Exporting guide to Guyana

Overview

Guyana (officially the Co-operative Republic of Guyana), is a country in the north of South America. Total UK exports in the year up until April 2019 amounted to £465m, making it the UK’s 84th largest export market (ONS, 2019).

Strengthening economy

The import market has seen steady growth over the last five years, and this was expected to increase further in 2020 (IMF, 2019). UK exports increased in the year up to March 2019 by 159.8% (ONS, 2019). GDP is also increasing rapidly, and GDP per capita is projected to increase by 400% by 2025 (IMF, 2019).

English speaking

Guyana has under 800,000 citizens (ONS, 2019). It is the only English-speaking nation in South America. UK businesses interested in operating there will benefit from English-speaking potential partners and workforce.

Geolocation

Its strategic location makes it a gateway to South America (the country borders both Brazil and Venezuela), and also (via sea routes) to its top export destinations: the United States, Canada and China (OEC, 2019). If you are a UK business looking to reach a wide market audience, Guyana may be a great option for you.

Mining machinery

Guyana: at a glance

Currency

Guyanese dollar

Business language

English

GDP per capita

$9,644

Actual figure (IMF, 2021). The UK is $47,203 (IMF, 2021, projected figure).

Economic growth

19.9%

(IMF, 2021)

Time zone

GMT -4

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Check for trade barriers

Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.

See current trade barriers

See resolved trade barriers

Check duties and customs

Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.

See current duties and customs procedures

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.