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2023
Flag → Flag
Exports $519MRnk 9 / 147
2023
Flag → Flag
Top Product $519MCrude Petroleum
2023
Flag → Flag
Exports $81.3MRnk 19 / 146
2023
Flag → Flag
Top Product $15.9MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag  
GDP$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 195
2023
Flag
 GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 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$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

Guyana-Panama Trade: In 2023, Guyana exported $519M to Panama. The main products that Guyana exported to Panama were Crude Petroleum ($519M), Bran ($170k), and Rice ($161k). Over the past 5 years the exports of Guyana to Panama have increased at an annualized rate of 69.2%, from $37.4M in 2018 to $519M in 2023.

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

Panama-Guyana Trade: In 2023, Panama exported $81.3M to Guyana. The main products that Panama exported to Guyana were Refined Petroleum ($15.9M), Concentrated Milk ($12M), and Prepared Explosives ($9.76M). Over the past 5 years the exports of Panama to Guyana have increased at an annualized rate of 16.6%,  from $37.8M in 2018 to $81.3M in 2023.

In 2023, Panama 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, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guyana exported $519M to Panama. The main products exported from Guyana to Panama were Crude Petroleum ($519M), Bran ($170k), and Rice ($161k). During the last 5 years the exports of Guyana to Panama have increased at an annualized rate of 69.2%, from $37.4M in 2018 to $519M in 2023.

In 2018, Panama exported $81.3M to Guyana. The main products exported from Panama to Guyana were Refined Petroleum ($15.9M), Concentrated Milk ($12M), and Prepared Explosives ($9.76M). During the last 5 years the exports of Panama to Guyana have increased at an annualized rate of 16.6%, from $37.8M in 2023 to $81.3M in 2018.

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

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

Latest Data

Trade between Guyana (Flag) and Panama (Flag)

Guyana Exports

Panama Exports

Market Competitiveness

Color
Guyana
Top DestinationUnited States$3.51B
Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Guyana than Panama included United States ($3.51B), Trinidad and Tobago ($1.9B), and Netherlands ($1.82B).

In 2023, countries that imported more from Panama than Guyana included China ($1.62B), Japan ($653M), and Thailand ($346M).

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

Comparative Advantage Guyana - Panama

Flow
Scale

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

During 2023, Guyana had a large net trade with Panama in the exports of Mineral Products ($519M), Foodstuffs ($173k), and Vegetable Products ($161k).

During 2018, Panama had a large net trade with Guyana in the exports of Mineral Products ($21.9M), Chemical Products ($13.8M), and Machines ($12.8M).

Economic Complexity

Competitive Landscape

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

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

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