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Trade between Guyana and Panama

In 2024, Guyana exported $2.5 billion to Panama and imported $68 million. Guyana ran a surplus of $2.5 billion with Panama, compared with a deficit of $36 million in 2019. Panama was Guyana’s 3rd largest trading partner (9% of its trade), and Guyana was Panama’s 6th (6%).

Summary

Guyana → Panama
$2.5billion
Panama → Guyana
$68million
Guyana’s balance
$2.5billion

Balance

Guyana’s trade balance with Panama

Trade between Guyana and Panama grew 476,400.3-fold since 1995

USD billions (current). Guyana’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.5
  • Imports 0.1
  • Balance +2.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$5 thousand$0$5 thousand
1996$31 thousand$0$31 thousand
1997$2 million$12 million-$10 million
1998$149 thousand$3 million-$3 million
1999$197 thousand$3 million-$3 million
2000$198 thousand$3 million-$3 million
2001$258 thousand$4 million-$4 million
2002$269 thousand$5 million-$4 million
2003$360 thousand$5 million-$5 million
2004$1 million$5 million-$4 million
2005$521 thousand$5 million-$4 million
2006$445 thousand$11 million-$11 million
2007$751 thousand$12 million-$12 million
2008$875 thousand$17 million-$16 million
2009$640 thousand$18 million-$17 million
2010$2 million$19 million-$18 million
2011$1 million$27 million-$26 million
2012$1 million$27 million-$25 million
2013$4 million$27 million-$23 million
2014$29 million$25 million$4 million
2015$24 million$28 million-$4 million
2016$41 million$27 million$14 million
2017$158 million$34 million$124 million
2018$37 million$38 million-$1 million
2019$15 million$51 million-$36 million
2020$250 million$40 million$210 million
2021$829 million$37 million$792 million
2022$5.8 billion$51 million$5.8 billion
2023$519 million$81 million$438 million
2024$2.5 billion$68 million$2.5 billion

What they sell each other

What Guyana sells to Panama

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$2.5 billion · 100%
    1 million tonnes · Guyana’s destinations
  2. Shipping containers$224 thousand · 0.01%
    107 tonnes
  3. Gas cylinders$77 thousand · 0%
    349 tonnes
  4. Bulldozers and excavators$74 thousand · 0%
    12 tonnes
  5. Other industrial machines$38 thousand · 0%
    2 tonnes
  6. Other made-up textiles$34 thousand · 0%
    1 tonne
  7. Logs$27 thousand · 0%
    51 tonnes
  8. Refined petroleum$13 thousand · 0%
    370 tonnes · Panama’s sources
  9. 15 tonnes

What Panama sells to Guyana

The top 10 headings in 2024, with their share of the total.

  1. Prepared explosives$12 million · 16.9%
    3 thousand tonnes
  2. Refined petroleum$9 million · 13.7%
    11 thousand tonnes
  3. Powdered and condensed milk$7 million · 9.6%
    924 tonnes
  4. Nitrogen fertilizers$5 million · 7.5%
    4 thousand tonnes
  5. Steel structures$2 million · 2.5%
    465 tonnes
  6. 365 tonnes
  7. Airplanes and helicopters$2 million · 2.2%
    3 tonnes
  8. Air conditioners$1 million · 1.8%
    142 tonnes
  9. Monitors and projectors$1 million · 1.6%
    77 tonnes
  10. Furniture$1 million · 1.5%
    479 tonnes

How it travels

Estimated sea route from Georgetown to Balboa.

The estimated sea route between Georgetown and Balboa is 1,545 nautical miles (2,861 km) long: ≈ 3.5–4.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2.6 billion · 99.9%
  2. Air$4 million · 0.15%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Panama was Guyana’s 3rd largest trading partner (9% of its trade), and Guyana was Panama’s 6th (6%).

Panama in Guyana’s trade
8.6%
Panama’s rank among Guyana’s partners
3rd
Guyana in Panama’s trade
6.3%
Guyana’s rank among Panama’s partners
6th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.