India (IND) and Guyana (GUY) Trade | The Observatory of Economic Complexity

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India-Guyana Trade: In 2022, India exported $79.9M to Guyana. The main products that India exported to Guyana were Packaged Medicaments ($19.1M), Coated Flat-Rolled Iron ($9.06M), and Large Construction Vehicles ($5.02M). Over the past 5 years the exports of India to Guyana have increased at an annualized rate of 23.7%, from $27.7M in 2017 to $79.9M in 2022.

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

Guyana-India Trade: In 2022, Guyana exported $7.64M to India. The main products that Guyana exported to India were Diamonds ($2.07M), Rough Wood ($1.66M), and Aluminium Ore ($1.46M). Over the past 5 years the exports of Guyana to India have increased at an annualized rate of 16%, from $2M in 2017 to $7.64M in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

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Overview In June 2024, India exported $6.11M and imported $392k from Guyana, resulting in a positive trade balance of $5.72M. Between June 2023 and June 2024 the exports of India have increased by $294k (5.05%) from $5.82M to $6.11M, while imports increased by $121k (44.8%) from $271k to $392k.

Trade In June 2024, the top exports of India to Guyana were Motor Vehicle/Cars ($1.59M), Drug Formulations, Biologicals ($650k), Other Construction Machinery ($261k), Indl. Machnry For Dairy Etc ($238k), and Electronics Components ($198k). In June 2024 the top imports of India from Guyana were Other Wood And Wood Products ($83.1k), Iron And Steel ($45.4k), and Petroleum Products ($19.5k).

Growth In June 2024, the increase in India's year-by-year exports to Guyana was explained primarily by an increase in product exports in Motor Vehicle/Cars ($1.53M or 2.66k%), Cosmetics And Toiletries ($189k or 3.84k%), and Footwear Of Leather ($100k or 13.1k%). In June 2024, the increase in India's year-by-year imports from Guyana was explained primarily by an increase in product imports in Other Wood And Wood Products ($53.2k or 178%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$294k(5.05%)

IMPORT GROWTH (June 2023 - June 2024)$121k(44.8%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Guyana and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $79.9M to Guyana. The main products exported from India to Guyana were Packaged Medicaments ($19.1M), Coated Flat-Rolled Iron ($9.06M), and Large Construction Vehicles ($5.02M). During the last 5 years the exports of India to Guyana have increased at an annualized rate of 23.7%, from $27.7M in 2017 to $79.9M in 2022.

In 2017, Guyana exported $7.64M to India. The main products exported from Guyana to India were Diamonds ($2.07M), Rough Wood ($1.66M), and Aluminium Ore ($1.46M). During the last 5 years the exports of Guyana to India have increased at an annualized rate of 16%, from $2M in 2022 to $7.64M in 2017.

Exports from India () to Guyana () (2022)

Exports from Guyana () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Guyana
Top DestinationPanama$5.84B

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

In 2022, countries that imported more from India than Guyana included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Guyana than India included Panama ($5.84B), Aruba ($156M), and Suriname ($36.5M).

Difference in imports from Guyana () and India () (2022)

Comparative Advantage India - Guyana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Guyana in the exports of Chemical Products ($26M), Machines ($14.7M), and Metals ($13M).

During 2017, Guyana had a large net trade with India in the exports of Precious Metals ($2.07M), Wood Products ($2.05M), and Mineral Products ($1.5M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Guyana () (2022)

Exports from Guyana () to India () (2022)

Market Competitiveness

Difference in imports from Guyana () and India () (2022)

Comparative Advantage India - Guyana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of India () and Guyana () (2022)

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