Guyana-Saint Lucia Bilateral Trade Analysis 2023
Complete trade statistics: $93.32M total volume •Guyana surplus: $66.88M
Guyana → Saint Lucia
$80.10M
Exports (2023)
Saint Lucia → Guyana
$13.22M
Imports (2023)
Trade Balance
$66.88M
Surplus for Guyana
Total Trade
$93.32M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guyana and Saint Lucia. 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-Saint Lucia commercial relationship and competitive positioning in global markets.
Guyana → Saint Lucia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guyana's export portfolio to Saint Lucia demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Saint Lucia → Guyana Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guyana's import pattern from Saint Lucia reveals significant dependencyin pebbles, gravel, broken or crushed stone: of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guyana demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Saint Lucia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $93.32M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guyana-Saint Lucia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $93.32 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guyana maintains a surplus of $66.88 million
- Export Focus: Guyana's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, sugars: cane sugar, raw, in solid form, other than as specified in subheading note 2 to this chapter, not containing added flavouring or colouring matter
- Import Dependencies: Key imports from Saint Lucia include pebbles, gravel, broken or crushed stone: of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated, bitumen and asphalt, natural: asphaltites and asphaltic rock, beer: made from malt
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 $93.32M 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 oils: petroleum oils and oils obtained from bituminous minerals, crude.
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 oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Saint Lucia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in pebbles, gravel, broken or crushed stone: of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $93.32M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $93.32M 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 $93.32 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and pebbles, gravel, broken or crushed stone: of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guyana's trade surplus of $66.88 million strengthens 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 Saint Lucia represents a total trade volume of $93.32 million in 2023. This partnership demonstrates a favorable trade balance for Guyana, with exports exceeding importsby $66.88 million.
Export Strengths
Guyana's exports to Saint Lucia total $80.10 million, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $75.60M or94.4% of bilateral exports.
Import Dependencies
Imports from Saint Lucia amount to $13.22 million, highlighting economic interdependence in pebbles, gravel, broken or crushed stone: of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated, with Pebbles, gravel, broken or crushed stone: of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated comprising57.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Guyana's competitive position in this bilateral relationship. 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 Saint Lucia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023