Guyana-Br. Virgin Isds Bilateral Trade Analysis 2023
Complete trade statistics: $61.64M total volume •Guyana deficit: $61.64M
Guyana → Br. Virgin Isds
$0
Exports (2023)
Br. Virgin Isds → Guyana
$61.64M
Imports (2023)
Trade Balance
$61.64M
Deficit for Guyana
Total Trade
$61.64M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guyana and Br. Virgin Isds. 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-Br. Virgin Isds commercial relationship and competitive positioning in global markets.
Guyana → Br. Virgin Isds Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guyana's export portfolio to Br. Virgin Isds demonstrates strategic specialization, with rum and other spirits obtained by distilling fermented sugar-cane products representing a key competitive advantage in this bilateral market.
Br. Virgin Isds → Guyana Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guyana's import pattern from Br. Virgin Isds 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 exportingrum and other spirits obtained by distilling fermented sugar-cane products to Br. Virgin Isds, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $61.64M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guyana-Br. Virgin Isds Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $61.64 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guyana maintains a deficit of $61.64 million
- Export Focus: Guyana's primary exports include rum and other spirits obtained by distilling fermented sugar-cane products, 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, wood: non-coniferous, other than bamboo or tropical wood, (including unassembled strips and friezes for parquet flooring), continuously shaped along any edges, ends or faces, whether or not planed, sanded or end-jointed
- Import Dependencies: Key imports from Br. Virgin Isds 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, sugars: molasses, from sugar beet, resulting from the extraction or refining of sugar, cement: portland, other than white, whether or not artificially coloured
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 $61.64M 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 rum and other spirits obtained by distilling fermented sugar-cane products.
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 rum and other spirits obtained by distilling fermented sugar-cane productscomplements Br. Virgin Isds'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 $61.64M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $61.64M 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 $61.64 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in rum and other spirits obtained by distilling fermented sugar-cane products 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 $61.64 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 Br. Virgin Isds represents a total trade volume of $61.64 million in 2023. This partnership demonstrates an unfavorable trade balance for Guyana, with imports exceeding exportsby $61.64 million.
Export Strengths
Guyana's exports to Br. Virgin Isds total $0.00, with competitive advantages in rum and other spirits obtained by distilling fermented sugar-cane products, representing $148,756 orInfinity% of bilateral exports.
Import Dependencies
Imports from Br. Virgin Isds amount to $61.64 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 comprising80.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Guyana's strategic sourcing from Br. Virgin Isds. 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 Br. Virgin Isds in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023