Guatemala (GTM) and China (CHN) Trade | The Observatory of Economic Complexity

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Guatemala-China Trade: In 2023, Guatemala exported $105M to China. The main products that Guatemala exported to China were Nickel Ore ($25.7M), Coffee ($19.4M), and Ferroalloys ($13.3M). Over the past 5 years the exports of Guatemala to China have increased at an annualized rate of 14.1%, from $54.5M in 2018 to $105M in 2023.

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

China-Guatemala Trade: In 2023, China exported $5.63B to Guatemala. The main products that China exported to Guatemala were Video Displays ($506M), Motorcycles and cycles ($185M), and Computers ($164M). Over the past 5 years the exports of China to Guatemala have increased at an annualized rate of 20%, from $2.27B in 2018 to $5.63B in 2023.

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

Comparison: In 2023, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $105M to China. The main products exported from Guatemala to China were Nickel Ore ($25.7M), Coffee ($19.4M), and Ferroalloys ($13.3M). During the last 5 years the exports of Guatemala to China have increased at an annualized rate of 14.1%, from $54.5M in 2018 to $105M in 2023.

In 2018, China exported $5.63B to Guatemala. The main products exported from China to Guatemala were Video Displays ($506M), Motorcycles and cycles ($185M), and Computers ($164M). During the last 5 years the exports of China to Guatemala have increased at an annualized rate of 20%, from $2.27B in 2023 to $5.63B in 2018.

Exports from Guatemala () to China () (2023)

Exports from China () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and China ()

Guatemala Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Guatemala than China included Tokelau ($30k).

In 2023, countries that imported more from China than Guatemala included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Guatemala - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with China in the exports of Vegetable Products ($33.2M), Mineral Products ($25.9M), and Metals ($21.7M).

During 2018, China had a large net trade with Guatemala in the exports of Machines ($1.75B), Metals ($936M), and Chemical Products ($538M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala China+$52.3MFerroalloys

Top Product Potential China Guatemala+$125MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to China () (2023)

Exports from China () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and China ()

Guatemala Exports

China Exports

Market Competitiveness

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

Comparative Advantage Guatemala - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and China () (2023)

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