Cameroon (CMR) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Cameroon-Guatemala Trade: In 2023, Cameroon exported $134k to Guatemala. The main products that Cameroon exported to Guatemala were Electrical Transformers ($60.8k), Sawn Wood ($55.2k), and Party Decorations ($11.7k). Over the past 5 years the exports of Cameroon to Guatemala have increased at an annualized rate of 35%, from $30k in 2018 to $134k in 2023.

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

Guatemala-Cameroon Trade: In 2023, Guatemala exported $859k to Cameroon. The main products that Guatemala exported to Cameroon were Raw Sugar ($489k), Mixed Mineral or Chemical Fertilizers ($190k), and Plastic Lids ($180k). Over the past 5 years the exports of Guatemala to Cameroon have decreased at an annualized rate of 14.1%, from $1.84M in 2018 to $859k in 2023.

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

Comparison: In 2023, Cameroon ranked 119 in the Economic Complexity Index (ECI -1.2), and 117 in total exports ($6.76B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cameroon exported $134k to Guatemala. The main products exported from Cameroon to Guatemala were Electrical Transformers ($60.8k), Sawn Wood ($55.2k), and Party Decorations ($11.7k). During the last 5 years the exports of Cameroon to Guatemala have increased at an annualized rate of 35%, from $30k in 2018 to $134k in 2023.

In 2018, Guatemala exported $859k to Cameroon. The main products exported from Guatemala to Cameroon were Raw Sugar ($489k), Mixed Mineral or Chemical Fertilizers ($190k), and Plastic Lids ($180k). During the last 5 years the exports of Guatemala to Cameroon have decreased at an annualized rate of 14.1%, from $1.84M in 2023 to $859k in 2018.

Exports from Cameroon () to Guatemala () (2023)

Exports from Guatemala () to Cameroon () (2023)

Latest Data

Trade between Cameroon () and Guatemala ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cameroon
Top DestinationNetherlands$1.44B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Cameroon than Guatemala included France ($937M), Netherlands ($1.44B), and United Arab Emirates ($899M).

In 2023, countries that imported more from Guatemala than Cameroon included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

Difference in imports from Guatemala () and Cameroon () (2023)

Comparative Advantage Cameroon - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cameroon had a large net trade with Guatemala in the exports of Machines ($60.8k), Wood Products ($55.2k), and Miscellaneous ($14.9k).

During 2018, Guatemala had a large net trade with Cameroon in the exports of Foodstuffs ($489k), Chemical Products ($190k), and Plastics and Rubbers ($180k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Cameroon Guatemala+$23kPalm Oil

Top Product Potential Guatemala Cameroon+$399kPesticides

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

About

Historical Data

Bilateral Trade by Products

Exports from Cameroon () to Guatemala () (2023)

Exports from Guatemala () to Cameroon () (2023)

Latest Data

Trade between Cameroon () and Guatemala ()

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Cameroon () (2023)

Comparative Advantage Cameroon - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cameroon () and Guatemala () (2023)

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