Guatemala (GTM) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Guatemala-Denmark Trade: In 2022, Guatemala exported $4.16M to Denmark. The main products that Guatemala exported to Denmark were Molasses ($2.94M), Other live plants, cuttings and slips; mushroom spawn ($376k), and Coffee ($340k). Over the past 5 years the exports of Guatemala to Denmark have increased at an annualized rate of 8.69%, from $2.75M in 2017 to $4.16M in 2022.

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

Denmark-Guatemala Trade: In 2022, Denmark exported $35.1M to Guatemala. The main products that Denmark exported to Guatemala were Packaged Medicaments ($6.16M), Enzymes ($4.21M), and Industrial Food Preperation Machinery ($2.73M). Over the past 5 years the exports of Denmark to Guatemala have increased at an annualized rate of 6.38%, from $14.8M in 2017 to $35.1M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $4.16M to Denmark. The main products exported from Guatemala to Denmark were Molasses ($2.94M), Other live plants, cuttings and slips; mushroom spawn ($376k), and Coffee ($340k). During the last 5 years the exports of Guatemala to Denmark have increased at an annualized rate of 8.69%, from $2.75M in 2017 to $4.16M in 2022.

In 2017, Denmark exported $35.1M to Guatemala. The main products exported from Denmark to Guatemala were Packaged Medicaments ($6.16M), Enzymes ($4.21M), and Industrial Food Preperation Machinery ($2.73M). During the last 5 years the exports of Denmark to Guatemala have increased at an annualized rate of 6.38%, from $14.8M in 2022 to $35.1M in 2017.

Exports from Guatemala () to Denmark () (2022)

Exports from Denmark () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Denmark ()

Guatemala Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Guatemala included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

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

Comparative Advantage Guatemala - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Denmark in the exports of Foodstuffs ($3.18M), Vegetable Products ($798k), and Miscellaneous ($94k).

During 2017, Denmark had a large net trade with Guatemala in the exports of Chemical Products ($12.5M), Machines ($8.6M), and Foodstuffs ($4.74M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Denmark+$988kCoffee

Top Product Potential Denmark Guatemala+$6.56MPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Denmark () (2022)

Exports from Denmark () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Denmark ()

Guatemala Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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