Switzerland (CHE) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Switzerland-Guatemala Trade: In 2022, Switzerland exported $74.7M to Guatemala. The main products that Switzerland exported to Guatemala were Iron Ingots ($9.97M), Packaged Medicaments ($7.2M), and Vitamins ($6.85M). Over the past 5 years the exports of Switzerland to Guatemala have increased at an annualized rate of 12%, from $42.4M in 2017 to $74.7M in 2022.

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

Guatemala-Switzerland Trade: In 2022, Guatemala exported $43.2M to Switzerland. The main products that Guatemala exported to Switzerland were Coffee ($19.3M), Alcohol > 80% ABV ($13.5M), and Paintings ($3.09M). Over the past 5 years the exports of Guatemala to Switzerland have increased at an annualized rate of 16.1%, from $20.5M in 2017 to $43.2M in 2022.

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

Comparison: In 2022, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). 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, Switzerland exported $74.7M to Guatemala. The main products exported from Switzerland to Guatemala were Iron Ingots ($9.97M), Packaged Medicaments ($7.2M), and Vitamins ($6.85M). During the last 5 years the exports of Switzerland to Guatemala have increased at an annualized rate of 12%, from $42.4M in 2017 to $74.7M in 2022.

In 2017, Guatemala exported $43.2M to Switzerland. The main products exported from Guatemala to Switzerland were Coffee ($19.3M), Alcohol > 80% ABV ($13.5M), and Paintings ($3.09M). During the last 5 years the exports of Guatemala to Switzerland have increased at an annualized rate of 16.1%, from $20.5M in 2022 to $43.2M in 2017.

Exports from Switzerland () to Guatemala () (2022)

Exports from Guatemala () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Guatemala ()

Switzerland Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Switzerland than Guatemala included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

In 2022, countries that imported more from Guatemala than Switzerland included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

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

Comparative Advantage Switzerland - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Guatemala in the exports of Chemical Products ($30.5M), Metals ($11.9M), and Machines ($11.5M).

During 2017, Guatemala had a large net trade with Switzerland in the exports of Vegetable Products ($20.5M), Foodstuffs ($15.4M), and Arts and Antiques ($3.09M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Guatemala+$10.1MVaccines, blood, antisera, toxins and cultures

Top Product Potential Guatemala Switzerland+$1MPalm 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Guatemala () (2022)

Exports from Guatemala () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Guatemala ()

Switzerland Exports

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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