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

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 3.31%, from $42.1M in 2017 to $49.6M in 2022.

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

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.

Comparison In 2022,  Panama ranked 56 in the Economic Complexity Index (ECI 0.17),  and 119 in total exports ($6.62B). That same year, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 3.31%, from $42.1M in 2017 to $49.6M in 2022.

In 2017, 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 2022 to $5.84B in 2017.

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

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

Latest Data

Trade between Panama (Flag) and Guyana (Flag)

Panama Exports

Guyana Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Panama - Guyana

Flow
Scale

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

During 2022, Panama had a large net trade with Guyana in the exports of Chemical Products ($9.3M), Machines ($9.26M), and Animal Products ($6.12M).

During 2017, Guyana had a large net trade with Panama in the exports of Mineral Products ($5.84B), Vegetable Products ($120k), and Metals ($91.1k).

Economic Complexity

Competitive Landscape

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

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

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