Guyana (GUY) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Guyana-South Korea Trade: In 2022, Guyana exported $770k to South Korea. The main products that Guyana exported to South Korea were Scrap Copper ($381k), Scrap Lead ($162k), and Industrial Fatty Acids, Oils and Alcohols ($85.2k). Over the past 5 years the exports of Guyana to South Korea have decreased at an annualized rate of 26.3%, from $3.55M in 2017 to $770k in 2022.

In 2022, Guyana did not export any services to South Korea.

South Korea-Guyana Trade: In 2022, South Korea exported $46.2M to Guyana. The main products that South Korea exported to Guyana were Large Construction Vehicles ($24M), Excavation Machinery ($3.57M), and Fork-Lifts ($1.87M). Over the past 5 years the exports of South Korea to Guyana have increased at an annualized rate of 4.99%, from $36.2M in 2017 to $46.2M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guyana exported $770k to South Korea. The main products exported from Guyana to South Korea were Scrap Copper ($381k), Scrap Lead ($162k), and Industrial Fatty Acids, Oils and Alcohols ($85.2k). During the last 5 years the exports of Guyana to South Korea have decreased at an annualized rate of 26.3%, from $3.55M in 2017 to $770k in 2022.

In 2017, South Korea exported $46.2M to Guyana. The main products exported from South Korea to Guyana were Large Construction Vehicles ($24M), Excavation Machinery ($3.57M), and Fork-Lifts ($1.87M). During the last 5 years the exports of South Korea to Guyana have increased at an annualized rate of 4.99%, from $36.2M in 2022 to $46.2M in 2017.

Exports from Guyana () to South Korea () (2022)

Exports from South Korea () to Guyana () (2022)

Latest Data

Trade between Guyana () and South Korea ()

Guyana Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guyana
Top DestinationPanama$5.84B

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Guyana than South Korea included Panama ($5.84B), Aruba ($156M), and Venezuela ($97.3M).

In 2022, countries that imported more from South Korea than Guyana included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Guyana () (2022)

Comparative Advantage Guyana - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guyana had a large net trade with South Korea in the exports of Metals ($626k), Chemical Products ($85.2k), and Mineral Products ($35k).

During 2017, South Korea had a large net trade with Guyana in the exports of Machines ($36M), Transportation ($3.5M), and Chemical Products ($3.08M).

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 South Korea. This means that a dot/product with the flag of Guyana indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Guyana.

About

Historical Data

Bilateral Trade by Products

Exports from Guyana () to South Korea () (2022)

Exports from South Korea () to Guyana () (2022)

Latest Data

Trade between Guyana () and South Korea ()

Guyana Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Guyana () (2022)

Comparative Advantage Guyana - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guyana () and South Korea () (2022)

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