Colombia (COL) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Colombia-Guatemala Trade: In 2023, Colombia exported $545M to Guatemala. The main products that Colombia exported to Guatemala were N/A. Over the past 5 years the exports of Colombia to Guatemala have increased at an annualized rate of 3.57%, from $458M in 2018 to $545M in 2023.

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

Guatemala-Colombia Trade: In 2023, Guatemala exported $72.6M to Colombia. The main products that Guatemala exported to Colombia were Industrial Fatty Acids, Oils and Alcohols ($23.7M), Rubber ($11.7M), and Raw Sugar ($11.7M). Over the past 5 years the exports of Guatemala to Colombia have increased at an annualized rate of 14.3%, from $37.2M in 2018 to $72.6M in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $545M to Guatemala. There were not main exports from Colombia to Guatemala in 2023. During the last 5 years the exports of Colombia to Guatemala have increased at an annualized rate of 3.57%, from $458M in 2018 to $545M in 2023.

In 2018, Guatemala exported $72.6M to Colombia. The main products exported from Guatemala to Colombia were Industrial Fatty Acids, Oils and Alcohols ($23.7M), Rubber ($11.7M), and Raw Sugar ($11.7M). During the last 5 years the exports of Guatemala to Colombia have increased at an annualized rate of 14.3%, from $37.2M in 2023 to $72.6M in 2018.

Exports from Colombia () to Guatemala () (2023)

Exports from Guatemala () to Colombia () (2023)

Latest Data

Trade between Colombia () and Guatemala ()

Colombia Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Colombia than Guatemala included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

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

Comparative Advantage Colombia - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Guatemala in the exports of Mineral Products ($178M), Chemical Products ($108M), and Machines ($69.6M).

During 2018, Guatemala had a large net trade with Colombia in the exports of Chemical Products ($36M), Foodstuffs ($14.4M), and Plastics and Rubbers ($12.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Guatemala+$6.27MRefined Petroleum

Top Product Potential Guatemala Colombia+$4.56MPesticides

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Guatemala () (2023)

Exports from Guatemala () to Colombia () (2023)

Latest Data

Trade between Colombia () and Guatemala ()

Colombia Exports

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Colombia - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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