Trade Trend

In 2023, Guyana's total export value is 11.29Billion USD, total import value is 5.43Billion USD, Surplus is 5.86Billion USD, and foreign trade dependency is 0.996. In 2023，Guyana's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(7.17Billion USD), Containers; (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport(1.26Billion USD), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(705.44Million USD), top export destinations are Trinidad and Tobago(2.38Billion USD), United States(1.78Billion USD), Singapore(1.64Billion USD). In 2023, Guyana's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(981.24Million USD), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(506.91Million USD), Bulldozers, graders, levellers, scrapers, angledozers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers, selfpropelled(203.05Million USD), top import origins are United States(1.56Billion USD), Trinidad and Tobago(864.59Million USD), China(632.32Million USD).

Comparing to 2022, Guyana's total export value increased 5.24Billion USD(86.53%) in 2023, this could result from its export increases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(2.88Billion USD or 67.14%), Containers; (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport(732.92Million USD or 139.36%), Machinery parts; used solely or principally with the machinery of heading no. 8425 to 8430(218.40Million USD or 1.30Thousands%) and export increases to countries/economics such as Trinidad and Tobago(1.93Billion USD or 429.87%), Netherlands(983.55Million USD or 4.99Thousands%), Singapore(834.76Million USD or 103.70%). Comparing to 2022, Guyana's total import value increased 1.90Billion USD(54.08%) in 2023, this could result from its import increases of products such as Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(506.86Million USD or 1.02Million%), Machinery parts; used solely or principally with the machinery of heading no. 8425 to 8430(160.22Million USD or 465.28%), Articles of vulcanised rubber other than hard rubber, n.e.c. in chapter 40(104.38Million USD or 1.81Thousands%), and its import increases from countries/economies such as Trinidad and Tobago(441.92Million USD or 104.55%), United States(307.96Million USD or 24.64%), China(281.95Million USD or 80.47%).

Cumulated to first 7 months of 2024, Guyana's total export value is 7.94Billion USD, total import value is 2.69Billion USD, and tradesurplus is 5.25Billion USD. Cumulated to first 7 months of 2024, Guyana's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(6.80Billion USD), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(313.00Million USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(269.82Million USD), and top export destinations are United States(1.53Billion USD), Netherlands(1.37Billion USD), United Kingdom(874.28Million USD). Cumulated to first 7 months of 2024, Guyana's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(6.80Billion USD), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(313.00Million USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(269.82Million USD), and top import origins areUnited States(803.77Million USD), South Korea(455.14Million USD), China(405.14Million USD).