Guyana-Aruba Bilateral Trade Analysis 2023
Complete trade statistics: $8.42M total volume •Guyana deficit: $8.42M
Guyana → Aruba
$0
Exports (2023)
Aruba → Guyana
$8.42M
Imports (2023)
Trade Balance
$8.42M
Deficit for Guyana
Total Trade
$8.42M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guyana and Aruba. Green line shows exports from Guyana, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Guyana-Aruba commercial relationship and competitive positioning in global markets.
Guyana → Aruba Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guyana's export portfolio to Aruba demonstrates strategic specialization, with wood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407 representing a key competitive advantage in this bilateral market.
Aruba → Guyana Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guyana's import pattern from Aruba reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guyana demonstrates competitive strength in exportingwood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407 to Aruba, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $8.42M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guyana-Aruba Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $8.42 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guyana maintains a deficit of $8.42 million
- Export Focus: Guyana's primary exports include wood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407, foliage, branches and other parts of plants, without flowers or flower buds, and grasses, mosses and lichens: suitable for bouquets or for ornamental purposes, dried, dyed, bleached, impregnated or otherwise prepared
- Import Dependencies: Key imports from Aruba include 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
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $8.42M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Guyana leveraging its comparative advantages in wood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Guyana's specialization in wood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407complements Aruba's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in 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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $8.42M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $8.42M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $8.42 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in wood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407 and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guyana's trade deficit of $8.42 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Guyana and Aruba represents a total trade volume of $8.42 million in 2023. This partnership demonstrates an unfavorable trade balance for Guyana, with imports exceeding exportsby $8.42 million.
Export Strengths
Guyana's exports to Aruba total $0.00, with competitive advantages in wood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407, representing $10,158 orInfinity% of bilateral exports.
Import Dependencies
Imports from Aruba amount to $8.42 million, highlighting economic interdependence in 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, with 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 comprising100.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Guyana's strategic sourcing from Aruba. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Guyana and Aruba in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023