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2023
Flag → Flag
Exports $81.3MRnk 19 / 146
2023
Flag → Flag
Top Product $15.9MRefined Petroleum
2023
Flag → Flag
Exports $519MRnk 9 / 147
2023
Flag → Flag
Top Product $519MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag  
GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 195
2023
Flag
 GDP$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC $18,686CURRENT US$
Rnk 65 / 195
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195
2023
Flag
GDP PC$20,765CURRENT US$
Rnk 63 / 196
2013-2023
Flag
GDP PC GROWTH274%CURRENT US$
Rnk 1 / 195

About

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.

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 55%,  from $37.4M in 2018 to $519M in 2023.

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

Comparison In 2023,  Panama ranked 69 in the Economic Complexity Index (ECI -0.14),  and 121 in total exports ($6.59B). That same year, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $81.3M in 2023.

In 2018, 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 55%, from $37.4M in 2023 to $519M in 2018.

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

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

Latest Data

Trade between Panama (Flag) and Guyana (Flag)

Panama Exports

Guyana Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Panama - Guyana

Flow
Scale

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

During 2023, Panama had a large net trade with Guyana in the exports of Mineral Products ($21.9M), Chemical Products ($13.8M), and Machines ($12.8M).

During 2018, Guyana had a large net trade with Panama in the exports of Mineral Products ($519M), Foodstuffs ($173k), and Vegetable Products ($161k).

Economic Complexity

Competitive Landscape

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

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

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