Guatemala (GTM) and Germany (DEU) Trade | The Observatory of Economic Complexity

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Guatemala-Germany Trade: In 2022, Guatemala exported $160M to Germany. The main products that Guatemala exported to Germany were Coffee ($45.3M), Palm Oil ($26.3M), and Alcohol > 80% ABV ($17.6M). Over the past 5 years the exports of Guatemala to Germany have increased at an annualized rate of 1.55%, from $148M in 2017 to $160M in 2022.

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

Germany-Guatemala Trade: In 2022, Germany exported $436M to Guatemala. The main products that Germany exported to Guatemala were Packaged Medicaments ($54.4M), Vaccines, blood, antisera, toxins and cultures ($24.5M), and Cars ($23.3M). Over the past 5 years the exports of Germany to Guatemala have increased at an annualized rate of 3.68%, from $364M in 2017 to $436M in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $160M to Germany. The main products exported from Guatemala to Germany were Coffee ($45.3M), Palm Oil ($26.3M), and Alcohol > 80% ABV ($17.6M). During the last 5 years the exports of Guatemala to Germany have increased at an annualized rate of 1.55%, from $148M in 2017 to $160M in 2022.

In 2017, Germany exported $436M to Guatemala. The main products exported from Germany to Guatemala were Packaged Medicaments ($54.4M), Vaccines, blood, antisera, toxins and cultures ($24.5M), and Cars ($23.3M). During the last 5 years the exports of Germany to Guatemala have increased at an annualized rate of 3.68%, from $364M in 2022 to $436M in 2017.

Exports from Guatemala () to Germany () (2022)

Exports from Germany () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Germany ()

Guatemala Exports

Date

Germany Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Guatemala than Germany included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

In 2022, countries that imported more from Germany than Guatemala included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Guatemala - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Germany in the exports of Vegetable Products ($74.6M), Foodstuffs ($37.8M), and Animal and Vegetable Bi-Products ($27.9M).

During 2017, Germany had a large net trade with Guatemala in the exports of Chemical Products ($167M), Machines ($107M), and Paper Goods ($32M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Germany+$33.7MCoffee

Top Product Potential Germany Guatemala+$37.8MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Germany () (2022)

Exports from Germany () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Germany ()

Guatemala Exports

Germany Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Germany

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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