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Who buys Guyana’s crude oil? Export destinations 2024

In 2024, Guyana exported $19.9 billion of crude oil (35.3 million tonnes), 1.5% of the world total. Its main destinations were the United States (25%), the Netherlands (14%) and Panama (13%). Guyana was the world’s 19th-largest exporter of crude oil.

Summary

Value
$19.9billion
Tonnes
35.3million tonnes
Share of world total
1.5%
World rank
19th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States5Tonnes: 8,405,431USD per tonne: $59525.1%Sea
Netherlands re-exports2.7Tonnes: 4,841,960USD per tonne: $55713.5%Sea
Panama2.5Tonnes: 1,030,515USD per tonne: $2,46112.7%Sea
Germany2.1Tonnes: 3,777,241USD per tonne: $56910.8%Sea
Spain1.2Tonnes: 2,112,734USD per tonne: $5595.9%Sea
Sweden1Tonnes: 1,691,337USD per tonne: $6135.2%Sea
United Kingdom0.88Tonnes: 1,704,523USD per tonne: $5144.4%Sea
Brazil0.85Tonnes: 1,454,926USD per tonne: $5854.3%Land
Romania0.63Tonnes: 1,028,971USD per tonne: $6083.1%Sea
Poland0.34Tonnes: 601,675USD per tonne: $5731.7%Sea
China0.28Tonnes: 452,843USD per tonne: $6151.4%Sea
Barbados0.23Tonnes: 1,002,000USD per tonne: $2341.2%Sea
Turkey0.23Tonnes: 3,000USD per tonne: $76,7401.2%Air
Greece0.21Tonnes: 336,167USD per tonne: $6371.1%Sea
Singapore re-exports0.21Tonnes: 211,139USD per tonne: $9921.1%Sea
Eswatini0.17Tonnes: 2,000,000USD per tonne: $860.86%Sea
Austria0.17Tonnes: 275,058USD per tonne: $6120.85%Sea
Denmark0.16Tonnes: 2,000,000USD per tonne: $800.8%Sea
Italy0.16Tonnes: 347,186USD per tonne: $4460.78%Sea
Finland0.15Tonnes: 248,555USD per tonne: $6120.76%Sea

Trend

Who it sells to

The United States has been its main destination since 2023

Value in USD billions. The five largest destinations in 2024.

  • United States 5
  • Netherlands 2.7
  • Panama 2.5
  • Germany 2.1
  • Spain 1.2

Source: CEPII BACI

Show the numbers
Partner19952024
United States05
Netherlands02.7
Panama02.5
Germany02.1
Spain01.2

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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