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2022
Flag → Flag
Exports $344kRnk 74 / 139
2022
Flag → Flag
Top Product $337kSawn Wood
2022
Flag → Flag
Exports $2.99kRnk 150 / 160
2022
Flag → Flag
Top Product $1.26kOpto-Electric Instrument Parts
2022
Flag  
GDP$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
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GDP GROWTH278%CURRENT US$
Rnk 1 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $18,990CURRENT US$
Rnk 53 / 186
2012-2022
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GDP PC GROWTH248%CURRENT US$
Rnk 1 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Guyana-Iceland Trade: In 2022, Guyana exported $344k to Iceland. The main products that Guyana exported to Iceland were Sawn Wood ($337k), Grapes ($2.12k), and Pitted Fruits ($1.67k). Over the past 15 years the exports of Guyana to Iceland have increased at an annualized rate of 8.01%, from $108k in 2007 to $344k in 2022.

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

Iceland-Guyana Trade: In 2022, Iceland exported $2.99k to Guyana. The main products that Iceland exported to Guyana were Opto-Electric Instrument Parts ($1.26k), Aircraft Parts ($460), and Centrifuges ($428). Over the past 15 years the exports of Iceland to Guyana have decreased at an annualized rate of 60.2%,  from $298k in 2007 to $2.99k in 2022.

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

Comparison In 2022,  Guyana ranked 80 in total exports ($18.5B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guyana exported $344k to Iceland. The main products exported from Guyana to Iceland were Sawn Wood ($337k), Grapes ($2.12k), and Pitted Fruits ($1.67k). During the last 15 years the exports of Guyana to Iceland have increased at an annualized rate of 8.01%, from $108k in 2007 to $344k in 2022.

In 2017, Iceland exported $2.99k to Guyana. The main products exported from Iceland to Guyana were Opto-Electric Instrument Parts ($1.26k), Aircraft Parts ($460), and Centrifuges ($428). During the last 5 years the exports of Iceland to Guyana have decreased at an annualized rate of 60.2%, from $298k in 2022 to $2.99k in 2017.

Exports from Guyana (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Guyana (Flag) (2022)

Market Competitiveness

Color
Guyana
Top DestinationPanama$5.84B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Guyana than Iceland included Panama ($5.84B), United States ($2.37B), and United Arab Emirates ($1.18B).

In 2022, countries that imported more from Iceland than Guyana included Norway ($459M), France ($459M), and Poland ($367M).

Difference in imports from Iceland (Flag) and Guyana (Flag) (2022)

Comparative Advantage Guyana - Iceland

Flow
Scale

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

During 2022, Guyana had a large net trade with Iceland in the exports of Wood Products ($337k), Vegetable Products ($5.87k), and Foodstuffs ($680).

During 2017, Iceland had a large net trade with Guyana in the exports of Instruments ($1.26k), Machines ($745), and Transportation ($460).

Economic Complexity

Competitive Landscape

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

Product Space of Guyana (Flag) and Iceland (Flag) (2022)

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