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2022
Flag → Flag
Exports $46.2MRnk 134 / 220
2022
Flag → Flag
Top Product $24MLarge Construction Vehicles
2022
Flag → Flag
Exports $770kRnk 58 / 139
2022
Flag → Flag
Top Product $381kScrap Copper
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$18,990CURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP PC GROWTH248%CURRENT US$
Rnk 1 / 186

About

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.

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.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $2.96M and imported $0 from Guyana, resulting in a positive trade balance of $2.96M. Between September 2023 and September 2024 the exports of South Korea have increased by $1.12M (60.6%) from $1.84M to $2.96M, while imports decreased by $-1k (-100%) from $1k to $0.

Trade In September 2024, the top exports of South Korea to Guyana were Machinery, mechanical appliances, & parts ($3.01M), Iron & steel ($235k), Plastics & articles thereof ($184k), Cars, tractors, trucks & parts thereof. ($171k), and Electrical machinery and electronics ($163k). In September 2024 the top imports of South Korea from Guyana were Preparations of cereals, flour, starch or... ($0), Miscellaneous edible preparations ($0), Beverages, spirits, & vinegar ($0), Mineral fuels, mineral oils and products... ($0), and Organic chemicals ($0).

Growth In September 2024, the increase in South Korea's year-by-year exports to Guyana was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($1.95M or 183%), Cars, tractors, trucks & parts thereof. ($163k or 2.04k%), and Electrical machinery and electronics ($120k or 279%). In September 2024, the decrease in South Korea's year-by-year imports  from Guyana was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$1.12M(60.6%)
IMPORT GROWTH (September 2023 - September 2024)$-1k(-100%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Guyana and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guyana and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $46.2M in 2022.

In 2017, 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 2022 to $770k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Guyana
Top DestinationPanama$5.84B

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

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

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

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

Comparative Advantage South Korea - Guyana

Flow
Scale

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

During 2022, South Korea had a large net trade with Guyana in the exports of Machines ($36M), Transportation ($3.5M), and Chemical Products ($3.08M).

During 2017, Guyana had a large net trade with South Korea in the exports of Metals ($626k), Chemical Products ($85.2k), and Mineral Products ($35k).

Economic Complexity

Competitive Landscape

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

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

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