2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP GROWTH
278%CURRENT US$
Rnk 1 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$18,990CURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP PC GROWTH
248%CURRENT US$
Rnk 1 / 186

About

Italy-Guyana Trade: In 2022, Italy exported $39.7M to Guyana. The main products that Italy exported to Guyana were Special Purpose Ships ($17.8M), Valves ($5.39M), and Gas Turbines ($1.21M). Over the past 5 years the exports of Italy to Guyana have increased at an annualized rate of 40.5%, from $7.25M in 2017 to $39.7M in 2022.

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

Guyana-Italy Trade: In 2022, Guyana exported $1.18B to Italy. The main products that Guyana exported to Italy were Crude Petroleum ($1.14B), Rice ($27.2M), and Aluminium Ore ($6.79M). Over the past 5 years the exports of Guyana to Italy have increased at an annualized rate of 120%,  from $22.7M in 2017 to $1.18B in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $39.7M to Guyana. The main products exported from Italy to Guyana were Special Purpose Ships ($17.8M), Valves ($5.39M), and Gas Turbines ($1.21M). During the last 5 years the exports of Italy to Guyana have increased at an annualized rate of 40.5%, from $7.25M in 2017 to $39.7M in 2022.

In 2017, Guyana exported $1.18B to Italy. The main products exported from Guyana to Italy were Crude Petroleum ($1.14B), Rice ($27.2M), and Aluminium Ore ($6.79M). During the last 5 years the exports of Guyana to Italy have increased at an annualized rate of 120%, from $22.7M in 2022 to $1.18B in 2017.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Guyana
Top Destination
Panama$5.84B

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 2022, countries that imported more from Italy than Guyana included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

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

Comparative Advantage Italy - Guyana

Flow
Scale

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

During 2022, Italy had a large net trade with Guyana in the exports of Transportation ($18.3M), Machines ($13.9M), and Instruments ($2.56M).

During 2017, Guyana had a large net trade with Italy in the exports of Mineral Products ($1.15B), Vegetable Products ($27.2M), and Metals ($1.25M).

Economic Complexity

Competitive Landscape

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.

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

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