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2022
Exports $15.9BWorld Rnk 21 / 149
Flag Rnk 1 / 656
2022
Destination $5.02B Panama
2021 - 2022
FASTEST GROWING MARKET $5.02BPanama
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $1.26kWorld Rnk 138 / 158
Flag Rnk 1030 / 1079
2022
Origin $789 United States
2021 - 2022
FASTEST GROWING ORIGIN $789United States

About

Exports In 2022, Guyana exported $15.9B in Crude Petroleum, making it the 21st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Guyana. The main destination of Crude Petroleum exports from Guyana are: Panama ($5.84B), Netherlands ($2.81B), United States ($2.09B), Italy ($1.14B), and Germany ($1.04B).

The fastest growing export markets for Crude Petroleum of Guyana between 2021 and 2022 were Panama ($5.02B), Netherlands ($2.74B), and Italy ($1.14B).

Imports In 2022, Guyana imported $1.26k in Crude Petroleum, becoming the 138th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1030th most imported product in Guyana. Guyana imports Crude Petroleum primarily from: United States ($1.26k).

The fastest growing import markets in Crude Petroleum for Guyana between 2021 and 2022 were United States ($789).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.9B
IMPORTS (2022)$1.26k
NET TRADE (2022)$15.9B

In 2022, Guyana exported $15.9B in Crude Petroleum. The main destinations of Guyana exports on Crude Petroleum were Panama ($5.84B), Netherlands ($2.81B), United States ($2.09B), Italy ($1.14B), and Germany ($1.04B).

In 2022, Guyana imported $1.26k in Crude Petroleum, mainly from United States ($1.26k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Guyana WERE (2021 - 2022):
Panama$5.02B (606%)
Netherlands$2.74B (3.97k%)
Italy$1.14B (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Guyana WERE (2021 - 2022):
Singapore-$2.02B (-100%)
United States-$268M (-11.4%)
India-$130M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guyana's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Guyana's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Crude Petroleum’s highest export potential is N/A. With an export gap of N/A.   Crude Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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