United States (USA) and Guyana (GUY) Trade | The Observatory of Economic Complexity

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Pricing

United States (USA) and Guyana (GUY) Trade

2022

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Exports $1.04BRnk 79 / 219

2022

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About

United States-Guyana In 2022, United States exported $1.04B to Guyana. The main products that United States exported to Guyana are Refined Petroleum ($170M), Machinery Having Individual Functions ($56.4M), and Valves ($48.6M). During the last 27 years the exports of United States to Guyana have increased at an annualized rate of 7.95%, from $132M in 1995 to $1.04B in 2022.

In 2022, United States did not export any services to Guyana.

Guyana-United States In 2022, Guyana exported $2.37B to United States. The main products that Guyana exported to United States were Crude Petroleum ($2.09B), Aluminium Ore ($71.7M), and Gold ($28.8M). During the last 27 years the exports of Guyana to United States have increased at an annualized rate of 11.5%, from $126M in 1995 to $2.37B in 2022.

In 2022, Guyana did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

COMPANIES In 2023, leading companies such as CONTINENTAL AUTOMOTIVE SYSTEMS, INC (14) were at the forefront of exporting goods from Guyana to the United States. Conversely, METAS METALL & ANLAGENBAU GMBH (14) were notable for importing Guyana products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $93.7M and imported $455M from Guyana, resulting in a negative trade balance of $362M. Between January 2023 and January 2024 the exports of United States have decreased by $-39M (-29.4%) from $133M to $93.7M, while imports increased by $230M (102%) from $225M to $455M.

Trade In January 2024, the top exports of United States to Guyana were Refined Petroleum ($35.5M), Centrifuges ($18M), Machinery Having Individual Functions ($7.09M), Oil Seed Flower ($6.74M), and Excavation Machinery ($6.11M). In January 2024 the top imports of United States from Guyana were Crude Petroleum ($163M), Commodities not elsewhere specified ($49.2M), Aluminium Ore ($6.13M), Gold ($2.87M), and Non-fillet Frozen Fish ($724k).

Origins In January 2024 the exports of United States were mainly from Texas ($42.4M), Florida ($21.5M), US Virgin Islands ($7.9M), Georgia ($3.43M), and Louisiana ($3.38M), while imports destinations were mainly California ($274M), Louisiana ($80.9M), Pennsylvania ($53.4M), Delaware ($14.3M), and New Jersey ($14.2M).

Growth In January 2024, the decrease in United States's year-by-year exports to Guyana was explained primarily by an decrease in product exports in Iron Pipes ($-2.69M or -72.9%), Other Construction Vehicles ($-1.1M or -63.5%), and Large Construction Vehicles ($-832k or -80.2%). In January 2024, the increase in United States's year-by-year imports from Guyana was explained primarily by an increase in product imports in Commodities not elsewhere specified ($42.9M or 676%), Gold ($1.48M or 106%), and Aluminium Ore ($763k or 14.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-39M(-29.4%)

IMPORT GROWTH (January 2023 - January 2024)$230M(102%)

MAIN EXPORTER (January 2024)Texas$42.4M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Guyana and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $1.04B to Guyana. The main products exported from United States to Guyana were Refined Petroleum ($170M), Machinery Having Individual Functions ($56.4M), and Valves ($48.6M). During the last 27 years the exports of United States to Guyana have increased at an annualized rate of 7.95%, from $132M in 1995 to $1.04B in 2022.

In 2022, Guyana exported $2.37B to United States. The main products exported from Guyana to United States were Crude Petroleum ($2.09B), Aluminium Ore ($71.7M), and Gold ($28.8M). During the last 27 years the exports of Guyana to United States have increased at an annualized rate of 11.5%, from $126M in 1995 to $2.37B in 2022.

Exports from United States () to Guyana () (2022)

Exports from Guyana () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Guyana
Top DestinationPanama$5.84B

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

In 2021, countries that imported more from United States than Guyana were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Guyana than United States were Saint Barthélemy ($1.22M).

Difference in imports from Guyana () and United States () (2022)

Comparative Advantage United States - Guyana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Guyana in the exports of Machines ($367M), Mineral Products ($174M), and Metals ($84.3M).

During 2022, Guyana had a large net trade with United States in the exports of Mineral Products ($2.16B), Animal Products ($46.1M), and Foodstuffs ($44.8M).

Economic Complexity

Competitive Landscape

Year

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 United States has comparative advantage over Guyana. Similarly, the more yellow a dot/product is, the more Guyana has comparative advantage over United States.

Product Space of United States () and Guyana () (2022)

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