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2023
Flag → Flag
Exports $44.7MRnk 109 / 142
2023
Flag → Flag
Top Product $21.1MLarge Construction Vehicles
2023
Flag → Flag
Exports $17.3kRnk 108 / 147
2023
Flag → Flag
Top Product $15.4kSalt
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$20,765CURRENT US$
Rnk 63 / 196
2013-2023
Flag
GDP PC GROWTH274%CURRENT US$
Rnk 1 / 195

About

South Korea-Guyana Trade: In 2023, South Korea exported $44.7M to Guyana. The main products that South Korea exported to Guyana were Large Construction Vehicles ($21.1M), Excavation Machinery ($5.48M), and Coated Flat-Rolled Iron ($3.09M). Over the past 5 years the exports of South Korea to Guyana have increased at an annualized rate of 6.53%, from $32.6M in 2018 to $44.7M in 2023.

In 2023, South Korea did not export any services to Guyana.

Guyana-South Korea Trade: In 2023, Guyana exported $17.3k to South Korea. The main products that Guyana exported to South Korea were Salt ($15.4k), Other Animals ($1.85k), and Railway Cargo Containers ($53). Over the past 5 years the exports of Guyana to South Korea have decreased at an annualized rate of 56.6%,  from $1.12M in 2018 to $17.3k in 2023.

In 2023, Guyana did not export any services to South Korea.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $2.68M and imported $0 from Guyana, resulting in a positive trade balance of $2.68M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-498k (-15.7%) from $3.18M to $2.68M, while imports decreased by $-11k (-100%) from $11k to $0.

Trade In December 2024, the top exports of South Korea to Guyana were Machinery, mechanical appliances, & parts ($1.54M), Plastics & articles thereof ($139k), Cars, tractors, trucks & parts thereof. ($121k), Beverages, spirits, & vinegar ($81k), and Mineral fuels, mineral oils and products... ($60k). In December 2024 the top imports of South Korea from Guyana were Beverages, spirits, & vinegar ($0), Mineral fuels, mineral oils and products... ($0), Perfumery & cosmetics ($0), Soap, cleaners, candles, dental, modelling pastes ($0), and Chemical products n.e.s. ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Guyana was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-1.48M or -48.9%), Electrical machinery and electronics ($-163k or -100%), and Rubber & articles thereof ($-60k or -80%). In December 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 (December 2023 - December 2024)$-498k(-15.7%)
IMPORT GROWTH (December 2023 - December 2024)$-11k(-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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $44.7M to Guyana. The main products exported from South Korea to Guyana were Large Construction Vehicles ($21.1M), Excavation Machinery ($5.48M), and Coated Flat-Rolled Iron ($3.09M). During the last 5 years the exports of South Korea to Guyana have increased at an annualized rate of 6.53%, from $32.6M in 2018 to $44.7M in 2023.

In 2018, Guyana exported $17.3k to South Korea. The main products exported from Guyana to South Korea were Salt ($15.4k), Other Animals ($1.85k), and Railway Cargo Containers ($53). During the last 5 years the exports of Guyana to South Korea have decreased at an annualized rate of 56.6%, from $1.12M in 2023 to $17.3k in 2018.

Exports from South Korea (Flag) to Guyana (Flag) (2023)

Exports from Guyana (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Guyana
Top DestinationUnited States$3.51B

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 2023, countries that imported more from South Korea than Guyana included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Guyana than South Korea included Trinidad and Tobago ($1.9B), Panama ($519M), and Suriname ($170M).

Difference in imports from Guyana (Flag) and South Korea (Flag) (2023)

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 2023, South Korea had a large net trade with Guyana in the exports of Machines ($33.6M), Metals ($3.57M), and Transportation ($2.2M).

During 2018, Guyana had a large net trade with South Korea in the exports of Mineral Products ($15.4k), Animal Products ($1.85k), and Transportation ($53).

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) (2023)

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