Guatemala (GTM) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Guatemala-Kuwait Trade: In 2022, Guatemala exported $10.9M to Kuwait. The main products that Guatemala exported to Kuwait were Nutmeg, mace and cardamons ($7.52M), Knit T-shirts ($1.07M), and Knit Sweaters ($513k). Over the past 5 years the exports of Guatemala to Kuwait have decreased at an annualized rate of 1.48%, from $11.8M in 2017 to $10.9M in 2022.

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

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

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $10.9M to Kuwait. The main products exported from Guatemala to Kuwait were Nutmeg, mace and cardamons ($7.52M), Knit T-shirts ($1.07M), and Knit Sweaters ($513k). During the last 5 years the exports of Guatemala to Kuwait have decreased at an annualized rate of 1.48%, from $11.8M in 2017 to $10.9M in 2022.

Kuwait does not register exports to Guatemala. The main products exported from Kuwait to Guatemala were Ethylene Polymers ($82.6k).

Exports from Guatemala () to Kuwait () (2022)

Exports from Kuwait () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Kuwait ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Guatemala included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Guatemala - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Kuwait in the exports of Vegetable Products ($8M), Textiles ($2.81M), and Foodstuffs ($57.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Kuwait+$1.21MKnit T-shirts

Top Product Potential Kuwait Guatemala+$255kEthylene Polymers

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Kuwait () (2022)

Exports from Kuwait () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Kuwait ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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