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Pricing

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Flag → Flag
Top Product $3.15kOffice Machine Parts
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Flag → Flag
Exports $1.2MRnk 103 / 162
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Flag → Flag
Top Product $922kSowing Seeds
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
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GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
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GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
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GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

In N/A, Azerbaijan did not export any services to Guatemala.

Guatemala-Azerbaijan Trade: In N/A, Guatemala exported $1.2M to Azerbaijan. The main products that Guatemala exported to Azerbaijan were Sowing Seeds ($922k), Nutmeg, mace and cardamons ($177k), and Coffee ($39.4k). Over the past N/A years the exports of Guatemala to Azerbaijan have increased at an annualized rate of 43.4%,  from $198k in N/A to $1.2M in N/A.

In N/A, Guatemala did not export any services to Azerbaijan.

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). 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
Value

Azerbaijan does not register exports to Guatemala. The main products exported from Azerbaijan to Guatemala were Office Machine Parts ($3.15k), Motor vehicles; parts and accessories (8701 to 8705) ($2.04k), and Centrifuges ($312).

In 2017, Guatemala exported $1.2M to Azerbaijan. The main products exported from Guatemala to Azerbaijan were Sowing Seeds ($922k), Nutmeg, mace and cardamons ($177k), and Coffee ($39.4k). During the last 5 years the exports of Guatemala to Azerbaijan have increased at an annualized rate of 43.4%, from $198k in 2022 to $1.2M in 2017.

Exports from Azerbaijan (Flag) to Guatemala (Flag) (2022)

Exports from Guatemala (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Guatemala (Flag)

Guatemala Exports

Date

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Azerbaijan than Guatemala included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Difference in imports from Guatemala (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Guatemala

Flow
Scale

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

During 2017, Guatemala had a large net trade with Azerbaijan in the exports of Vegetable Products ($1.15M), Foodstuffs ($27.4k), and Textiles ($24.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Guatemala+$6.16kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Guatemala Azerbaijan+$97.1kCoffee

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

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

Product Space of Azerbaijan (Flag) and Guatemala (Flag) (2022)

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