Guyana (GUY) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Guyana-Armenia Trade: In 2023, Guyana exported $1.4k to Armenia. The main products that Guyana exported to Armenia were Hard Liquor ($1.24k), Other Processed Fruits and Nuts ($157), and Vaccines, blood, antisera, toxins and cultures ($1). Over the past 7 years the exports of Guyana to Armenia have increased at an annualized rate of 11.9%, from $636 in 2016 to $1.4k in 2023.

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

Armenia-Guyana In N/A, Armenia did not export any products to Guyana.

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

Comparison In 2023, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guyana exported $1.4k to Armenia. The main products exported from Guyana to Armenia were Hard Liquor ($1.24k), Other Processed Fruits and Nuts ($157), and Vaccines, blood, antisera, toxins and cultures ($1). During the last 7 years the exports of Guyana to Armenia have increased at an annualized rate of 11.9%, from $636 in 2016 to $1.4k in 2023.

Armenia does not register exports to Guyana.

Exports from Guyana () to Armenia () (2023)

Exports from Armenia () to Guyana () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guyana
Top DestinationUnited States$3.51B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Guyana than Armenia included United States ($3.51B), Trinidad and Tobago ($1.9B), and Singapore ($1.66B).

In 2023, countries that imported more from Armenia than Guyana included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

Difference in imports from Armenia () and Guyana () (2023)

Comparative Advantage Guyana - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guyana had a large net trade with Armenia in the exports of Foodstuffs ($1.39k), Chemical Products ($1), and Plastics and Rubbers ($1).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Guyana () to Armenia () (2023)

Exports from Armenia () to Guyana () (2023)

Market Competitiveness

Difference in imports from Armenia () and Guyana () (2023)

Comparative Advantage Guyana - Armenia

Economic Complexity

Competitive Landscape

Product Space of Guyana () and Armenia () (2023)

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