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2022
Flag → Flag
Exports $97.3MRnk 18 / 139
2022
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Top Product $95.3MRice
2022
Flag → Flag
Exports $28.9MRnk 19 / 126
2022
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Top Product $16.3MRefined Petroleum
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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GDP$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
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GDP GROWTH278%CURRENT US$
Rnk 1 / 186
2022
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GDP PC $18,990CURRENT US$
Rnk 53 / 186
2012-2022
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GDP PC GROWTH248%CURRENT US$
Rnk 1 / 186

About

Guyana-Venezuela In 2022, Guyana exported $97.3M to Venezuela. The main products that Guyana exported to Venezuela are Rice ($95.3M) and Aluminium Ore ($1.99M). During the last 27 years the exports of Guyana to Venezuela have increased at an annualized rate of 16.3%, from $1.65M in 1995 to $97.3M in 2022.

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

Venezuela-Guyana In 2022, Venezuela exported $28.9M to Guyana. The main products that Venezuela exported to Guyana were Refined Petroleum ($16.3M), Nitrogenous Fertilizers ($12.2M), and Cement ($215k). During the last 27 years the exports of Venezuela to Guyana have increased at an annualized rate of 5.03%, from $7.69M in 1995 to $28.9M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guyana exported $97.3M to Venezuela. The main products exported from Guyana to Venezuela were Rice ($95.3M) and Aluminium Ore ($1.99M). During the last 27 years the exports of Guyana to Venezuela have increased at an annualized rate of 16.3%, from $1.65M in 1995 to $97.3M in 2022.

In 2022, Venezuela exported $28.9M to Guyana. The main products exported from Venezuela to Guyana were Refined Petroleum ($16.3M), Nitrogenous Fertilizers ($12.2M), and Cement ($215k). During the last 27 years the exports of Venezuela to Guyana have increased at an annualized rate of 5.03%, from $7.69M in 1995 to $28.9M in 2022.

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

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

Latest Data

Trade between Guyana (Flag) and Venezuela (Flag)

Guyana Exports

Market Competitiveness

Color
Guyana
Top DestinationPanama$5.84B
Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Guyana than Venezuela were Panama ($5.84B), Netherlands ($2.86B), and United States ($2.37B).

In 2021, countries that imported more from Venezuela than Guyana were Turkey ($597M), India ($228M), and Lebanon ($150M).

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

Comparative Advantage Guyana - Venezuela

Flow
Scale

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

During 2022, Guyana had a large net trade with Venezuela in the exports of Vegetable Products ($95.3M) and Mineral Products ($1.99M).

During 2022, Venezuela had a large net trade with Guyana in the exports of Mineral Products ($16.5M), Chemical Products ($12.2M), and Vegetable Products ($61.7k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Guyana has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Guyana.

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

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