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2022
Flag → Flag
Exports $97.3MRnk 18 / 139
2022
Flag → Flag
Top Product $95.3MRice
2022
Flag → Flag
Exports $28.9MRnk 19 / 126
2022
Flag → Flag
Top Product $16.3MRefined Petroleum
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP GROWTH278%CURRENT US$
Rnk 1 / 186
2022
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GDP PC $18,990CURRENT US$
Rnk 53 / 186
2012-2022
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GDP PC GROWTH248%CURRENT US$
Rnk 1 / 186

About

Guyana-Venezuela Trade: In 2022, Guyana exported $97.3M to Venezuela. The main products that Guyana exported to Venezuela were Rice ($95.3M) and Aluminium Ore ($1.99M). Over the past 5 years the exports of Guyana to Venezuela have increased at an annualized rate of 42.3%, from $16.7M in 2017 to $97.3M in 2022.

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

Venezuela-Guyana Trade: In 2022, Venezuela exported $28.9M to Guyana. The main products that Venezuela exported to Guyana were Refined Petroleum ($16.3M), Nitrogenous Fertilizers ($12.2M), and Cement ($215k). Over the past 5 years the exports of Venezuela to Guyana have increased at an annualized rate of 29.6%,  from $7.92M in 2017 to $28.9M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guyana exported $97.3M to Venezuela. The main products exported from Guyana to Venezuela were Rice ($95.3M) and Aluminium Ore ($1.99M). During the last 5 years the exports of Guyana to Venezuela have increased at an annualized rate of 42.3%, from $16.7M in 2017 to $97.3M in 2022.

In 2017, Venezuela exported $28.9M to Guyana. The main products exported from Venezuela to Guyana were Refined Petroleum ($16.3M), Nitrogenous Fertilizers ($12.2M), and Cement ($215k). During the last 5 years the exports of Venezuela to Guyana have increased at an annualized rate of 29.6%, from $7.92M in 2022 to $28.9M in 2017.

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

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

Latest Data

Trade between Guyana (Flag) and Venezuela (Flag)

Guyana Exports

Market Competitiveness

Color
Guyana
Top DestinationPanama$5.84B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Guyana than Venezuela included Panama ($5.84B), Netherlands ($2.86B), and United States ($2.37B).

In 2022, countries that imported more from Venezuela than Guyana included Turkey ($597M), India ($228M), and Lebanon ($150M).

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

Comparative Advantage Guyana - Venezuela

Flow
Scale

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

During 2022, Guyana had a large net trade with Venezuela in the exports of Vegetable Products ($95.3M) and Mineral Products ($1.99M).

During 2017, Venezuela had a large net trade with Guyana in the exports of Mineral Products ($16.5M), Chemical Products ($12.2M), and Vegetable Products ($61.7k).

Economic Complexity

Competitive Landscape

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

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

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