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Overview In 2022 Guam was the number 208 economy in the world in terms of total exports and the number 178 in total imports.

Exports The top exports of Guam are Refined Petroleum ($8.67M), Scrap Iron ($5.25M), Scrap Copper ($2.14M), Trunks and Cases ($1.48M), and Aircraft Parts ($747k), exporting mostly to Singapore ($8.42M), Chinese Taipei ($5.62M), South Korea ($3.9M), Philippines ($3.19M), and Hong Kong ($2.15M).

Imports The top imports of Guam are Refined Petroleum ($853M), Cars ($76.6M), Raw Iron Bars ($27.5M), Electric Generating Sets ($26M), and Trunks and Cases ($15.5M), importing mostly from South Korea ($469M), Singapore ($444M), Japan ($147M), Chinese Taipei ($35.3M), and Hong Kong ($32.5M).

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 (2022)Refined Petroleum$8.67M
Top Destination (2022)Singapore$8.42M

In 2022, Guam exported a total of $27.7M, making it the number 208 exporter in the world. During the last five reported years the exports of Guam have changed by $1.29M from $26.4M in 2017 to $27.7M in 2022.

The most recent exports are led by Refined Petroleum ($8.67M), Scrap Iron ($5.25M), Scrap Copper ($2.14M), Trunks and Cases ($1.48M), and Aircraft Parts ($747k). The most common destination for the exports of Guam are Singapore ($8.42M), Chinese Taipei ($5.62M), South Korea ($3.9M), Philippines ($3.19M), and Hong Kong ($2.15M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
Singapore$8.2M (+ 3.7k%)
United Kingdom$864k (+ 6.64k%)
France$613k (+ 274%)
Fastest Growing Import Markets (2021 - 2022)
South Korea$365M (+ 353%)
Sweden$22.2M (+ 599%)
Malaysia$20.6M (+ 653%)

Total Export Growth by Market (2021 - 2022)

Economic Complexity

Most Specialized Products by RCA Index

Guam has a high level of specialization in Aluminium Powder (155), Scrap Iron (85.7), Cutting Blades (61), Scrap Copper (56.9), and Coconut Oil (46.9). 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

Export Opportunities by Relatedness

The top export opportunities for Guam according to the relatedness index, were Hard Liquor (0.078), Collector's Items (0.077), Revenue Stamps (0.075), Scrap Lead (0.074), and Non-fillet Fresh Fish (0.073). 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.

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.

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