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2022
Flag → Flag
Exports $331Rnk 76 / 89
2022
Flag → Flag
Top Product $331Air Pumps
2022
Flag → Flag
Exports $101kRnk 140 / 162
2022
Flag → Flag
Top Product $33.5kWood Carpentry
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Bermuda-Guatemala Trade: In 2022, Bermuda exported $331 to Guatemala. The main products that Bermuda exported to Guatemala were Air Pumps ($331). Over the past 14 years the exports of Bermuda to Guatemala have decreased at an annualized rate of 31.2%, from $61.9k in 2008 to $331 in 2022.

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

Guatemala-Bermuda Trade: In 2022, Guatemala exported $101k to Bermuda. The main products that Guatemala exported to Bermuda were Wood Carpentry ($33.5k), Non-Knit Women's Suits ($33.4k), and Hard Liquor ($27.6k). Over the past 14 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 12.9%,  from $202k in 2008 to $101k in 2022.

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

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. 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

In 2022, Bermuda exported $331 to Guatemala. The main products exported from Bermuda to Guatemala were Air Pumps ($331). During the last 14 years the exports of Bermuda to Guatemala have decreased at an annualized rate of 31.2%, from $61.9k in 2008 to $331 in 2022.

In 2017, Guatemala exported $101k to Bermuda. The main products exported from Guatemala to Bermuda were Wood Carpentry ($33.5k), Non-Knit Women's Suits ($33.4k), and Hard Liquor ($27.6k). During the last 5 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 12.9%, from $202k in 2022 to $101k in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Guatemala (Flag)

Guatemala Exports

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Bermuda than Guatemala included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

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

Comparative Advantage Bermuda - Guatemala

Flow
Scale

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

During 2022, Bermuda had a large net trade with Guatemala in the exports of Machines ($331).

During 2017, Guatemala had a large net trade with Bermuda in the exports of Textiles ($33.8k), Wood Products ($33.5k), and Foodstuffs ($27.6k).

Economic Complexity

Competitive Landscape

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

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

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