Flag Guam

Product Exports (2018): $28.6M, Rank 204 of 222

Exports Per Capita (2018): $172, Rank 215 of 219

Product Imports (2018): $1.1B, Rank 170 of 221

Imports Per Capita (2018): $6.63k, Rank 168 of 219

GDP (2018): $5.92B, CURRENT US$
Rank 150 of 196

GDP growth (2008 - 2018): 28.1%, CURRENT US$
Rank 117 of 196

GDP PC (2018): $35,713, CURRENT US$
Rank 28 of 196

GDP PC GROWTH (2008 - 2018): 22.9%, CURRENT US$
Rank 99 of 196

Overview: This page contains the latest international trade data for Guam. In 2018 Guam was the number 150 economy in the world in terms of GDP (current US$), the number 204 in total exports, and the number 170 in total imports. In 2018, Guam exported $28.6M and imported $1.1B, resulting in a negative trade balance of -$1.07B. In 2018, Guam's exports per capita were $172 and its imports per capita were $6.63k.

Trade: The top exports of Guam are Scrap Iron ($5.11M), Beauty Products ($3.97M), Scrap Copper ($2.22M), Precious Metal Watches ($1.62M), and Packaged Medicaments ($1.1M). The top imports of Guam are Refined Petroleum ($615M), Trunks and Cases ($81.7M), Cars ($60.6M), Planes, Helicopters, and/or Spacecraft ($36.8M), and Base Metal Watches ($24.2M).

Destinations: Guam exports mostly to Palau ($7.05M), Hong Kong ($6.37M), Chinese Taipei ($5.8M), South Korea ($3.18M), and Philippines ($1.81M), and imports mostly from Singapore ($357M), Japan ($254M), South Korea ($188M), Hong Kong ($99.3M), and Chinese Taipei ($67.6M).

Yearly Exports

#permalink to section
Value
Depth

Top Export (2018): Scrap Iron, $5.11M

Top Destination (2018): Palau, $7.05M

In 2018 Guam exported a total of $28.6M, making it the number 204 exporter in the world. During the last five reported years the exports of Guam have changed by -$47.7M from $76.3M in 2013 to $28.6M in 2018.

The most recent exports are led by Scrap Iron ($5.11M), Beauty Products ($3.97M), Scrap Copper ($2.22M), Precious Metal Watches ($1.62M), and Packaged Medicaments ($1.1M). The most common destination for the exports of Guam are Palau ($7.05M), Hong Kong ($6.37M), Chinese Taipei ($5.8M), South Korea ($3.18M), and Philippines ($1.81M).

Explore Visualizations

Yearly Imports

#permalink to section
Value
Depth

Top Import (2018): Refined Petroleum, $615M

Top Origin (2018): Singapore, $357M

In 2018 Guam imported $1.1B, making it the number 170 trade destination in the world. During the last five reported years the imports of Guam changed by $198M from $901M in 2013 to $1.1B in 2018.

The most recent imports of Guam are led by Refined Petroleum ($615M), Trunks and Cases ($81.7M), Cars ($60.6M), Planes, Helicopters, and/or Spacecraft ($36.8M), and Base Metal Watches ($24.2M). The most common import partners for Guam are Singapore ($357M), Japan ($254M), South Korea ($188M), Hong Kong ($99.3M), and Chinese Taipei ($67.6M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Trade Forecasts

#permalink to section

This section shows forecasts for total product exports and imports for Guam. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Guam has a high level of specialization in Nutmeg, mace and cardamons (121), Scrap Iron (78.9), Precious Metal Watches (77.8), Soups and Broths (72.4), and Scrap Copper (62.5). Specialization is measured using RCA, an index that takes the ratio between Guam observed and expected exports in each product.

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Guam according to the product complexity index (PCI) are Gaskets and similar joints of metal sheet (1.86), Equipment using X-rays, alpha, beta, gamma rays (1.8), Drawing, mathematical, length measuring instruments (1.57), Domestic appliances, incorporating electric motor (1.08), and Breathing appliances and gas masks (0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Guam according to the relatedness index, are Collector's Items (0.14), Scrap Lead (0.14), Other Floating Structures (0.13), Gold (0.13), and Scrap Plastic (0.13). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Guam is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

#permalink to section
Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.