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2022
Flag → Flag
Exports $5.84BRnk 1 / 139
2022
Flag → Flag
Top Product $5.84BCrude Petroleum
2022
Flag → Flag
Exports $49.6MRnk 27 / 153
2022
Flag → Flag
Top Product $6.88MPrepared Explosives
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP GROWTH278%CURRENT US$
Rnk 1 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $18,990CURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP PC GROWTH248%CURRENT US$
Rnk 1 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Guyana-Panama Trade: In 2022, Guyana exported $5.84B to Panama. The main products that Guyana exported to Panama were Crude Petroleum ($5.84B), Rice ($119k), and Metal Mountings ($91.1k). Over the past 5 years the exports of Guyana to Panama have increased at an annualized rate of 102%, from $172M in 2017 to $5.84B in 2022.

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

Panama-Guyana Trade: In 2022, Panama exported $49.6M to Guyana. The main products that Panama exported to Guyana were Prepared Explosives ($6.88M), Concentrated Milk ($6.11M), and Cement ($3.36M). Over the past 5 years the exports of Panama to Guyana have increased at an annualized rate of 2.75%,  from $42.1M in 2017 to $49.6M in 2022.

In 2022, Panama 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, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guyana exported $5.84B to Panama. The main products exported from Guyana to Panama were Crude Petroleum ($5.84B), Rice ($119k), and Metal Mountings ($91.1k). During the last 5 years the exports of Guyana to Panama have increased at an annualized rate of 102%, from $172M in 2017 to $5.84B in 2022.

In 2017, Panama exported $49.6M to Guyana. The main products exported from Panama to Guyana were Prepared Explosives ($6.88M), Concentrated Milk ($6.11M), and Cement ($3.36M). During the last 5 years the exports of Panama to Guyana have increased at an annualized rate of 2.75%, from $42.1M in 2022 to $49.6M in 2017.

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

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

Latest Data

Trade between Guyana (Flag) and Panama (Flag)

Guyana Exports

Panama Exports

Market Competitiveness

Color
Guyana
Top DestinationPanama$5.84B
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Guyana than Panama included Netherlands ($2.86B), United States ($2.37B), and United Arab Emirates ($1.18B).

In 2022, countries that imported more from Panama than Guyana included Japan ($785M), South Korea ($539M), and China ($1.14B).

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

Comparative Advantage Guyana - Panama

Flow
Scale

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

During 2022, Guyana had a large net trade with Panama in the exports of Mineral Products ($5.84B), Vegetable Products ($120k), and Metals ($91.1k).

During 2017, Panama had a large net trade with Guyana in the exports of Chemical Products ($9.3M), Machines ($9.26M), and Animal Products ($6.12M).

Economic Complexity

Competitive Landscape

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

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

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