2022
Exports | Imports
$26.5M | $52.1MWorld Rnk 63 / 221
Flag Rnk 10 / 656
World Rnk 97 / 224
Flag Rnk 10 / 1079
2022
PRODUCT COMPLEXITY IN Excavation Machinery
1.1Rnk 137 / 1025

About

Exports In 2022, Guyana exported $26.5M in Excavation Machinery, making it the 63rd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 10th most exported product in Guyana. The main destination of Excavation Machinery exports from Guyana are: United States ($19.8M), Suriname ($2.27M), Mexico ($1.67M), Belize ($648k), and Italy ($602k).

The fastest growing export markets for Excavation Machinery of Guyana between 2021 and 2022 were United States ($14.6M), Suriname ($2.26M), and Mexico ($1.62M).

Imports In 2022, Guyana imported $52.1M in Excavation Machinery, becoming the 97th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 10th most imported product in Guyana. Guyana imports Excavation Machinery primarily from: United States ($20.2M), Singapore ($13.3M), China ($5.62M), South Korea ($3.57M), and Suriname ($1.55M).

The fastest growing import markets in Excavation Machinery for Guyana between 2021 and 2022 were Singapore ($11M), Suriname ($1.42M), and Canada ($795k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Excavation Machinery from Guyana to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.5M
IMPORTS (2022)$52.1M
NET TRADE (2022)-$25.6M

In 2022, Guyana exported $26.5M in Excavation Machinery. The main destinations of Guyana exports on Excavation Machinery were United States ($19.8M), Suriname ($2.27M), Mexico ($1.67M), Belize ($648k), and Italy ($602k).

In 2022, Guyana imported $52.1M in Excavation Machinery, mainly from United States ($20.2M), Singapore ($13.3M), China ($5.62M), South Korea ($3.57M), and Suriname ($1.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Guyana WERE (2021 - 2022):
United States$14.6M (283%)
Suriname$2.26M (12.7k%)
Mexico$1.62M (3.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Guyana WERE (2021 - 2022):
United Arab Emirates-$131k (-78.2%)
Australia-$99.2k (-100%)
United Kingdom-$72.7k (-16.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guyana's main exporting competitors in Excavation Machinery were:
In 2022, Guyana's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

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