Guyana (GUY) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Guyana-Armenia Trade: In 2022, Guyana exported $109 to Armenia. The main products that Guyana exported to Armenia were Wood Ornaments ($84) and Other Processed Fruits and Nuts ($25). Over the past 7 years the exports of Guyana to Armenia have decreased at an annualized rate of 15.9%, from $367 in 2015 to $109 in 2022.

In 2022, Guyana did not export any services to Armenia.

Armenia-Guyana In N/A, Armenia did not export any products to Guyana.

In 2022, Armenia did not export any services to Guyana.

Comparison In 2022, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guyana exported $109 to Armenia. The main products exported from Guyana to Armenia were Wood Ornaments ($84) and Other Processed Fruits and Nuts ($25). During the last 7 years the exports of Guyana to Armenia have decreased at an annualized rate of 15.9%, from $367 in 2015 to $109 in 2022.

Armenia does not register exports to Guyana. The main products exported from Armenia to Guyana were Liquid Pumps ($23.2k), Broadcasting Equipment ($21.7k), and Centrifuges ($4.83k).

Exports from Guyana () to Armenia () (2022)

Exports from Armenia () to Guyana () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guyana
Top DestinationPanama$5.84B

Armenia
Top DestinationRussia$2.36B

This map shows whether countries import more from Guyana or Armenia. Each country is colored based on the difference in imports they receive from Guyana and Armenia or the difference in the growth in imports.

In 2022, countries that imported more from Guyana than Armenia included Panama ($5.84B), Netherlands ($2.86B), and United States ($2.37B).

In 2022, countries that imported more from Armenia than Guyana included Russia ($2.36B), Georgia ($260M), and Switzerland ($257M).

Difference in imports from Armenia () and Guyana () (2022)

Comparative Advantage Guyana - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Guyana and Armenia by product, considering products traded by both, Guyana and Armenia.

During 2022, Guyana had a large net trade with Armenia in the exports of Wood Products ($84) and Foodstuffs ($25).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Guyana and Armenia. This means that a dot/product with the flag of Guyana indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Guyana.

About

Historical Data

Bilateral Trade by Products

Exports from Guyana () to Armenia () (2022)

Exports from Armenia () to Guyana () (2022)

Market Competitiveness

Difference in imports from Armenia () and Guyana () (2022)

Comparative Advantage Guyana - Armenia

Economic Complexity

Competitive Landscape

Product Space of Guyana () and Armenia () (2022)

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