Exporting to Suriname

Suriname is a coastal country and is located in South America. It borders on Guyana, French Guiana and Brazil, making it a good gateway. In the year ended June 2019, total UK exports to Suriname amounted to £14 million (IMF, 2019).

Growing import market

Suriname is expected to see a growth in imports of 10.7% this year and 12.5% the following year, with consistent growth expected to follow (IMF, 2019). This highlights a growing demand for imported goods in Suriname which UK businesses could benefit from.

Demand for goods and services

In the year to June 2019, the top goods exported from the UK to Suriname were beverages, dyeing, tanning and colouring materials, industrial machinery, mechanical power generators and electrical goods (ONS, 2019). In terms of services, the top services imported by Suriname from the world were business services, travel, transport, construction and maintenance and repair services (ITC Trade Map, 2019). Therefore, if you operate in any of these industries, Suriname could be a good market for you.

Ease of doing business

165th

out of 190 untries (World Bank, 2018)

Currency

Surinamese dollar

co

Business languages

Dutch, English

GDP per capita

$5,798

UK is $42,558

Economic growth

2.0%

(IMF, 2018)

Time zone

GMT -3

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.