2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH
312%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$20,765CURRENT US$
Rnk 63 / 196
2013-2023
Flag
GDP PC GROWTH
274%CURRENT US$
Rnk 1 / 195

About

Ecuador-Guyana Trade: In 2023, Ecuador exported $2.13M to Guyana. The main products that Ecuador exported to Guyana were Refined Petroleum ($767k), Liquid Pumps ($712k), and Iron Stovetops ($255k). Over the past 5 years the exports of Ecuador to Guyana have increased at an annualized rate of 67.2%, from $163k in 2018 to $2.13M in 2023.

In 2023, Ecuador did not export any services to Guyana.

Guyana-Ecuador Trade: In 2023, Guyana exported $885k to Ecuador. The main products that Guyana exported to Ecuador were Aluminium Ore ($777k), Railway Cargo Containers ($67.5k), and Excavation Machinery ($7.32k). Over the past 5 years the exports of Guyana to Ecuador have decreased at an annualized rate of 13.4%,  from $1.82M in 2018 to $885k in 2023.

In 2023, Guyana did not export any services to Ecuador.

Comparison In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85),  and 65 in total exports ($37.3B). That same year, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $2.13M to Guyana. The main products exported from Ecuador to Guyana were Refined Petroleum ($767k), Liquid Pumps ($712k), and Iron Stovetops ($255k). During the last 5 years the exports of Ecuador to Guyana have increased at an annualized rate of 67.2%, from $163k in 2018 to $2.13M in 2023.

In 2018, Guyana exported $885k to Ecuador. The main products exported from Guyana to Ecuador were Aluminium Ore ($777k), Railway Cargo Containers ($67.5k), and Excavation Machinery ($7.32k). During the last 5 years the exports of Guyana to Ecuador have decreased at an annualized rate of 13.4%, from $1.82M in 2023 to $885k in 2018.

Exports from Ecuador (Flag) to Guyana (Flag) (2023)

Exports from Guyana (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Guyana
Top Destination
United States$3.51B

This map shows whether countries import more from Ecuador or Guyana. Each country is colored based on the difference in imports they receive from Ecuador and Guyana or the difference in the growth in imports.

In 2023, countries that imported more from Ecuador than Guyana included China ($7.96B), United States ($8.34B), and Panama ($4.38B).

In 2023, countries that imported more from Guyana than Ecuador included Trinidad and Tobago ($1.9B), Singapore ($1.66B), and Netherlands ($1.82B).

Difference in imports from Guyana (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Guyana

Flow
Scale

This chart compares trade between Ecuador and Guyana by product, considering products traded by both, Ecuador and Guyana.

During 2023, Ecuador had a large net trade with Guyana in the exports of Machines ($779k), Mineral Products ($767k), and Metals ($260k).

During 2018, Guyana had a large net trade with Ecuador in the exports of Mineral Products ($777k), Transportation ($67.5k), and Machines ($21.3k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Guyana. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Guyana. Similarly, a dot/product with the flag of Guyana indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Guyana (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with