2023
Flag  
GDP
$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH
97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC 
$5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH
67.3%CURRENT US$
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About

Guatemala-Cuba Trade: In 2023, Guatemala exported $8.46M to Cuba. The main products that Guatemala exported to Cuba were Baked Goods ($1.81M), Other Organic Compounds ($1.12M), and Other Vinyl Polymers ($749k). Over the past 5 years the exports of Guatemala to Cuba have decreased at an annualized rate of 28.2%, from $44.4M in 2018 to $8.46M in 2023.

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

Cuba-Guatemala Trade: In 2023, Cuba exported $1.44M to Guatemala. The main products that Cuba exported to Guatemala were Packaged Medicaments ($1.05M), Rolled Tobacco ($285k), and Hard Liquor ($56.9k). Over the past 5 years the exports of Cuba to Guatemala have increased at an annualized rate of 15.2%,  from $709k in 2018 to $1.44M in 2023.

In 2023, Cuba 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, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $8.46M to Cuba. The main products exported from Guatemala to Cuba were Baked Goods ($1.81M), Other Organic Compounds ($1.12M), and Other Vinyl Polymers ($749k). During the last 5 years the exports of Guatemala to Cuba have decreased at an annualized rate of 28.2%, from $44.4M in 2018 to $8.46M in 2023.

In 2018, Cuba exported $1.44M to Guatemala. The main products exported from Cuba to Guatemala were Packaged Medicaments ($1.05M), Rolled Tobacco ($285k), and Hard Liquor ($56.9k). During the last 5 years the exports of Cuba to Guatemala have increased at an annualized rate of 15.2%, from $709k in 2023 to $1.44M in 2018.

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

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

Latest Data

Trade between Guatemala (Flag) and Cuba (Flag)

Guatemala Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.16B
Cuba
Top Destination
China$358M

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

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

In 2023, countries that imported more from Cuba than Guatemala included China ($358M), Cyprus ($42.5M), and Hong Kong ($43.7M).

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

Comparative Advantage Guatemala - Cuba

Flow
Scale

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

During 2023, Guatemala had a large net trade with Cuba in the exports of Foodstuffs ($3.12M), Chemical Products ($2.78M), and Plastics and Rubbers ($983k).

During 2018, Cuba had a large net trade with Guatemala in the exports of Chemical Products ($1.06M), Foodstuffs ($342k), and Mineral Products ($20.7k).

Economic Complexity

Competitive Landscape

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

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

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