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2023
Flag → Flag
Exports $18.1MRnk 26 / 122
2023
Flag → Flag
Top Product $16.9MRefined Petroleum
2023
Flag → Flag
Exports $49.4MRnk 30 / 147
2023
Flag → Flag
Top Product $49.4MRice
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag
 GDP$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC$20,765CURRENT US$
Rnk 63 / 196
2013-2023
Flag
GDP PC GROWTH274%CURRENT US$
Rnk 1 / 195

About

Venezuela-Guyana Trade: In 2023, Venezuela exported $18.1M to Guyana. The main products that Venezuela exported to Guyana were Refined Petroleum ($16.9M), Gravel and Crushed Stone ($363k), and Cars ($265k). Over the past 5 years the exports of Venezuela to Guyana have increased at an annualized rate of 43.7%, from $2.96M in 2018 to $18.1M in 2023.

In 2023, Venezuela did not export any services to Guyana.

Guyana-Venezuela Trade: In 2023, Guyana exported $49.4M to Venezuela. The main products that Guyana exported to Venezuela were Rice ($49.4M), Other Animals ($175), and Rubber Footwear ($50). Over the past 5 years the exports of Guyana to Venezuela have increased at an annualized rate of 44.1%,  from $5.52M in 2018 to $49.4M in 2023.

In 2023, Guyana did not export any services to Venezuela.

Comparison In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82),  and 113 in total exports ($7.63B). That same year, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Venezuela exported $18.1M to Guyana. The main products exported from Venezuela to Guyana were Refined Petroleum ($16.9M), Gravel and Crushed Stone ($363k), and Cars ($265k). During the last 5 years the exports of Venezuela to Guyana have increased at an annualized rate of 43.7%, from $2.96M in 2018 to $18.1M in 2023.

In 2018, Guyana exported $49.4M to Venezuela. The main products exported from Guyana to Venezuela were Rice ($49.4M), Other Animals ($175), and Rubber Footwear ($50). During the last 5 years the exports of Guyana to Venezuela have increased at an annualized rate of 44.1%, from $5.52M in 2023 to $49.4M in 2018.

Exports from Venezuela (Flag) to Guyana (Flag) (2023)

Exports from Guyana (Flag) to Venezuela (Flag) (2023)

Latest Data

Trade between Venezuela (Flag) and Guyana (Flag)

Guyana Exports

Market Competitiveness

Color
Venezuela
Top DestinationUnited States$3.81B
Guyana
Top DestinationUnited States$3.51B

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

In 2023, countries that imported more from Venezuela than Guyana included Turkey ($364M), China ($739M), and United States ($3.81B).

In 2023, countries that imported more from Guyana than Venezuela included Trinidad and Tobago ($1.9B), Singapore ($1.66B), and Netherlands ($1.82B).

Difference in imports from Guyana (Flag) and Venezuela (Flag) (2023)

Comparative Advantage Venezuela - Guyana

Flow
Scale

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

During 2023, Venezuela had a large net trade with Guyana in the exports of Mineral Products ($17.4M), Transportation ($343k), and Instruments ($258k).

During 2018, Guyana had a large net trade with Venezuela in the exports of Vegetable Products ($49.4M), Animal Products ($175), and Footwear and Headwear ($50).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Guyana (Flag) (2023)

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