Guyana Major Exports

Guyana, a small country located on the northeastern coast of South America, has seen significant economic growth in recent years, largely driven by its natural resources. The country’s major exports include a diverse range of products, from agricultural commodities to minerals, each contributing significantly to the national economy. Below is an overview of the major exports from Guyana, along with their trade values.

Petroleum and Petroleum Products

The discovery of vast offshore oil reserves has transformed Guyana into one of the fastest-growing economies in the world. Petroleum products, including crude oil, dominate the country’s export profile, accounting for a substantial portion of the nation’s total export earnings.

Trade Value

• Petroleum and related products make up over 50% of Guyana’s total export value, with crude oil alone contributing approximately $5 billion USD in 2023.
• In 2023, Guyana’s oil exports reached around $7 billion USD, driven by both higher production and global oil price fluctuations.

Key Export Markets

• United States
• China
• European Union countries

Gold

Gold has long been a key export product for Guyana, and it continues to be one of the country’s most significant sources of foreign exchange. The gold mining industry is a major part of the economy, with both large-scale and artisanal mining operations contributing to output.

Trade Value

• Gold exports in 2023 were valued at $1.2 billion USD, making it one of the top three export commodities.
• Guyana is ranked among the top gold-producing countries in South America, with high-grade deposits spread across various regions.

Key Export Markets

• Canada
• United States
• United Kingdom

Agricultural Exports

Agriculture plays a central role in Guyana’s economy, with several key agricultural products making up a significant portion of the country’s exports. Rice and sugar are among the most prominent, with rice being the largest agricultural export.

Rice

Guyana is one of the leading rice exporters in the Caribbean, with significant volumes shipped primarily to international markets.

Trade Value

• In 2023, Guyana’s rice exports were valued at approximately $300 million USD.
• Major rice export destinations include the Caribbean, North America, and parts of Europe.

Key Export Markets

• Venezuela
• Caribbean countries (Trinidad and Tobago, Barbados)
• European Union

Sugar

Sugar has traditionally been one of Guyana’s most important agricultural exports, although its contribution has declined in recent years.

Trade Value

• Sugar exports amounted to $110 million USD in 2023, showing a slight increase over previous years due to higher global prices.
• The sugar industry is heavily state-controlled and still employs a large portion of the population.

Key Export Markets

• Caricom countries
• United States
• Canada

Shrimp and Fish

The fishing industry in Guyana is another important sector contributing to export revenue. The country’s Atlantic coastline and abundant freshwater resources provide a thriving environment for seafood production, particularly shrimp and fish.

Trade Value

• Shrimp and fish exports were valued at around $150 million USD in 2023.
• Shrimp, especially black tiger shrimp, is the primary export commodity in this category.

Key Export Markets

• United States
• Canada
• European Union

Bauxite

Bauxite, an essential mineral used in the production of aluminum, has been a key export for Guyana for many decades. The country has some of the largest bauxite reserves in the world, and the sector remains crucial to its export economy.

Trade Value

• Bauxite exports were valued at approximately $400 million USD in 2023.
• Despite a decline in production in recent years, bauxite still remains a significant contributor to the economy.

Key Export Markets

• United States
• Canada
• China

Other Exports

In addition to the major categories listed above, Guyana also exports a variety of other products that contribute to its trade balance. These include:

• Timber and wood products: Timber and wood products such as plywood and logs are a growing part of the export market. This sector generated an estimated $60 million USD in 2023.
• Diamonds: Guyana produces small quantities of diamonds, contributing around $50 million USD to its export revenue.
• Tropical fruits: Guyana’s tropical fruits, such as bananas, coconuts, and pineapples, also contribute to its export portfolio, with an estimated value of $30 million USD in 2023.

Key Export Markets

• United States
• European Union
• Caribbean nations

Top Products Exported by Guyana

Market Value: 1,735 (millions) – Last Updated: June, 2024

Rank	Product	Trade Value (thousands)	Share (%)	Growth (% 5yr)
1	Cane Sugar	125,595	7.24	9.59
2	Gold	117,567	6.78	-16.77
3	Aluminum Ores	98,849	5.70	76.36
4	Rice	56,780	3.27	26.03
5	Shell Fish	37,619	2.17	-9.38
6	Diamonds	30,322	1.75	6.07
7	Alcoholic Beverages	16,349	0.94	32.30
8	Frozen Fish	13,168	0.76	40.42
9	Wood Sawn > 6 mm	9,876	0.57	-9.06
10	Plywood	8,789	0.51	-26.70
11	Fish Fillets	6,430	0.37	51.69
12	Dried Fish	4,922	0.28	24.65
13	Molasses	4,406	0.25	11.22
14	Binders For Found Molds	3,955	0.23	36.62
15	Wood, Continuously Shaped (Tongued or Grooved	3,930	0.23	56.32
16	Prepared Fruit	3,094	0.18	22.58
17	Fishing Vessels	2,359	0.14	0.00
18	Knitted Mens & Boys Suits	2,129	0.12	575.99
19	Artflical Corundum & Aluminum Oxide	1,554	0.09	0.00
20	Natural Sands	1,479	0.09	278.25
21	Fresh Fish	1,475	0.09	12.93
22	Medicines in Doses	1,251	0.07	70.48
23	Carpentry of Wood	1,212	0.07	26.08
24	Furniture & Parts	1,185	0.07	-24.70
25	Other Animals	1,127	0.06	-21.69
26	Pasta	1,032	0.06	212.79
27	Seats & Parts	1,030	0.06	-3.08
28	Lumber	863	0.05	-87.91
29	Engine Parts	819	0.05	182.80
30	Lobsters & Crabs	818	0.05	529.44
31	Articles of Wood	802	0.05	116.12
32	Knitted Sweaters	762	0.04	67.73
33	Ethyl Alcohol > 80%	760	0.04	-17.24
34	Coconut Oil	725	0.04	42.25
35	Knitted Womens & Girls Suits	694	0.04	152.52
36	Office Paper	671	0.04	-10.95
37	Ferrous Waste & Scrap	666	0.04	0.00
38	Copra	446	0.03	323.33
39	Pumps For Liquids	434	0.03	199.14
40	Aircraft Parts	420	0.02	-95.99
41	Bananas	419	0.02	172.24
42	Soap	417	0.02	23.15
43	Knitted Garments	412	0.02	-53.19
44	Knitted T-Shirts	399	0.02	-71.12
45	Soft Drinks	317	0.02	488.17
46	Telephone, Fax & Switching Apparatus	292	0.02	1,004.07
47	Copper Waste & Scrap	288	0.02	73.23
48	Machine Tools For Drilling	277	0.02	0.00
49	Prepared Vegetables	261	0.02	-30.13
50	Fermented Beverages	257	0.01	-3.52
51	Hoopwood	244	0.01	-4.87
52	Railway & Tramway Sleepers of Wood	237	0.01	-86.26
53	Motor Vehicle Parts	233	0.01	35.38
54	Vessels For Transport	230	0.01	310.29
55	Non-Knit Womens & Girls Blouses	228	0.01	-68.04
56	Medicines Not in Doses	223	0.01	182.05
57	Food Preparations	221	0.01	-77.31
58	Non-Knit Womens & Girls Suits	218	0.01	-68.81
59	Aluminum Waste & Scrap	216	0.01	45.56
60	Electronic Integrated Circuits	213	0.01	810.55
61	Ash & Residues	203	0.01	0.00
62	Insecticides	200	0.01	-61.32
63	Dates	198	0.01	26.19
64	Computer & Office Machines Parts	188	0.01	126.50
65	Uncoated Paper	180	0.01	0.00
66	Margarine	175	0.01	7,601.76
67	Diesel Engines	172	0.01	1,255.54
68	Veneer Sheets	171	0.01	13.13
69	Air & Vacuum Pumps	166	0.01	123.30
70	Switching Equipment, > 1000 V	162	0.01	0.00
71	Perfumes & Toilet Waters	159	0.01	-21.62
72	Aluminum Structures & Parts of	155	0.01	496.54
73	Fresh Vegetables	137	0.01	227.12
74	Molluscs	132	0.01	2,969.44
75	Densified Wood Blocks	131	0.01	1,233.90
76	Pebbles	129	0.01	-49.42
77	Plastic Waste	127	0.01	417.84
78	Seamless Iron & Steel Tubes & Pipes	123	0.01	0.00
79	Ginger, Thyme & Spices	121	0.01	196.41
80	Engines & Motors	106	0.01	118.28
81	Glass Containers For Packing	103	0.01	1,264.95
82	Sauces & Condiments	91	0.01	96.76
83	Coffee	86	0.00	206.05
84	Melons & Papayas	83	0.00	9.26
85	Knitted Womens & Girls Slips	76	0.00	192.50
86	Passenger Vehicles	75	0.00	52.73
87	Machinery For Sorting Screening Minerals	75	0.00	0.00
88	Clays	74	0.00	44.64
89	Computers, Printers & Storage Units	74	0.00	258.92
90	Live Fish	73	0.00	-2.16
91	Wood Charcoal	73	0.00	486.77
92	Bran	65	0.00	-79.39
93	Paint & Varnish	63	0.00	0.00
94	Fruit & Vegetable Juice	62	0.00	76.86
95	Beauty & Make-up Perparations	60	0.00	1,785.04
96	Plastic Tubes	59	0.00	-88.61
97	Parts For Fork Lifts, Bulldozers & Graders	56	0.00	-64.89
98	Measuring or Checking Instruments	53	0.00	-83.98
99	Organic Surface-Active Agents	50	0.00	305.35
100	Transmission Shafts, Bearings & Parts	47	0.00	66.10
101	Taps, Cocks & Valves	47	0.00	63.16
102	Sand Blasting Machines	47	0.00	0.00
103	Cel Phones, Video Recorders & Radio Transcievers	47	0.00	153.10
104	Non-Knit Mens & Boys Suits	45	0.00	-82.85
105	Wheat & Meslin Flour	44	0.00	0.00
106	Woven Cotton Fabrics – > 85% < 200G/M2	44	0.00	1.49
107	Provitamins & Vitamins	44	0.00	0.00
108	Citrus Fruit	43	0.00	-20.22
109	Leguminous Vegetables	41	0.00	-13.74
110	Animal Feed	41	0.00	-75.33
111	Nails	40	0.00	16.24
112	Corrugated Paper in Rolls	39	0.00	-54.83
113	Beer	38	0.00	1,061.85
114	Structures & Parts of Iron or Steel	38	0.00	14.36
115	Personal Toilet Preparations	38	0.00	-66.96
116	Electric Ignition Equipment	37	0.00	65.25
117	Vulcanized Rubber Tubes	36	0.00	0.00
118	Candy	36	0.00	6,142.33
119	Articles of Vulcanized Rubber	36	0.00	1,393.40
120	Coconuts	36	0.00	3,122.65
121	Vinegar	35	0.00	210.89
122	Ball & Roller Bearings & Parts	35	0.00	137.30
123	Prefabricated Buildings	33	0.00	72.75
124	Prepared Unrecorded Sound Media	33	0.00	0.00
125	Fresh Fruit	33	0.00	-68.89
126	Wood Packings	32	0.00	-84.61
127	Concentrated Milk & Cream	31	0.00	0.00
128	Paints & Varnishes for Leather	29	0.00	0.00
129	Water Heaters	27	0.00	-75.70
130	Misc Ores	26	0.00	300.53
131	Books	26	0.00	20.25
132	Reception Apparatus For Radiotelephony	26	0.00	0.00
133	Jams & Jellies	25	0.00	712.61
134	Screws, Bolts & Nuts	25	0.00	0.00
135	Art Paper	24	0.00	0.00
136	Onions	24	0.00	-41.44
137	Microphones	23	0.00	0.00
138	Machinery Parts	22	0.00	0.00
139	Articles of Iron & Steel	22	0.00	0.00
140	Collectors Items of Botanic	22	0.00	0.00
141	Pepper	21	0.00	-14.00
142	Household Articles	20	0.00	232.45
143	Carbon	19	0.00	-42.58
144	Ships Derricks & Cranes	19	0.00	0.00
145	Machines For Cleaning Seed	19	0.00	959.28
146	Misc Animal Products	19	0.00	572.80
147	Palm Oil	18	0.00	0.00
148	Television, Radio & Assessory Parts	16	0.00	-95.46
149	Handbags, Wallets & Travel Goods	15	0.00	-72.26
150	Other Footwear	15	0.00	-57.96
151	Zinc Plates	15	0.00	1,894.61
152	Radar Apparatus & Navigation	14	0.00	-71.36
153	Malt Extract	14	0.00	0.00
154	Food & Drink Preparation Machines	14	0.00	-66.07
155	Switches, Relays & Fuses < 1000 Volts	14	0.00	512.74
156	Non-Knit Mens & Boys Shirts	14	0.00	-15.93
157	Wine	13	0.00	-46.03
158	Extracts of Coffee	13	0.00	40.01
159	Odoriferous Mixtures	13	0.00	295.77
160	Mechanical Machinery & Parts	13	0.00	141.50
161	Instruments For Physical or Chemical Analysis	13	0.00	-83.32
162	Tobacco Substitutes	12	0.00	0.00
163	Acyclic Alcohols	12	0.00	0.00
164	Tea	12	0.00	0.00
165	Non Sweetened Waters	11	0.00	400.35
166	Cassava	11	0.00	-9.36
167	Gaskets & Similar Joints of Metal Sheeting	11	0.00	0.00
168	Moving & Grading Machinery	10	0.00	0.00
169	Essent Oils Resinoid	9	0.00	224.34
170	Heavy Construction Equipment	9	0.00	0.00
171	Filters & Centrifuges	8	0.00	285.22
172	Hydrometers & Thermometers	8	0.00	0.00
173	Battery Waste	8	0.00	0.00
174	Activated Carbon	8	0.00	-42.25
175	Transformers, Converters & Power Supplies	8	0.00	-91.51
176	Lead Waste & Scrap	7	0.00	0.00
177	Cycle Parts & Assessories	7	0.00	-72.55
178	Bras	7	0.00	-99.49
179	Yeasts	7	0.00	0.00
180	Puzzles, Models & Toys	6	0.00	1,112.73
181	Refined Copper & Alloys	6	0.00	0.00
182	Medical, Dental & Vet Instruments	6	0.00	20.60
183	Prepared Glues & Adhesives	6	0.00	0.00
184	Woven Cotton Fabrics > 85% > 200 G/M2	6	0.00	0.00
185	Printed Paper, In Rolls or Sheets	6	0.00	659.46
186	Iron & Steel > 600 mm Wide – Clad	6	0.00	1.76
187	Survey Instruments	6	0.00	-86.62
188	Insulated Wire & Cable	6	0.00	194.25
189	Electrical Switching Boards	5	0.00	-27.27
190	Bread, Pastry & Cakes	5	0.00	-48.57
191	Iron & Steel < 600Mm Wide	5	0.00	0.00
192	Tools For Working in the Hand	5	0.00	0.00
193	Woven Cotton Fabrics	5	0.00	0.00
194	Bicycles	5	0.00	0.00
195	Electric Capacitors	5	0.00	0.00
196	Machine Tools For Forging	5	0.00	729.86
197	Ethers	5	0.00	0.00
198	Basketwork	5	0.00	-67.31
199	Glazed Ceramic Flags & Paving	4	0.00	0.00
200	Iron & Steel Bars & Rods – HR	4	0.00	-49.15
201	Automatic Regulating & Control Instruments	4	0.00	-65.27
202	Soybean Oil	4	0.00	0.00
203	Auxiliary Machinery For Textile Machines	4	0.00	0.00
204	Electric Storage Batteries	4	0.00	483.87
205	Oscilloscopes & Electrical Measuring Instruments	4	0.00	0.00
206	Transister & Semiconductor Devices	4	0.00	0.00
207	Springs & Leaves For Springs	4	0.00	0.00
208	Containers of Transport	4	0.00	-98.89
209	Knitted Womens & Girls Blouses & Shirts	4	0.00	0.00
210	Pictures & Photos	4	0.00	317.16
211	Demonstrational Instruments & Parts	4	0.00	0.00
212	Parts For Electric Equipment	4	0.00	36.32
213	Raw Hides & Skins	4	0.00	30.81
214	Mattress Supports	4	0.00	0.00
215	Frozen Fruit & Nuts	3	0.00	129.26
216	Tube & Pipe Fittings	3	0.00	0.00
217	Live Plants	3	0.00	0.00
218	X-Ray Apparatus	3	0.00	0.00
219	Plastic Containers	3	0.00	-98.72
220	Made-Up Clothes Accessories	3	0.00	-97.91
221	Furnishing Articles of Textile Materials	3	0.00	0.00
222	Coated Paper	3	0.00	0.00
223	Iron & Steel > 600 mm Wide – Hot	3	0.00	0.00
224	Leather Footwear	3	0.00	-32.14
225	Antiques > 100 Years Old	3	0.00	0.00
226	Vegetables & Fruits Preserved by Vinegar	2	0.00	0.00
227	Foods Prepared By Cereal Grain	2	0.00	-91.43
228	Knit &Lace Hats	2	0.00	-99.53
229	Paper Labels	2	0.00	0.00
230	New Pneumatic Tires	2	0.00	0.00
231	Cereal Flours	2	0.00	0.00
232	Video Recording Equipment	2	0.00	0.00
233	Knitted Mens & Boys Overcoats	2	0.00	0.00
234	Fishing Rods & Tackle	2	0.00	0.00
235	Aluminum Plates	2	0.00	-87.86
236	Preserved Fruit & Nuts	2	0.00	0.00
237	Shawls & Scarves	2	0.00	-83.23
238	Articles of Plastics	2	0.00	-53.47
239	Steam Turbines	2	0.00	-37.00
240	Lifting & Handling Machines	2	0.00	0.00
241	Notebooks & Business Forms	2	0.00	0.00
242	Machine Tools For Working Wood	2	0.00	0.00
243	Barbed Wire & Twisted Wire For Fencing	2	0.00	100.35
244	Dolls	2	0.00	0.00
245	Misc Headgear	2	0.00	-40.60
246	Floating Structures, Rafts & Buoys	2	0.00	0.00
247	Plastic & Rubber Footwear	2	0.00	195.66
248	Builders Ware of Plastics	2	0.00	-89.84
249	Articles of Jewelry & Parts	2	0.00	-98.07
250	Articles of Aluminum	1	0.00	0.00
251	Specialized Electrical Machinery & Parts	1	0.00	0.00
252	Non-Knit Track Suits	1	0.00	-99.92
253	Gelatin & Derivatives	1	0.00	0.00
254	Products of Plaiting Materials	1	0.00	-80.65
255	Stoppers & Caps	1	0.00	0.00
256	Records & Tapes	1	0.00	-76.70
257	Medical, Dental & Vet Furniture	1	0.00	96.56
258	Glass Mirrors	1	0.00	0.00
259	Original Sculptures & Statues	1	0.00	0.00
260	Nickel Waste & Scrap	1	0.00	0.00
261	Dried Fruit	1	0.00	-88.89
262	Electric Motors & Generators	1	0.00	-95.35
263	Wood Marquetry	1	0.00	-84.71
264	Hardware For Furniture, Doors & Windows	1	0.00	0.00
265	Electric Filament & Discharge Lamps	1	0.00	0.00
266	Cigars & Cigarettes	1	0.00	0.00
267	Coal	1	0.00	-97.67
268	Articles of Asbestos	1	0.00	0.00
269	Raw Hides & Skins – No Hair	1	0.00	0.00
270	Dental Preparations	1	0.00	0.00
271	Non-Knit Womens & Girls Overcoats	1	0.00	0.00
272	Presses For Wine	1	0.00	0.00
273	Iron & Steel Cloth	1	0.00	-75.24
274	Weighing Machines	1	0.00	0.00
275	Printed Circuits	1	0.00	0.00
276	Transmission Belts of Vulcanized Rubber	1	0.00	0.00
277	Photographic Still Cameras	1	0.00	0.00
278	Physical Exercise Equipment	1	0.00	0.00
279	Sanitary Ware & Parts	1	0.00	0.00
280	Calendering Machines & Cylinders	1	0.00	0.00
281	Yachts & Other Pleasure Vessels	1	0.00	0.00
282	Balances	1	0.00	0.00
283	Chocolate	1	0.00	-17.01
284	Refrigerators & Freezers	1	0.00	-15.55
285	Ceramic Sinks	1	0.00	-91.26
286	Lamps & Lighting Fittings	1	0.00	-18.67
287	Hand Paintings & Drawings	1	0.00	-94.61
288	Household Art & Parts	1	0.00	0.00
289	Tarps, Sails & Tents	0	0.00	-82.81
290	Hand Tools	0	0.00	0.00
291	Glaziers Putty & Caulking	0	0.00	0.00
292	Hard Rubber	0	0.00	0.00
293	Agricultural Machinery For Soil	0	0.00	-98.53
294	Articles of Zinc	0	0.00	0.00
295	Made-Up Articles of Textile Materials	0	0.00	-90.57
296	Natural Graphite	0	0.00	-44.12
297	Cut Flowers & Buds	0	0.00	-98.15
298	Articles of Cement	0	0.00	-36.28
299	Wigs of Hair	0	0.00	0.00
300	Padlocks	0	0.00	0.00
301	Natural Vegetable Fats & Oils	0	0.00	0.00
302	Instruments for Measure & Check Flow	0	0.00	-99.47
303	Washing Machines	0	0.00	0.00
304	Flour & Meal	0	0.00	-99.67
305	Electrical Resistors	0	0.00	0.00
306	Knitted Mens & Boys Shirts	0	0.00	0.00
307	Parts of Electric Motors	0	0.00	-99.05
308	Inorganic Compounds	0	0.00	0.00
309	Parts For Machine Tools	0	0.00	0.00
310	Electromech Domestic Appliances	0	0.00	0.00
311	Dishwashing & Packaging Machines	0	0.00	0.00
312	Tomatoes	0	0.00	-97.84
313	Knotted Net of Twine	0	0.00	-93.72
314	Spectacles	0	0.00	-88.35
315	Cereal Groats	0	0.00	0.00
316	Tableware & Kitchenware	0	0.00	-97.82
317	Mineral Substances	0	0.00	-79.96
318	Hair Preparations	0	0.00	0.00
319	Electric Light Equipment	0	0.00	0.00
320	Electric Lasers	0	0.00	0.00
321	Interchange Hand & Machine Tools	0	0.00	0.00
322	Organic Composite Solvents & Thinners	0	0.00	0.00
323	Imitation Jewelry	0	0.00	0.00
324	Electric Water Heaters	0	0.00	0.00
325	Non Tufted Woven Carpets	0	0.00	0.00
326	Ceramic Tableware of Porcelain & China	0	0.00	0.00
327	Glassware For Table	0	0.00	0.00
328	Leather Apparel & Accessories	0	0.00	0.00
329	Cabbages	0	0.00	-97.42
330	Misc Carpets	0	0.00	0.00
331	Primary Cells & Batteries	0	0.00	0.00
332	Cigarette Lighters & Other Lighters	0	0.00	0.00
333	Apparel & Accessories of Rubber	0	0.00	0.00
334	Containers For Compressed & Liquid Gas	0	0.00	0.00
335	Frozen Vegetables	0	0.00	-99.24
336	Apples & Pears	0	0.00	0.00
337	Artificial Flowers	0	0.00	0.00
338	Razors & Razor Blades	0	0.00	0.00
339	Cucumbers & Gherkins	0	0.00	-99.98
340	Human Blood	0	0.00	0.00
341	Plants For Pharmacy	0	0.00	-99.96
342	Fabricated Asbestos Fibers	0	0.00	0.00