Guyana’s crude oil exports in 2025 positioned a small group of countries as its dominant trading partners, as those nations consistently appeared throughout the year as direct destinations for Guyanese crude shipments, in data analyzed by OilNOW.
Major destinations for Guyana’s oil exports were the Netherlands, the United Kingdom, Panama, Spain, Italy, and the United States.
Crude oil exports generated an estimated US$17.8 billion in earnings in 2025, accounting for more than 85% of Guyana’s total export receipts, according to figures published in the government’s 2026 budget. Total export earnings rose 1.8% to about US$20.1 billion, despite a sharp decline in oil prices during the year.
While the volume of crude oil exports expanded by an estimated 15.8% to just over 260 million barrels, export earnings from oil slipped 1% compared with 2024, as average crude prices fell by 14.5%. Oil exports were valued at US$17.99 billion in 2024.
ExxonMobil Guyana operates all assets producing crude oil in the country, under a production sharing agreement with co-venturers Hess and CNOOC, and the Guyana government.
Under the agreement, the companies can use up to 75% of annual production for cost recovery, with the remaining 25% classified as profit oil, split evenly between the State and the consortium. Guyana also receives a 2% royalty on the value of all crude produced and sold.
As a result, of the US$17.8 billion generated from crude oil exports in 2025, Guyana earned about US$2.1 billion from the sale of its share of crude oil, with additional revenue coming from royalties, the budget figures showed.
Non-oil exports provided a partial buffer against weaker oil prices. Earnings from non-oil exports were estimated at US$2.3 billion, driven mainly by strong performances in gold and bauxite, with gold exports rising 63.4% to US$1.6 billion and bauxite exports increasing 52% to $144.1 million, supported by higher export volumes and favorable global prices.
Guyana’s 2026 National Budget was delivered on January 26, 2026.
