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2023
Product
Exports | Imports $13M | $907M216 of 226 |  185 of 226
2023
Per Capita Product
Exports | Imports $78.3 | $5.45k218 of 220 |  92 of 220

About

Overview In 2023 Guam was the number 216 economy in the world in terms of total exports and the number 185 in total imports.

Exports The top exports of Guam are Scrap Iron ($3.44M), Scrap Copper ($1.69M), Trunks and Cases ($1.11M), Gas Turbines ($530k), and Tug Boats ($477k), exporting mostly to Chinese Taipei ($5.53M), Hong Kong ($1.62M), Philippines ($1.47M), Italy ($985k), and Australia ($748k).

Imports The top imports of Guam are Refined Petroleum ($558M), Cars ($77M), Trunks and Cases ($25.8M), Gas Turbines ($11.8M), and Flavored Water ($10.9M), importing mostly from Singapore ($475M), Japan ($137M), Malaysia ($52.1M), Chinese Taipei ($36.6M), and Greece ($33.7M).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Guam.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Scrap Iron$3.44M
Top Destination (2023)Chinese Taipei$5.53M

In 2023, Guam exported a total of $13M, making it the number 216 exporter in the world. During the last five reported years the exports of Guam have changed by -$16.2M from $29.2M in 2018 to $13M in 2023.

The most recent exports are led by Scrap Iron ($3.44M), Scrap Copper ($1.69M), Trunks and Cases ($1.11M), Gas Turbines ($530k), and Tug Boats ($477k). The most common destination for the exports of Guam are Chinese Taipei ($5.53M), Hong Kong ($1.62M), Philippines ($1.47M), Italy ($985k), and Australia ($748k).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Australia$614k (+ 459%)
Italy$507k (+ 106%)
Malaysia$269k (+ 107%)
Fastest Growing Import Markets (2022 - 2023)
Greece$33.5M (+ 14.9k%)
Singapore$30.8M (+ 6.93%)
Malaysia$28.4M (+ 119%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Guam has a high level of specialization in Aluminium Powder (478), Tug Boats (214), Scrap Iron (129), Scrap Copper (89.6), and Vending Machines (76.6). 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

The highest complexity exports of Guam according to the product complexity index (PCI) are Silicones in primary forms (1.56), Machine-tools; (including presses) for working metal by forging, hammering or die-stamping, for... (1.53), Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats... (1.35), Instruments, apparatus for measuring or checking the flow, level, pressure of liquids,... (1.27), and Machines and appliances, instruments or apparatus of chapter 90; parts and accessories... (1.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Guam according to the relatedness index, were Knit Women's Shirts (0.1), Knit Women's Suits (0.099), Non-Knit Women's Shirts (0.098), Felt or Coated Fabric Garments (0.097), and Non-Knit Women's Suits (0.097). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Guam is not specialized in.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Guam. These are products that tend to be co-exported with the products that Guam exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

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