, logistics integration, and market expansion between the two fast-growing economies.
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