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Overview In 2021 Guyana was the number 122 economy in the world in terms of total exports and the number 141 in total imports.

Exports The top exports of Guyana are Crude Petroleum ($3.54B), Gold ($534M), Rice ($223M), Railway Cargo Containers ($160M), and Aluminium Ore ($112M), exporting mostly to United States ($1.94B), Singapore ($701M), United Arab Emirates ($294M), United Kingdom ($292M), and Barbados ($283M).

Imports The top imports of Guyana are Special Purpose Ships ($1.62B), Refined Petroleum ($588M), Valves ($103M), Large Construction Vehicles ($97.2M), and Cars ($77.8M), importing mostly from Singapore ($1.63B), United States ($911M), Trinidad and Tobago ($580M), China ($389M), and Brazil ($116M).

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

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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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.

Subscribe today to OEC pro and access the latest data

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Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Crude Petroleum$3.54B
Top Destination (2021)United States$1.94B

In 2021, Guyana exported a total of $4.89B, making it the number 122 exporter in the world. During the last five reported years the exports of Guyana have changed by $3.19B from $1.7B in 2016 to $4.89B in 2021.

The most recent exports are led by Crude Petroleum ($3.54B), Gold ($534M), Rice ($223M), Railway Cargo Containers ($160M), and Aluminium Ore ($112M). The most common destination for the exports of Guyana are United States ($1.94B), Singapore ($701M), United Arab Emirates ($294M), United Kingdom ($292M), and Barbados ($283M).

Explore Visualizations

Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
United States$1.17B (+ 150%)
Singapore$575M (+ 456%)
United Kingdom$195M (+ 201%)
Fastest Growing Import Markets (2020 - 2021)
Singapore$1.62B (+ 12.3k%)
United States$232M (+ 34.2%)
China$114M (+ 41.3%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

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).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Most Specialized Products by RCA Index

Guyana has a high level of specialization in Aluminium Ore (83.3), Railway Cargo Containers (79.4), Rice (33.9), Crude Petroleum (16), and Sand (9.36). Specialization is measured using RCA, an index that takes the ratio between Guyana observed and expected exports in each product.

Most Complex Products by PCI

Export Opportunities by Relatedness

The top export opportunities for Guyana according to the relatedness index, were Cocoa Beans (0.052), Collector's Items (0.043), Other Oily Seeds (0.043), Petroleum Gas (0.043), and Fish Fillets (0.042). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Guyana 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 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.

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