2023
Flag  
GDP
$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH
97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC 
$5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH
67.3%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC
$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195

About

Guatemala-Chile Trade: In 2023, Guatemala exported $154M to Chile. The main products that Guatemala exported to Chile were Raw Sugar ($104M), Rubber ($23.6M), and Animal Food ($6.66M). Over the past 5 years the exports of Guatemala to Chile have increased at an annualized rate of 2.18%, from $138M in 2018 to $154M in 2023.

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

Chile-Guatemala Trade: In 2023, Chile exported $218M to Guatemala. The main products that Chile exported to Guatemala were Processed Cereals ($18.8M), Sawn Wood ($18.6M), and Sulfate Chemical Woodpulp ($18.2M). Over the past 5 years the exports of Chile to Guatemala have increased at an annualized rate of 9.53%,  from $139M in 2018 to $218M in 2023.

In 2009, Chile exported services to Guatemala worth $7.39M, with Transportation ($7.39M) 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $154M to Chile. The main products exported from Guatemala to Chile were Raw Sugar ($104M), Rubber ($23.6M), and Animal Food ($6.66M). During the last 5 years the exports of Guatemala to Chile have increased at an annualized rate of 2.18%, from $138M in 2018 to $154M in 2023.

In 2018, Chile exported $218M to Guatemala. The main products exported from Chile to Guatemala were Processed Cereals ($18.8M), Sawn Wood ($18.6M), and Sulfate Chemical Woodpulp ($18.2M). During the last 5 years the exports of Chile to Guatemala have increased at an annualized rate of 9.53%, from $139M in 2023 to $218M in 2018.

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

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

Latest Data

Trade between Guatemala (Flag) and Chile (Flag)

Guatemala Exports

Chile Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.16B
Chile
Top Destination
China$38.2B

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

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

In 2023, countries that imported more from Chile than Guatemala included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Guatemala - Chile

Flow
Scale

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

During 2023, Guatemala had a large net trade with Chile in the exports of Foodstuffs ($115M), Plastics and Rubbers ($24.5M), and Chemical Products ($7.47M).

During 2018, Chile had a large net trade with Guatemala in the exports of Vegetable Products ($55.4M), Paper Goods ($50.8M), and Wood Products ($37.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Chile+$2.18MAnimal Food
Top Product Potential Chile Guatemala+$1.62MPackaged Medicaments

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

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

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