2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186

About

China-Guatemala Trade: In 2022, China exported $5.47B to Guatemala. The main products that China exported to Guatemala were Video Displays ($390M), Computers ($166M), and Motorcycles and cycles ($164M). Over the past 5 years the exports of China to Guatemala have increased at an annualized rate of 20.6%, from $2.14B in 2017 to $5.47B in 2022.

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

Guatemala-China Trade: In 2022, Guatemala exported $434M to China. The main products that Guatemala exported to China were Ferroalloys ($261M), Raw Sugar ($65.9M), and Nickel Ore ($41.8M). Over the past 5 years the exports of Guatemala to China have increased at an annualized rate of 33.3%,  from $77.6M in 2017 to $434M in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). 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, China exported $5.47B to Guatemala. The main products exported from China to Guatemala were Video Displays ($390M), Computers ($166M), and Motorcycles and cycles ($164M). During the last 5 years the exports of China to Guatemala have increased at an annualized rate of 20.6%, from $2.14B in 2017 to $5.47B in 2022.

In 2017, Guatemala exported $434M to China. The main products exported from Guatemala to China were Ferroalloys ($261M), Raw Sugar ($65.9M), and Nickel Ore ($41.8M). During the last 5 years the exports of Guatemala to China have increased at an annualized rate of 33.3%, from $77.6M in 2022 to $434M in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from China than Guatemala included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Guatemala than China included Honduras ($1.58B).

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

Comparative Advantage China - Guatemala

Flow
Scale

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

During 2022, China had a large net trade with Guatemala in the exports of Machines ($1.58B), Metals ($892M), and Textiles ($582M).

During 2017, Guatemala had a large net trade with China in the exports of Metals ($266M), Foodstuffs ($66.3M), and Vegetable Products ($46.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Guatemala+$125MTelephones
Top Product Potential Guatemala China+$52.3MFerroalloys

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

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

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