Georgia (GEO) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

2023

GDP$30.8BCURRENT US$
Rnk 109 / 195

2013-2023

GDP GROWTH75.7%CURRENT US$
Rnk 33 / 195

2023

GDP$104BCURRENT US$
Rnk 68 / 195

2013-2023

GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195

2023

GDP PC $8,284CURRENT US$
Rnk 94 / 195

2013-2023

GDP PC GROWTH75.8%CURRENT US$
Rnk 19 / 195

2023

GDP PC$5,763CURRENT US$
Rnk 117 / 196

2013-2023

GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Georgia-Guatemala Trade: In 2023, Georgia exported $739k to Guatemala. The main products that Georgia exported to Guatemala were Other Firearms ($421k), Washing and Bottling Machines ($143k), and Amino-resins ($36k). Over the past 6 years the exports of Georgia to Guatemala have increased at an annualized rate of 18.6%, from $265k in 2017 to $739k in 2023.

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

Guatemala-Georgia In N/A, Guatemala did not export any products to Georgia.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Latest Data

Trade between Georgia () and Guatemala ()

Georgia Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Georgia than Guatemala included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

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

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Guatemala+$41.1kKnit T-shirts

Top Product Potential Guatemala Georgia+$2.73kRaw Sugar

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

About

Historical Data

Latest Data

Trade between Georgia () and Guatemala ()

Georgia Exports

Guatemala Exports

Market Competitiveness

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

Potential Exports

Potential Exports

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Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Georgia () and Guatemala () (NaN)

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