Guatemala (GTM) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Guatemala-Bolivia Trade: In 2022, Guatemala exported $11.2M to Bolivia. The main products that Guatemala exported to Bolivia were Pesticides ($8.62M), Confectionery Sugar ($684k), and Mixed Mineral or Chemical Fertilizers ($502k). Over the past 5 years the exports of Guatemala to Bolivia have increased at an annualized rate of 34.9%, from $2.5M in 2017 to $11.2M in 2022.

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

Bolivia-Guatemala Trade: In 2022, Bolivia exported $4.38M to Guatemala. The main products that Bolivia exported to Guatemala were Soybean Oil ($2.4M), Tanned Equine and Bovine Hides ($1.04M), and Borax ($239k). Over the past 5 years the exports of Bolivia to Guatemala have increased at an annualized rate of 23%, from $1.27M in 2017 to $4.38M in 2022.

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

Comparison: In 2022, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $11.2M to Bolivia. The main products exported from Guatemala to Bolivia were Pesticides ($8.62M), Confectionery Sugar ($684k), and Mixed Mineral or Chemical Fertilizers ($502k). During the last 5 years the exports of Guatemala to Bolivia have increased at an annualized rate of 34.9%, from $2.5M in 2017 to $11.2M in 2022.

In 2017, Bolivia exported $4.38M to Guatemala. The main products exported from Bolivia to Guatemala were Soybean Oil ($2.4M), Tanned Equine and Bovine Hides ($1.04M), and Borax ($239k). During the last 5 years the exports of Bolivia to Guatemala have increased at an annualized rate of 23%, from $1.27M in 2022 to $4.38M in 2017.

Exports from Guatemala () to Bolivia () (2022)

Exports from Bolivia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Bolivia ()

Guatemala Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Guatemala than Bolivia included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Bolivia than Guatemala included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia () and Guatemala () (2022)

Comparative Advantage Guatemala - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Bolivia in the exports of Chemical Products ($9.28M), Foodstuffs ($1.01M), and Textiles ($422k).

During 2017, Bolivia had a large net trade with Guatemala in the exports of Animal and Vegetable Bi-Products ($2.4M), Animal Hides ($1.04M), and Mineral Products ($239k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Bolivia+$1.29MPesticides

Top Product Potential Bolivia Guatemala+$2.04MSoybean Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Bolivia () (2022)

Exports from Bolivia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Bolivia ()

Guatemala Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Guatemala () (2022)

Comparative Advantage Guatemala - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Bolivia () (2022)

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