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2022
Exports $3.74MWorld Rnk 151 / 214
Flag Rnk 35 / 656
2022
Destination $950k Trinidad and Tobago
2021 - 2022
FASTEST GROWING MARKET $950kTrinidad and Tobago
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $441MWorld Rnk 139 / 225
Flag Rnk 1 / 1079
2022
Origin $82.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $82.4MUnited States

About

Exports In 2022, Guyana exported $3.74M in Refined Petroleum, making it the 151st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 35th most exported product in Guyana. The main destination of Refined Petroleum exports from Guyana are: Trinidad and Tobago ($3.48M), Jamaica ($117k), India ($46.6k), Saint Vincent and the Grenadines ($46.6k), and United Arab Emirates ($15.6k).

The fastest growing export markets for Refined Petroleum of Guyana between 2021 and 2022 were Trinidad and Tobago ($950k), Jamaica ($117k), and India ($46.6k).

Imports In 2022, Guyana imported $441M in Refined Petroleum, becoming the 139th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Guyana. Guyana imports Refined Petroleum primarily from: United States ($170M), Suriname ($133M), Trinidad and Tobago ($81.8M), Venezuela ($16.3M), and Jamaica ($15.1M).

The fastest growing import markets in Refined Petroleum for Guyana between 2021 and 2022 were United States ($82.4M), Suriname ($48.5M), and Jamaica ($11.7M).

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 Refined 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)$3.74M
IMPORTS (2022)$441M
NET TRADE (2022)-$438M

In 2022, Guyana exported $3.74M in Refined Petroleum. The main destinations of Guyana exports on Refined Petroleum were Trinidad and Tobago ($3.48M), Jamaica ($117k), India ($46.6k), Saint Vincent and the Grenadines ($46.6k), and United Arab Emirates ($15.6k).

In 2022, Guyana imported $441M in Refined Petroleum, mainly from United States ($170M), Suriname ($133M), Trinidad and Tobago ($81.8M), Venezuela ($16.3M), and Jamaica ($15.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Guyana WERE (2021 - 2022):
Trinidad and Tobago$950k (37.5%)
Jamaica$117k (1%)
India$46.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Guyana WERE (2021 - 2022):
Saint Vincent and the Grenadines-$659k (-93.4%)
United Arab Emirates-$29.5k (-65.5%)
Ghana-$6.38k (-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 Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Guyana's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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