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2023
Flag → Flag
Exports $302MRnk 16 / 147
2023
Flag → Flag
Top Product $292MCrude Petroleum
2023
Flag → Flag
Exports $63MRnk 131 / 219
2023
Flag → Flag
Top Product $15.5MIron Pipes
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC $20,765CURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP PC GROWTH274%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Guyana-Italy Trade: In 2023, Guyana exported $302M to Italy. The main products that Guyana exported to Italy were Crude Petroleum ($292M), Aluminium Ore ($4.9M), and Rice ($3.55M). Over the past 5 years the exports of Guyana to Italy have increased at an annualized rate of 79.8%, from $16.1M in 2018 to $302M in 2023.

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

Italy-Guyana Trade: In 2023, Italy exported $63M to Guyana. The main products that Italy exported to Guyana were Iron Pipes ($15.5M), Iron Pipe Fittings ($14.8M), and Refined Petroleum ($12.5M). Over the past 5 years the exports of Italy to Guyana have increased at an annualized rate of 41.7%,  from $11M in 2018 to $63M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guyana exported $302M to Italy. The main products exported from Guyana to Italy were Crude Petroleum ($292M), Aluminium Ore ($4.9M), and Rice ($3.55M). During the last 5 years the exports of Guyana to Italy have increased at an annualized rate of 79.8%, from $16.1M in 2018 to $302M in 2023.

In 2018, Italy exported $63M to Guyana. The main products exported from Italy to Guyana were Iron Pipes ($15.5M), Iron Pipe Fittings ($14.8M), and Refined Petroleum ($12.5M). During the last 5 years the exports of Italy to Guyana have increased at an annualized rate of 41.7%, from $11M in 2023 to $63M in 2018.

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

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

Latest Data

Trade between Guyana (Flag) and Italy (Flag)

Guyana Exports

Italy Exports

Market Competitiveness

Color
Guyana
Top DestinationUnited States$3.51B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Guyana than Italy included Trinidad and Tobago ($1.9B), Panama ($519M), and Suriname ($170M).

In 2023, countries that imported more from Italy than Guyana included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Guyana - Italy

Flow
Scale

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

During 2023, Guyana had a large net trade with Italy in the exports of Mineral Products ($297M), Vegetable Products ($3.55M), and Wood Products ($722k).

During 2018, Italy had a large net trade with Guyana in the exports of Metals ($32.3M), Mineral Products ($12.9M), and Machines ($12.8M).

Economic Complexity

Competitive Landscape

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

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

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