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.
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).
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.
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.
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.