Armenia (ARM) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Armenia-Guatemala Trade: In 2022, Armenia exported $146k to Guatemala. The main products that Armenia exported to Guatemala were Aluminium Foil ($58.3k), Chocolate ($42.2k), and Flavored Water ($11.9k). Over the past 11 years the exports of Armenia to Guatemala have decreased at an annualized rate of 1.61%, from $174k in 2011 to $146k in 2022.

In 2022, Armenia did not export any services to Guatemala.

Guatemala-Armenia Trade: In 2022, Guatemala exported $171k to Armenia. The main products that Guatemala exported to Armenia were Sowing Seeds ($88.4k), Hard Liquor ($27.3k), and Knit T-shirts ($12.3k). Over the past 11 years the exports of Guatemala to Armenia have increased at an annualized rate of 40.3%, from $31.5k in 2011 to $171k in 2022.

In 2022, Guatemala did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $146k to Guatemala. The main products exported from Armenia to Guatemala were Aluminium Foil ($58.3k), Chocolate ($42.2k), and Flavored Water ($11.9k). During the last 11 years the exports of Armenia to Guatemala have decreased at an annualized rate of 1.61%, from $174k in 2011 to $146k in 2022.

In 2017, Guatemala exported $171k to Armenia. The main products exported from Guatemala to Armenia were Sowing Seeds ($88.4k), Hard Liquor ($27.3k), and Knit T-shirts ($12.3k). During the last 5 years the exports of Guatemala to Armenia have increased at an annualized rate of 40.3%, from $31.5k in 2022 to $171k in 2017.

Exports from Armenia () to Guatemala () (2022)

Exports from Guatemala () to Armenia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Guatemala
Top DestinationUnited States$5.23B

This map shows whether countries import more from Armenia or Guatemala. Each country is colored based on the difference in imports they receive from Armenia and Guatemala or the difference in the growth in imports.

In 2022, countries that imported more from Armenia than Guatemala included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

In 2022, countries that imported more from Guatemala than Armenia included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

Difference in imports from Guatemala () and Armenia () (2022)

Comparative Advantage Armenia - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Guatemala by product, considering products traded by both, Armenia and Guatemala.

During 2022, Armenia had a large net trade with Guatemala in the exports of Foodstuffs ($69.2k), Metals ($61.6k), and Paper Goods ($8.83k).

During 2017, Guatemala had a large net trade with Armenia in the exports of Vegetable Products ($114k), Foodstuffs ($27.9k), and Textiles ($25.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Guatemala+$78.1kAluminium Foil

Top Product Potential Guatemala Armenia+$53.1kCoffee

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Guatemala. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Guatemala () (2022)

Exports from Guatemala () to Armenia () (2022)

Market Competitiveness

Difference in imports from Guatemala () and Armenia () (2022)

Comparative Advantage Armenia - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Guatemala () (2022)

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