Guatemala (GTM) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Guatemala-Japan Trade: In 2023, Guatemala exported $172M to Japan. The main products that Guatemala exported to Japan were Coffee ($121M), Bananas ($15.1M), and Other Oily Seeds ($7.22M). Over the past 5 years the exports of Guatemala to Japan have increased at an annualized rate of 2.79%, from $150M in 2018 to $172M in 2023.

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

Japan-Guatemala Trade: In 2023, Japan exported $802M to Guatemala. The main products that Japan exported to Guatemala were Cars ($304M), Delivery Trucks ($142M), and Cold-Rolled Iron ($67M). Over the past 5 years the exports of Japan to Guatemala have increased at an annualized rate of 24.3%, from $271M in 2018 to $802M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $172M to Japan. The main products exported from Guatemala to Japan were Coffee ($121M), Bananas ($15.1M), and Other Oily Seeds ($7.22M). During the last 5 years the exports of Guatemala to Japan have increased at an annualized rate of 2.79%, from $150M in 2018 to $172M in 2023.

In 2018, Japan exported $802M to Guatemala. The main products exported from Japan to Guatemala were Cars ($304M), Delivery Trucks ($142M), and Cold-Rolled Iron ($67M). During the last 5 years the exports of Japan to Guatemala have increased at an annualized rate of 24.3%, from $271M in 2023 to $802M in 2018.

Exports from Guatemala () to Japan () (2023)

Exports from Japan () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Japan ()

Guatemala Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Guatemala than Japan included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

In 2023, countries that imported more from Japan than Guatemala included United States ($143B), China ($138B), and Chinese Taipei ($43B).

Difference in imports from Japan () and Guatemala () (2023)

Comparative Advantage Guatemala - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Japan in the exports of N/A.

During 2018, Japan had a large net trade with Guatemala in the exports of Transportation ($519M), Metals ($118M), and Machines ($89.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Japan+$12.2MBananas

Top Product Potential Japan Guatemala+$37.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Japan () (2023)

Exports from Japan () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Japan ()

Guatemala Exports

Japan Exports

Market Competitiveness

Difference in imports from Japan () and Guatemala () (2023)

Comparative Advantage Guatemala - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Japan () (2023)

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