Guyana (GUY) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Guyana-Italy Trade: In 2022, Guyana exported $1.18B to Italy. The main products that Guyana exported to Italy were Crude Petroleum ($1.14B), Rice ($27.2M), and Aluminium Ore ($6.79M). Over the past 5 years the exports of Guyana to Italy have increased at an annualized rate of 120%, from $22.7M in 2017 to $1.18B in 2022.

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

Italy-Guyana Trade: In 2022, Italy exported $39.7M to Guyana. The main products that Italy exported to Guyana were Special Purpose Ships ($17.8M), Valves ($5.39M), and Gas Turbines ($1.21M). Over the past 5 years the exports of Italy to Guyana have increased at an annualized rate of 40.5%, from $7.25M in 2017 to $39.7M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guyana exported $1.18B to Italy. The main products exported from Guyana to Italy were Crude Petroleum ($1.14B), Rice ($27.2M), and Aluminium Ore ($6.79M). During the last 5 years the exports of Guyana to Italy have increased at an annualized rate of 120%, from $22.7M in 2017 to $1.18B in 2022.

In 2017, Italy exported $39.7M to Guyana. The main products exported from Italy to Guyana were Special Purpose Ships ($17.8M), Valves ($5.39M), and Gas Turbines ($1.21M). During the last 5 years the exports of Italy to Guyana have increased at an annualized rate of 40.5%, from $7.25M in 2022 to $39.7M in 2017.

Exports from Guyana () to Italy () (2022)

Exports from Italy () to Guyana () (2022)

Latest Data

Trade between Guyana () and Italy ()

Guyana Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guyana
Top DestinationPanama$5.84B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Guyana than Italy included Panama ($5.84B), Aruba ($156M), and Suriname ($36.5M).

In 2022, countries that imported more from Italy than Guyana included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Guyana - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guyana had a large net trade with Italy in the exports of Mineral Products ($1.15B), Vegetable Products ($27.2M), and Metals ($1.25M).

During 2017, Italy had a large net trade with Guyana in the exports of Transportation ($18.3M), Machines ($13.9M), and Instruments ($2.56M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Guyana () to Italy () (2022)

Exports from Italy () to Guyana () (2022)

Latest Data

Trade between Guyana () and Italy ()

Guyana Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Guyana - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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