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2023
Flag → Flag
Exports $100MRnk 111 / 223
2023
Flag → Flag
Top Product $27.6MCars
2023
Flag → Flag
Exports $135MRnk 17 / 170
2023
Flag → Flag
Top Product $26.8MBananas
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

United Kingdom-Guatemala Trade: In 2023, United Kingdom exported $100M to Guatemala. The main products that United Kingdom exported to Guatemala were Cars ($27.6M), Hard Liquor ($16.5M), and Packaged Medicaments ($6.65M). Over the past 5 years the exports of United Kingdom to Guatemala have increased at an annualized rate of 15.7%, from $48.3M in 2018 to $100M in 2023.

In 2023, United Kingdom did not export any services to Guatemala.

Guatemala-United Kingdom Trade: In 2023, Guatemala exported $135M to United Kingdom. The main products that Guatemala exported to United Kingdom were Bananas ($26.8M), Raw Sugar ($18.9M), and Alcohol > 80% ABV ($14.5M). Over the past 5 years the exports of Guatemala to United Kingdom have increased at an annualized rate of 4.51%,  from $108M in 2018 to $135M in 2023.

In 2023, Guatemala did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £4.07M and imported £5.05M from Guatemala, resulting in a negative trade balance of £980k. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-398k (-8.91%) from £4.47M to £4.07M, while imports decreased by £-758k (-13%) from £5.81M to £5.05M.

Trade In November 2024, the top exports of United Kingdom to Guatemala were Cars (£1.22M), Mixed Mineral or Chemical Fertilizers (£295k), Hard Liquor (£160k), Cheese (£104k), and Industrial Food Preperation Machinery (£92.4k). In November 2024 the top imports of United Kingdom from Guatemala were Hard Liquor (£1.59M), Bananas (£1.27M), Legumes (£941k), Tropical Fruits (£665k), and Other Fruits (£662k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£1.7M), Southampton (£1.34M), London Heathrow Airport (£285k), East Midlands Airport (£136k), and Felixstowe (£70.2k), while imports destinations were mainly London Gateway (£2.6M), Greenock (£801k), London Heathrow Airport (£756k), Felixstowe (£568k), and Immingham (£294k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Packaged Medicaments (£-57k or -98.1%), Plastic Lids (£-37.4k or -81.5%), and Coffee and Tea Extracts (£-18.2k or -52.2%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Legumes (£-881k or -48.4%), Nutmeg, mace and cardamons (£-81.5k or -26.1%), and Hard Liquor (£-72.6k or -4.36%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-398k(-8.91%)
IMPORT GROWTH (November 2023 - November 2024)£-758k(-13%)
MAIN EXPORTER (November 2024)London Gateway£1.7M

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

To check Guatemala and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $100M to Guatemala. The main products exported from United Kingdom to Guatemala were Cars ($27.6M), Hard Liquor ($16.5M), and Packaged Medicaments ($6.65M). During the last 5 years the exports of United Kingdom to Guatemala have increased at an annualized rate of 15.7%, from $48.3M in 2018 to $100M in 2023.

In 2018, Guatemala exported $135M to United Kingdom. The main products exported from Guatemala to United Kingdom were Bananas ($26.8M), Raw Sugar ($18.9M), and Alcohol > 80% ABV ($14.5M). During the last 5 years the exports of Guatemala to United Kingdom have increased at an annualized rate of 4.51%, from $108M in 2023 to $135M in 2018.

Exports from United Kingdom (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from United Kingdom than Guatemala included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Guatemala (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Guatemala

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Guatemala in the exports of Transportation ($29.9M), Chemical Products ($21M), and Foodstuffs ($20.6M).

During 2018, Guatemala had a large net trade with United Kingdom in the exports of Vegetable Products ($66.9M), Foodstuffs ($48.8M), and Textiles ($11.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Guatemala+$27.8MRefined Petroleum
Top Product Potential Guatemala United Kingdom+$13.9MCoffee

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

Product Space of United Kingdom (Flag) and Guatemala (Flag) (2023)

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