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How much of Guyana’s trade passes through the Strait of Gibraltar?

In 2024, an estimated $2.5 billion of Guyana’s trade passed through the Strait of Gibraltar, 9.7% of its seaborne trade. That is $2.3 billion of exports and $258 million of imports. The partners with the most trade through it are Spain, Romania and Italy.

Summary

Estimated value
$2.5billion
Of its seaborne trade
9.7%
Exports
$2.3billion
Imports
$258million

Trend

Estimated value per year

Guyana’s estimated trade through the Strait of Gibraltar rose 846% between 2019 and 2024

Value in USD billions

  • Guyana 2.5

Source: CEPII BACI

Show the numbers
YearEstimated valueOf its seaborne trade
1995$21 million3.1%
1996$24 million3.2%
1997$45 million3.9%
1998$39 million3.7%
1999$32 million3.2%
2000$59 million5.5%
2001$53 million5.2%
2002$42 million4.2%
2003$31 million3%
2004$53 million4.5%
2005$73 million5.9%
2006$105 million7%
2007$137 million8.4%
2008$160 million7.4%
2009$155 million8.8%
2010$160 million7.2%
2011$162 million5.8%
2012$173 million7.1%
2013$169 million5.7%
2014$162 million6.2%
2015$167 million7.4%
2016$169 million7.3%
2017$199 million7%
2018$233 million7.8%
2019$268 million7.4%
2020$460 million8.6%
2021$4.2 billion37%
2022$1.3 billion7.2%
2023$2 billion13%
2024$2.5 billion9.7%

Partners whose trade crosses it

Estimated value of its trade with each partner that crosses the chokepoint; the percentage is the share of all its trade through the chokepoint, not of the pair’s trade.

  1. Guyana–Spain$761 million · 30%
  2. Guyana–Romania$626 million · 24.7%
  3. Guyana–Italy$228 million · 9%
  4. Guyana–Greece$215 million · 8.5%
  5. Guyana–Austria$172 million · 6.8%
  6. Guyana–Bulgaria$141 million · 5.6%
  7. Guyana–Turkey$104 million · 4.1%
  8. Guyana–Saudi Arabia$76 million · 3%
  9. Guyana–Slovakia$68 million · 2.7%
  10. Guyana–Singapore$36 million · 1.4%

What crosses it

The products with the highest estimated value in 2024, with their share of the total through the chokepoint.

  1. Crude petroleum$2.1 billion · 82.7%
  2. Dredgers and floating cranes$151 million · 6%
  3. Refined petroleum$51 million · 2%
  4. Cement$37 million · 1.5%
  5. Steel structures$18 million · 0.7%
  6. Alloy steel bars and sections$15 million · 0.59%
  7. Parts for cranes and excavators$14 million · 0.55%
  8. Bauxite (aluminum ore)$12 million · 0.48%
  9. Steel bars$11 million · 0.43%
  10. Barite$10 million · 0.38%

Reference ports

Georgetown (100%)

Each port with the weight it receives from the country’s trade, based on where its GDP is generated and which coast is closest.

Other chokepoints it uses

Sources and method

Sources and licenses

Methodology

We estimate the value crossing each chokepoint from BACI trade that travels by sea according to our mode heuristic, split between each country’s ports by where its GDP is generated and which coast is closest, and routed over our own sea network. It is an estimate, not a count of ships. It covers 99.9% of seaborne trade. The approach follows Verschuur, Lumma and Hall (Nature Communications, 2025). Data up to 2024.

All maritime chokepoints