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2023
Flag → Flag
Exports $487MRnk 8 / 170
2023
Flag → Flag
Top Product $172MBananas
2023
Flag → Flag
Exports $469MRnk 42 / 215
2023
Flag → Flag
Top Product $187MWheat
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Guatemala-Canada Trade: In 2023, Guatemala exported $487M to Canada. The main products that Guatemala exported to Canada were Bananas ($172M), Coffee ($103M), and Melons ($44M). Over the past 5 years the exports of Guatemala to Canada have increased at an annualized rate of 4.6%, from $389M in 2018 to $487M in 2023.

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

Canada-Guatemala Trade: In 2023, Canada exported $469M to Guatemala. The main products that Canada exported to Guatemala were Wheat ($187M), Cars ($54.3M), and Refined Petroleum ($42M). Over the past 5 years the exports of Canada to Guatemala have increased at an annualized rate of 31.1%,  from $121M in 2018 to $469M in 2023.

In 2020, Canada exported services to Guatemala worth $9.69M, with Travel ($8.95M) and Computer and information services ($746k) being the largest in terms of value.

Comparison: In 2023,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $487M to Canada. The main products exported from Guatemala to Canada were Bananas ($172M), Coffee ($103M), and Melons ($44M). During the last 5 years the exports of Guatemala to Canada have increased at an annualized rate of 4.6%, from $389M in 2018 to $487M in 2023.

In 2018, Canada exported $469M to Guatemala. The main products exported from Canada to Guatemala were Wheat ($187M), Cars ($54.3M), and Refined Petroleum ($42M). During the last 5 years the exports of Canada to Guatemala have increased at an annualized rate of 31.1%, from $121M in 2023 to $469M in 2018.

Exports from Guatemala (Flag) to Canada (Flag) (2023)

Exports from Canada (Flag) to Guatemala (Flag) (2023)

Latest Data

Trade between Guatemala (Flag) and Canada (Flag)

Guatemala Exports

Canada Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.16B
Canada
Top DestinationUnited States$410B

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

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

In 2023, countries that imported more from Canada than Guatemala included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada (Flag) and Guatemala (Flag) (2023)

Comparative Advantage Guatemala - Canada

Flow
Scale

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

During 2023, Guatemala had a large net trade with Canada in the exports of Vegetable Products ($377M), Textiles ($49.8M), and Foodstuffs ($47.9M).

During 2018, Canada had a large net trade with Guatemala in the exports of Vegetable Products ($196M), Transportation ($67.5M), and Chemical Products ($61.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Canada+$21.7MCoffee
Top Product Potential Canada Guatemala+$18.9MRefined Petroleum

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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Bilateral Service Trade

In 2020, Canada exported services to Guatemala worth $9.69M, with Travel ($8.95M) and Computer and information services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Guatemala (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Guatemala and Canada. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Guatemala.

Product Space of Guatemala (Flag) and Canada (Flag) (2023)

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