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2022
Flag → Flag
Exports $378MRnk 72 / 218
2022
Flag → Flag
Top Product $64.2MPackaged Medicaments
2022
Flag → Flag
Exports $327MRnk 9 / 162
2022
Flag → Flag
Top Product $181MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
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GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
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GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Spain-Guatemala Trade: In 2022, Spain exported $378M to Guatemala. The main products that Spain exported to Guatemala were Packaged Medicaments ($64.2M), Prepared Pigments ($18.6M), and Unglazed Ceramics ($15.7M). Over the past 5 years the exports of Spain to Guatemala have increased at an annualized rate of 7.07%, from $269M in 2017 to $378M in 2022.

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

Guatemala-Spain Trade: In 2022, Guatemala exported $327M to Spain. The main products that Guatemala exported to Spain were Palm Oil ($181M), Processed Fish ($55M), and Raw Sugar ($16.8M). Over the past 5 years the exports of Guatemala to Spain have increased at an annualized rate of 19.5%,  from $135M in 2017 to $327M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €23.2M and imported €16M from Guatemala, resulting in a positive trade balance of €7.27M. Between September 2023 and September 2024 the exports of Spain have decreased by €-2.75M (-10.6%) from €26M to €23.2M, while imports decreased by €-570k (-3.45%) from €16.5M to €16M.

Trade In September 2024, the top exports of Spain to Guatemala were Non-fillet Frozen Fish (€4.77M), Packaged Medicaments (€3.4M), Perfumes (€952k), Refined Petroleum (€822k), and Commodities not elsewhere specified (€700k). In September 2024 the top imports of Spain from Guatemala were Palm Oil (€14.3M), Processed Fish (€4.89M), Non-fillet Frozen Fish (€3.22M), Coconut Oil (€2.4M), and Crustaceans (€1.44M).

Origins In September 2024 the exports of Spain were mainly from Barcelona (€8.43M), Madrid (€2.47M), Castellón (€1.48M), Orense (€1.27M), and Valencia (€926k), while imports destinations were mainly A Coruña (€7.13M), Barcelona (€5.25M), Pontevedra (€1.49M), Madrid (€334k), and Guadalajara (€278k).

Growth In September 2024, the decrease in Spain's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Animal Food (€-1.43M or -80.8%), Prepared Pigments (€-1.14M or -63.6%), and Unglazed Ceramics (€-426k or -49.9%). In September 2024, the decrease in Spain's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Palm Oil (€-520k or -3.51%), Textile Scraps (€-259k or -91.1%), and Nutmeg, mace and cardamons (€-93.4k or -87.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-2.75M(-10.6%)
IMPORT GROWTH (September 2023 - September 2024)€-570k(-3.45%)
MAIN EXPORTER (September 2024)Barcelona€8.43M

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $378M to Guatemala. The main products exported from Spain to Guatemala were Packaged Medicaments ($64.2M), Prepared Pigments ($18.6M), and Unglazed Ceramics ($15.7M). During the last 5 years the exports of Spain to Guatemala have increased at an annualized rate of 7.07%, from $269M in 2017 to $378M in 2022.

In 2017, Guatemala exported $327M to Spain. The main products exported from Guatemala to Spain were Palm Oil ($181M), Processed Fish ($55M), and Raw Sugar ($16.8M). During the last 5 years the exports of Guatemala to Spain have increased at an annualized rate of 19.5%, from $135M in 2022 to $327M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Spain than Guatemala included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Guatemala

Flow
Scale

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

During 2022, Spain had a large net trade with Guatemala in the exports of Chemical Products ($134M), Machines ($58.4M), and Foodstuffs ($31.7M).

During 2017, Guatemala had a large net trade with Spain in the exports of Animal and Vegetable Bi-Products ($192M), Foodstuffs ($85M), and Animal Products ($28.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Guatemala+$13.5MRefined Petroleum
Top Product Potential Guatemala Spain+$8.4MCoffee

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

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

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