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2023
Flag → Flag
Exports $469MRnk 42 / 215
2023
Flag → Flag
Top Product $187MWheat
2023
Flag → Flag
Exports $487MRnk 8 / 170
2023
Flag → Flag
Top Product $172MBananas
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Canada-Guatemala Trade: In 2023, Canada exported $469M to Guatemala. The main products that Canada exported to Guatemala were Wheat ($187M), Cars ($54.3M), and Refined Petroleum ($42M). Over the past 5 years the exports of Canada to Guatemala have increased at an annualized rate of 31.1%, from $121M in 2018 to $469M in 2023.

In 2020, Canada exported services to Guatemala worth $9.69M, with Travel ($8.95M) and Computer and information services ($746k) being the largest in terms of value.

Guatemala-Canada Trade: In 2023, Guatemala exported $487M to Canada. The main products that Guatemala exported to Canada were Bananas ($172M), Coffee ($103M), and Melons ($44M). Over the past 5 years the exports of Guatemala to Canada have increased at an annualized rate of 4.6%,  from $389M in 2018 to $487M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$23.6M and imported C$55.6M from Guatemala, resulting in a negative trade balance of C$32.1M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-9.48M (-28.7%) from C$33.1M to C$23.6M, while imports decreased by C$-4.23M (-7.07%) from C$59.9M to C$55.6M.

Trade In November 2024, the top exports of Canada to Guatemala were Wheat (C$12.9M), Potassic Fertilizers (C$2.27M), Potatoes (C$1.11M), Other Furniture (C$652k), and Poultry (C$394k). In November 2024 the top imports of Canada from Guatemala were Bananas (C$23.5M), Raw Sugar (C$22.6M), Coffee (C$13.5M), Melons (C$8.95M), and Legumes (C$3.25M).

Origins In November 2024 the exports of Canada were mainly from Saskatchewan (C$8.65M), Ontario (C$6.02M), Alberta (C$3.98M), Manitoba (C$2.17M), and Quebec (C$1.59M), while imports destinations were mainly Ontario (C$26.4M), Quebec (C$11.4M), British Columbia (C$7.76M), Alberta (C$6.68M), and New Brunswick (C$1.56M).

Growth In November 2024, the decrease in Canada's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Kraft Paper (C$-468k or -95.9%), Malt Extract (C$-131k or -49.5%), and Used Clothing (C$-91.6k or -73.1%). In November 2024, the decrease in Canada's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Hard Liquor (C$-523k or -88.6%), Leather Apparel (C$-325k or -87.7%), and Jams (C$-143k or -59.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-9.48M(-28.7%)
IMPORT GROWTH (November 2023 - November 2024)C$-4.23M(-7.07%)
MAIN EXPORTER (November 2024)SaskatchewanC$8.65M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Guatemala and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $469M to Guatemala. The main products exported from Canada to Guatemala were Wheat ($187M), Cars ($54.3M), and Refined Petroleum ($42M). During the last 5 years the exports of Canada to Guatemala have increased at an annualized rate of 31.1%, from $121M in 2018 to $469M in 2023.

In 2018, Guatemala exported $487M to Canada. The main products exported from Guatemala to Canada were Bananas ($172M), Coffee ($103M), and Melons ($44M). During the last 5 years the exports of Guatemala to Canada have increased at an annualized rate of 4.6%, from $389M in 2023 to $487M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Canada than Guatemala included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

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

Comparative Advantage Canada - Guatemala

Flow
Scale

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

During 2023, Canada had a large net trade with Guatemala in the exports of Vegetable Products ($196M), Transportation ($67.5M), and Chemical Products ($61.1M).

During 2018, Guatemala had a large net trade with Canada in the exports of Vegetable Products ($377M), Textiles ($49.8M), and Foodstuffs ($47.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Guatemala+$18.9MRefined Petroleum
Top Product Potential Guatemala Canada+$21.7MCoffee

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

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

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