Iceland (ISL) and Guyana (GUY) Trade | The Observatory of Economic Complexity

About

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 5 years the exports of Iceland to Guyana have decreased at an annualized rate of 60.2%, from $298k in 2017 to $2.99k in 2022.

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

Guyana-Iceland In N/A, Guyana did not export any products to Iceland.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $2.99k in 2022.

Guyana does not register exports to Iceland. The main products exported from Guyana to Iceland were Sawn Wood ($337k), Grapes ($2.12k), and Pitted Fruits ($1.67k).

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Guyana
Top DestinationPanama$5.84B

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

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

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

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

Comparative Advantage Iceland - Guyana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Guyana in the exports of Instruments ($1.26k), Machines ($745), and Transportation ($460).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Iceland - Guyana

Economic Complexity

Competitive Landscape

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

Keep Exploring