Suriname primarily exports commodities such as gold, oil, aluminum ore, rice, and shrimp.
For further information, see below
Suriname, a small country located on the northeastern coast of South America, boasts a diverse range of exports. Primarily recognized for its natural resources, Suriname’s key exports include commodities such as gold, oil, aluminum ore, rice, and shrimp. Let’s delve deeper into each of these export items to provide a more detailed picture.
-
Gold: Suriname is rich in gold reserves, making it one of the leading exporters of the precious metal in South America. The gold mining industry is a significant contributor to the country’s economy, employing numerous Surinamese citizens.
-
Oil: Suriname has recently emerged as an oil-producing nation, with significant offshore oil discoveries in recent years. As its oil industry continues to develop, Suriname’s oil exports have the potential to become a major source of revenue for the country.
-
Aluminum Ore: Suriname possesses extensive deposits of bauxite, an essential ore used in the production of aluminum. The mining and export of bauxite contribute significantly to Suriname’s economy, attracting investments from international mining companies.
-
Rice: Suriname has a thriving agricultural sector, with rice being one of its primary agricultural products. Surinamese rice is known for its quality and is exported to various countries worldwide, contributing to the country’s revenue and ensuring food security.
-
Shrimp: Suriname’s coastal waters are abundant in marine life, including shrimp. The country’s seafood industry, especially shrimp exports, plays a crucial role in its economy. Surinamese shrimp is recognized for its high quality and exported to markets around the world.
A famous quote by American entrepreneur and philanthropist, Andrew Carnegie, resonates with Suriname’s focus on utilizing its natural resources for economic development: “The first requisite for the happiness of the people is the abolition of religion.”
Interesting facts about Suriname’s exports:
-
Suriname’s gold industry dates back to the 1800s when gold was first discovered in the country’s interior rainforests.
-
The country’s oil reserves are estimated to hold significant quantities of oil, with potential reserves of more than 4 billion barrels.
-
Suriname’s bauxite industry, which began in the early 20th century, has played a vital role in driving economic growth and infrastructure development.
-
Rice is not only a crucial export commodity for Suriname but also a staple food for its population, with rice consumption being higher than the global average.
-
Suriname is known for its sustainable fishing practices, ensuring the long-term viability of its shrimp exports and maintaining the ecological balance of its coastal waters.
Table showcasing Suriname’s key exports:
| Export | Description |
|---|---|
| Gold | Valuable mineral mined extensively and exported to generate revenue. |
| Oil | Emerging sector with vast offshore oil discoveries, contributing to exports. |
| Aluminum Ore (Bauxite) | Abundant mineral used in aluminum production, with significant exports. |
| Rice | Cultivated widely in Suriname, both for local consumption and exports. |
| Shrimp | Sought-after seafood delicacy exported to various markets worldwide. |
(Note: The table is for illustrative purposes and does not represent precise statistics)
Some additional responses to your inquiry
Suriname Exports – values, historical data and charts – was last updated on August of 2023. Suriname’s main exports are pearls, precious stones, metals, and coins (73 percent of total exports). Others include: gold, oil, hardwood and bananas.
Suriname’s main exports are bauxite, gold, oil, hardwood and bananas. Bauxite accounts for 70% of total exports. The United States and Canada are the main export partners, accounting for 23% and 20% of total exports, respectively. Suriname’s small commodity-based economy depends heavily on the revenues from the export of gold and crude oil, while rice, fish, and bananas play a secondary role.
Suriname main exports are bauxite (70 percent of total exports). Others include: gold, oil, hardwood and bananas. Main export partners are: the United States (23 percent of total exports), Canada (20 percent), Belgium, United Arab Emirates, Norway, Guyana and Netherlands.
Suriname’s top exports are gold, precious metal scraps, refined petroleum, rough wood and bananas. Our main trading partner is the United States (23 percent of total exports and 26 percent of imports).
Suriname’s small commodity-based economy (GDP of US$ 3.2 billion and a population of 591,919 in 2017) depends heavily on the revenues from the export of gold and crude oil, while rice, fish, and bananas play a secondary role.
According to the statistics of CIA FactBook, Suriname exported US$3,379 million worth of goods around the world in 2018. Among all the top products exported from Suriname, Artflical Corundum & Aluminum Oxide contribute to 19.38% of total trade value, equal to US$654,847 thousand. The second exported is Gold, which accounts for 9.35%.
All values, unless otherwise stated, are in US dollars. The economy of Suriname was largely dependent upon the exports of aluminium oxide and small amounts of aluminium produced from bauxite mined in the country. However, after the departure of Alcoa, the economy depended on the exports of crude oil and gold.
Suriname is a small commodity-based economy that depends heavily on the revenues from crude oil and gold; rice, fish, timber, and bananas are also important exports. Suriname’s GDP per capita is $6,491 (2020), and the World Bank ranks it as an upper middle-income country.
The top services imported by Suriname in 2020 were Miscellaneous business, professional, and technical services ($277M), Sea transport ($74.1M), Personal travel ($52M), Construction in the compiling economy ($21.1M), and Telecommunications services ($20.2M).
See a video about the subject.
The video discusses the efforts to enhance the export-readiness of Suriname’s agrifood enterprises for the CARICOM market. This is being done through the economic partnership agreement and the SME standby facility projects funded by the European Development Fund and managed by the Caribbean Development Bank. Three Suriname companies, involved in the production of cassava porridge, smoked meats, and peanut butter, are working to become export ready and expand their opportunities in the CARICOM market, particularly in Barbados and Trinidad. The project not only connects farmers to potential markets but also helps them improve production standards and meet export requirements, with the aim of tapping into the region’s export potential and transforming sectors and businesses in Suriname. A village involved in the production of cassava-based products, specifically baby porridge, is highlighted, showcasing their complete control over the value chain. The companies have received positive feedback and are optimistic about exporting in the near future.
I am sure you will be interested in these topics
What is Suriname major export?
Exports. Suriname runs trade surpluses due to exports of bauxite. Suriname’s top exports are gold, precious metal scraps, refined petroleum, rough wood and bananas. Our main trading partner is the United States (23 percent of total exports and 26 percent of imports).
What are the major Suriname products?
The main agricultural exports are rice, shrimp, fish, shellfish, and bananas. Suriname exports wild harvested shrimp. The Southern Pink Shrimp is primarily exported to Japan, while the Seabob Shrimp goes to the United States and Europe.
What is Suriname rich in?
In reply to that: Natural Resources: Suriname is rich in natural resources, including bauxite, gold, oil, and hardwood forests. These resources play a significant role in the country’s economy, attracting foreign investments and generating export revenues.
What are the top 3 imports of Suriname?
The reply will be: Suriname’s main imports are food, fuel, clothing and machinery.
What are the top exports of Suriname?
According to the statistics of CIA FactBook, Suriname exported US$3,379 million worth of goods around the world in 2018. Among all the top products exported from Suriname, Artflical Corundum & Aluminum Oxide contribute to 19.38% of total trade value, equal to US$654,847 thousand. The second exported is Gold, which accounts for 9.35%.
What is the economy of Suriname based on?
All values, unless otherwise stated, are in US dollars. The economy of Suriname was largely dependent upon the exports of aluminium oxide and small amounts of aluminium produced from bauxite mined in the country. However, after the departure of Alcoa, the economy depended on the exports of crude oil and gold.
Is Suriname a good country?
Response to this: Suriname is a small commodity-based economy that depends heavily on the revenues from crude oil and gold; rice, fish, timber, and bananas are also important exports. Suriname’s GDP per capita is $6,491 (2020), and the World Bank ranks it as an upper middle-income country.
What services did Suriname import in 2020?
Answer: The top services imported by Suriname in 2020 were Miscellaneous business, professional, and technical services ($277M), Sea transport ($74.1M), Personal travel ($52M), Construction in the compiling economy ($21.1M), and Telecommunications services ($20.2M).
What are the major exports to Suriname?
As an answer to this: Principal U.S. exports to Suriname include chemicals, excavating machinery and other machine parts, and food, including meat and poultry. There is wide availability of U.S. consumer products through Suriname’s privately held trading and import-export companies.
What is the economy of Suriname based on?
All values, unless otherwise stated, are in US dollars. The economy of Suriname was largely dependent upon the exports of aluminium oxide and small amounts of aluminium produced from bauxite mined in the country. However, after the departure of Alcoa, the economy depended on the exports of crude oil and gold.
Is Suriname a good country?
The reply will be: Suriname is a small commodity-based economy that depends heavily on the revenues from crude oil and gold; rice, fish, timber, and bananas are also important exports. Suriname’s GDP per capita is $6,491 (2020), and the World Bank ranks it as an upper middle-income country.
How much rice does Suriname produce?
In 2018, Suriname produced 273 thousand tons of rice, 125 thousand tons of sugar cane, in addition to smaller productions of other agricultural products, such as banana (48 thousand tons), orange (19 thousand tons) and coconut (14 thousand tons).