Italy (ITA) and Guyana (GUY) Trade | The Observatory of Economic Complexity

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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.

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.

Comparison In 2023, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

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Overview In N/A, Italy exported €N/A and imported €N/A from Guyana, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Growth In N/A, the N/A in Italy's year-by-year exports to Guyana was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports from Guyana was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $63M in 2023.

In 2018, 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 2023 to $302M in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Italy
Top DestinationGermany$71.4B

Guyana
Top DestinationUnited States$3.51B

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

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

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

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

Comparative Advantage Italy - Guyana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Italy had a large net trade with Guyana in the exports of Metals ($32.3M), Mineral Products ($12.9M), and Machines ($12.8M).

During 2018, Guyana had a large net trade with Italy in the exports of Mineral Products ($297M), Vegetable Products ($3.55M), and Wood Products ($722k).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Italy - Guyana

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Italy - Guyana

Economic Complexity

Competitive Landscape

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

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