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2022
Flag → Flag
Exports $9.7kRnk 106 / 139
2022
Flag → Flag
Top Product $9.62kExcavation Machinery
2022
Flag → Flag
Exports $139kRnk 99 / 148
2022
Flag → Flag
Top Product $137kRaw Sugar
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP GROWTH278%CURRENT US$
Rnk 1 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC $18,990CURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP PC GROWTH248%CURRENT US$
Rnk 1 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Guyana-Nicaragua Trade: In 2022, Guyana exported $9.7k to Nicaragua. The main products that Guyana exported to Nicaragua were Excavation Machinery ($9.62k) and Other Knit Garments ($82). Over the past 5 years the exports of Guyana to Nicaragua have decreased at an annualized rate of 77.5%, from $16.8M in 2017 to $9.7k in 2022.

In 2022, Guyana did not export any services to Nicaragua.

Nicaragua-Guyana Trade: In 2022, Nicaragua exported $139k to Guyana. The main products that Nicaragua exported to Guyana were Raw Sugar ($137k), Soups and Broths ($1.53k), and Water ($195). Over the past 5 years the exports of Nicaragua to Guyana have increased at an annualized rate of 60.8%,  from $13k in 2017 to $139k in 2022.

In 2022, Nicaragua did not export any services to Guyana.

Comparison In 2022,  Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index. That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guyana exported $9.7k to Nicaragua. The main products exported from Guyana to Nicaragua were Excavation Machinery ($9.62k) and Other Knit Garments ($82). During the last 5 years the exports of Guyana to Nicaragua have decreased at an annualized rate of 77.5%, from $16.8M in 2017 to $9.7k in 2022.

In 2017, Nicaragua exported $139k to Guyana. The main products exported from Nicaragua to Guyana were Raw Sugar ($137k), Soups and Broths ($1.53k), and Water ($195). During the last 5 years the exports of Nicaragua to Guyana have increased at an annualized rate of 60.8%, from $13k in 2022 to $139k in 2017.

Exports from Guyana (Flag) to Nicaragua (Flag) (2022)

Exports from Nicaragua (Flag) to Guyana (Flag) (2022)

Latest Data

Trade between Guyana (Flag) and Nicaragua (Flag)

Guyana Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Guyana
Top DestinationPanama$5.84B
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Guyana than Nicaragua included Panama ($5.84B), Netherlands ($2.86B), and United Arab Emirates ($1.18B).

In 2022, countries that imported more from Nicaragua than Guyana included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

Difference in imports from Nicaragua (Flag) and Guyana (Flag) (2022)

Comparative Advantage Guyana - Nicaragua

Flow
Scale

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

During 2022, Guyana had a large net trade with Nicaragua in the exports of Machines ($9.62k) and Textiles ($82).

During 2017, Nicaragua had a large net trade with Guyana in the exports of Foodstuffs ($139k) and Metals ($163).

Economic Complexity

Competitive Landscape

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

Product Space of Guyana (Flag) and Nicaragua (Flag) (2022)

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