Overview In 2020 Guyana was the number 130 economy in the world in terms of total exports and the number 154 in total imports.

Exports The top exports of Guyana are Crude Petroleum ($1.17B), Gold ($657M), Rice ($270M), Railway Cargo Containers ($220M), and Packaged Medicaments ($103M), exporting mostly to United States ($781M), Canada ($387M), Trinidad and Tobago ($282M), Jamaica ($180M), and United Arab Emirates ($179M).

Imports The top imports of Guyana are Special Purpose Ships ($422M), Refined Petroleum ($239M), Excavation Machinery ($73.4M), Large Construction Vehicles ($62.4M), and Cement ($59.3M), importing mostly from United States ($663M), Portugal ($407M), Trinidad and Tobago ($272M), China ($272M), and United Kingdom ($110M).

Location Guyana borders Brazil, Suriname, and Venezuela by land and Trinidad and Tobago by sea.

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

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

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

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

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

Historical Data

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Top Export (2020): Crude Petroleum, $1.17B

Top Destination (2020): United States, $663M

In 2020, Guyana exported a total of $2.99B, making it the number 130 exporter in the world. During the last five reported years the exports of Guyana have changed by $1.65B from $1.33B in 2015 to $2.99B in 2020.

The most recent exports are led by Crude Petroleum ($1.17B), Gold ($657M), Rice ($270M), Railway Cargo Containers ($220M), and Packaged Medicaments ($103M). The most common destination for the exports of Guyana are United States ($781M), Canada ($387M), Trinidad and Tobago ($282M), Jamaica ($180M), and United Arab Emirates ($179M).

Explore Visualizations

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Guyana Exports Services (2019): $238M

Guyana Imports Services (2019): $1.41B

In 2019, Guyana exported $238M worth of services. The top services exported by Guyana in 2019 were Other business services ($173M), Personal travel ($27.1M), Financial services ($14.3M), Government services, n.i.e. ($12.7M), and Insurance services ($6.59M).

The top services imported by Guyana in 2019 were Other business services ($868M), Transportation ($430M), Personal travel ($46.8M), Insurance services ($30.3M), and Financial services ($18.7M).

Economic Complexity

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Most Specialized Products by RCA Index

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Guyana has a high level of specialization in Railway Cargo Containers (301), Aluminium Ore (98.2), Rice (56.5), Clays (34.4), and Special Purpose Ships (20.9). Specialization is measured using RCA, an index that takes the ratio between Guyana observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Guyana according to the relatedness index, are Cocoa Beans (0.067), Fish Fillets (0.059), Fish oil (0.057), Petroleum Gas (0.057), and Animal Meal and Pellets (0.056). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Guyana 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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Guyana. These are products that tend to be co-exported with the products that Guyana 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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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.