Guatemala (GTM) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Guatemala-Guinea Trade: In 2022, Guatemala exported $4.96M to Guinea. The main products that Guatemala exported to Guinea were Raw Sugar ($4.96M). Over the past 7 years the exports of Guatemala to Guinea have decreased at an annualized rate of 5.79%, from $7.52M in 2015 to $4.96M in 2022.

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

Guinea-Guatemala In N/A, Guinea did not export any products to Guatemala.

In 2022, Guinea 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, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $4.96M to Guinea. The main products exported from Guatemala to Guinea were Raw Sugar ($4.96M). During the last 7 years the exports of Guatemala to Guinea have decreased at an annualized rate of 5.79%, from $7.52M in 2015 to $4.96M in 2022.

Guinea does not register exports to Guatemala. The main products exported from Guinea to Guatemala were Knit T-shirts ($381) and Motor vehicles; parts and accessories (8701 to 8705) ($114).

Exports from Guatemala () to Guinea () (2022)

Exports from Guinea () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Guinea ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Guinea
Top DestinationChina$3.81B

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

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

In 2022, countries that imported more from Guinea than Guatemala included China ($3.81B), India ($2.77B), and United Arab Emirates ($2.59B).

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

Comparative Advantage Guatemala - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Guinea in the exports of Foodstuffs ($4.96M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Guinea+$91.5kRaw Sugar

Top Product Potential Guinea Guatemala+$2.21kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Guinea () (2022)

Exports from Guinea () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Guinea ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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