Guatemala (GTM) and Georgia (GEO) Trade | The Observatory of Economic Complexity

About

Guatemala-Georgia Trade: In 2021, Guatemala exported $110k to Georgia. The main products that Guatemala exported to Georgia were N/A. Over the past 7 years the exports of Guatemala to Georgia have decreased at an annualized rate of 7.65%, from $192k in 2014 to $110k in 2021.

In 2021, Guatemala did not export any services to Georgia.

Georgia-Guatemala Trade: In 2021, Georgia exported $158k to Guatemala. The main products that Georgia exported to Guatemala were Hair Products ($50.4k), Microphones and Headphones ($27.5k), and Knit T-shirts ($12.2k). Over the past 7 years the exports of Georgia to Guatemala have increased at an annualized rate of 4.25%, from $91.8k in 2014 to $158k in 2021.

In 2021, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Guatemala exported $110k to Georgia. There were not main exports from Guatemala to Georgia in 2021. During the last 7 years the exports of Guatemala to Georgia have decreased at an annualized rate of 7.65%, from $192k in 2014 to $110k in 2021.

In 2017, Georgia exported $158k to Guatemala. The main products exported from Georgia to Guatemala were Hair Products ($50.4k), Microphones and Headphones ($27.5k), and Knit T-shirts ($12.2k). During the last 5 years the exports of Georgia to Guatemala have increased at an annualized rate of 4.25%, from $91.8k in 2022 to $158k in 2017.

Exports from Guatemala () to Georgia () (2022)

Exports from Georgia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Georgia ()

Guatemala Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Guatemala than Georgia included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Georgia than Guatemala included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Comparative Advantage Guatemala - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Guatemala had a large net trade with Georgia in the exports of .

During 2017, Georgia had a large net trade with Guatemala in the exports of Chemical Products ($66.1k), Machines ($49k), and Textiles ($20.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Georgia+$2.73kRaw Sugar

Top Product Potential Georgia Guatemala+$41.1kKnit T-shirts

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Georgia () (2022)

Exports from Georgia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Georgia ()

Guatemala Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Georgia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring