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Pricing

2023
Flag → Flag
Exports $29.1MRnk 66 / 138
2023
Flag → Flag
Top Product $4.23MNon-Knit Men's Suits
2023
Flag → Flag
Exports $2.47MRnk 42 / 170
2023
Flag → Flag
Top Product $18.6MNutmeg, mace and cardamons
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $2,551CURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Bangladesh-Guatemala Trade: In 2023, Bangladesh exported $29.1M to Guatemala. The main products that Bangladesh exported to Guatemala were Non-Knit Men's Suits ($4.23M), Non-Knit Women's Suits ($3.36M), and Knit T-shirts ($3.02M). Over the past 5 years the exports of Bangladesh to Guatemala have increased at an annualized rate of 84.6%, from $1.36M in 2018 to $29.1M in 2023.

In 2023, Bangladesh did not export any services to Guatemala.

Guatemala-Bangladesh Trade: In 2023, Guatemala exported $18.6M to Bangladesh. The main products that Guatemala exported to Bangladesh were Nutmeg, mace and cardamons ($18.6M) and Narrow Woven Fabric ($590). Over the past 5 years the exports of Guatemala to Bangladesh have decreased at an annualized rate of 13.1%,  from $37.4M in 2018 to $18.6M in 2023.

In 2023, Guatemala did not export any services to Bangladesh.

Comparison: In 2023,  Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bangladesh exported $29.1M to Guatemala. The main products exported from Bangladesh to Guatemala were Non-Knit Men's Suits ($4.23M), Non-Knit Women's Suits ($3.36M), and Knit T-shirts ($3.02M). During the last 11 years the exports of Bangladesh to Guatemala have increased at an annualized rate of 66,4%, from $12 in 2004 to $29.1M in 2023.

In 2018, Guatemala exported $18.6M to Bangladesh. The main products exported from Guatemala to Bangladesh were Nutmeg, mace and cardamons ($18.6M) and Narrow Woven Fabric ($590). During the last 5 years the exports of Guatemala to Bangladesh have decreased at an annualized rate of 209%, from $8.77k in 2009 to $18.6M in 2018.

Exports from Bangladesh (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to Bangladesh (Flag) (2023)

Latest Data

Trade between Bangladesh (Flag) and Guatemala (Flag)

Guatemala Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Bangladesh than Guatemala included Germany ($8.28B), United Kingdom ($4.25B), and Spain ($3.95B).

In 2023, countries that imported more from Guatemala than Bangladesh included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

Difference in imports from Guatemala (Flag) and Bangladesh (Flag) (2023)

Comparative Advantage Bangladesh - Guatemala

Flow
Scale

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

During 2023, Bangladesh had a large net trade with Guatemala in the exports of Textiles ($22M), Footwear and Headwear ($3.38M), and Chemical Products ($1.46M).

During 2018, Guatemala had a large net trade with Bangladesh in the exports of Vegetable Products ($18.6M) and Textiles ($590).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Guatemala+$4.41MKnit T-shirts
Top Product Potential Guatemala Bangladesh+$5.93kPalm Oil

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 Bangladesh and Guatemala. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Bangladesh.

Product Space of Bangladesh (Flag) and Guatemala (Flag) (2023)

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