Major exports of Guyana
Guyana's major exports highlight the country's rich natural resources and agricultural potential. From gold and rice to timber and sugar, Guyana leverages its valuable commodities to contribute to international trade. The United States, Canada, and the Caribbean countries serve as significant trading partners, facilitating the growth of Guyanese exports.
Gold
Gold is the top export of Guyana and a vital contributor to the country's economy. Guyana has extensive gold reserves and attracts significant foreign investment for mining operations. The United States, Canada, Belgium, and the United Arab Emirates are the primary trading partners for Guyanese gold. The export volume for this sector reaches approximately 700,000 ounces, with a value exceeding $1 billion.
Rice
Rice production is a major agricultural sector in Guyana, and the country is recognized as a significant rice exporter. Guyanese rice is known for its high quality and is in demand in international markets. Venezuela, Panama, the United States, and the United Kingdom are the major trading partners for Guyanese rice. The export volume of rice is estimated at around 500,000 metric tons, with a value exceeding $200 million.
Sugar
Sugar production has a long history in Guyana and remains a prominent export commodity. Guyana produces both raw and refined sugar, catering to global demand. The United Kingdom, the United States, Canada, and Jamaica are the primary trading partners for Guyanese sugar. The export volume for this sector is estimated at approximately 200,000 metric tons, with a value exceeding $100 million.
Timber and Wood Products
Guyana possesses vast forest resources, making timber and wood products a significant export. Guyanese timber is valued for its quality and sustainability. The United States, China, India, and the Caribbean countries are the major trading partners for Guyanese timber and wood products. The export value for this sector exceeds $70 million.
Fish and Seafood
Guyana's coastal location and rich marine resources contribute to a thriving fishing industry. Guyanese fish and seafood products, including shrimp, fish fillets, and mollusks, are exported to international markets. The United States, the European Union, Canada, and the Caribbean countries are the primary trading partners in this sector. The export value for fish and seafood exceeds $50 million.
Bauxite and Aluminum
Guyana is rich in bauxite reserves, which are used in the production of aluminum. Bauxite and aluminum exports contribute to the country's economy. Canada, Russia, Norway, and Ukraine are the major trading partners for Guyanese bauxite and aluminum. The export volume for this sector is estimated at around 1.5 million metric tons, with a value exceeding $40 million.
Edible Oils and Fats
Guyana exports various edible oils and fats, including coconut oil and palm oil. These products are used in culinary and industrial applications. The United States, the Caribbean countries, Canada, and the United Kingdom are the major trading partners for Guyanese edible oils and fats. The export value for this sector is estimated at approximately $30 million.
Diamonds
Guyana possesses significant diamond deposits, and diamond mining contributes to the country's export portfolio. The United States, Belgium, India, and the United Arab Emirates are the primary trading partners for Guyanese diamonds. The export value for diamonds exceeds $20 million.
Non-Alcoholic Beverages
Guyana exports non-alcoholic beverages, including fruit juices and bottled water. These products cater to domestic and international markets. The United States, Canada, the Caribbean countries, and the United Kingdom are the major trading partners for Guyanese non-alcoholic beverages. The export value for this sector exceeds $15 million.
Coconut Products
Guyana exports various coconut products, including coconut oil, coconut water, and desiccated coconut. These products have gained popularity globally due to their health benefits and culinary uses. The United States, the Caribbean countries, Canada, and the United Kingdom are the primary trading partners for Guyanese coconut products. The export value for this sector is estimated at approximately $10 million.
