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Pricing

2021
Flag → Flag
Exports $198kRnk 75 / 0
2021
Flag → Flag
Exports $170kRnk 111 / 157
2021
Flag → Flag
Top Product $39.9kNon-Knit Men's Shirts
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Guatemala-Madagascar Trade: In 2021, Guatemala exported $198k to Madagascar. The main products that Guatemala exported to Madagascar were N/A. Over the past 7 years the exports of Guatemala to Madagascar have increased at an annualized rate of 129%, from $604 in 2014 to $198k in 2021.

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

Madagascar-Guatemala Trade: In 2021, Madagascar exported $170k to Guatemala. The main products that Madagascar exported to Guatemala were Non-Knit Men's Shirts ($39.9k), Non-Knit Women's Suits ($37.5k), and Non-Knit Men's Suits ($33.9k). Over the past 7 years the exports of Madagascar to Guatemala have increased at an annualized rate of 138%,  from $2.25k in 2014 to $170k in 2021.

In 2021, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Guatemala exported $198k to Madagascar. There were not main exports from Guatemala to Madagascar in 2021. During the last 7 years the exports of Guatemala to Madagascar have increased at an annualized rate of 129%, from $604 in 2014 to $198k in 2021.

In 2017, Madagascar exported $170k to Guatemala. The main products exported from Madagascar to Guatemala were Non-Knit Men's Shirts ($39.9k), Non-Knit Women's Suits ($37.5k), and Non-Knit Men's Suits ($33.9k). During the last 5 years the exports of Madagascar to Guatemala have increased at an annualized rate of 138%, from $2.25k in 2022 to $170k in 2017.

Exports from Guatemala (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Guatemala (Flag) (2022)

Latest Data

Trade between Guatemala (Flag) and Madagascar (Flag)

Guatemala Exports

Madagascar Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Madagascar
Top DestinationUnited States$756M

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

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

In 2022, countries that imported more from Madagascar than Guatemala included France ($634M), Japan ($448M), and Indonesia ($147M).

Difference in imports from Madagascar (Flag) and Guatemala (Flag) (2022)

Comparative Advantage Guatemala - Madagascar

Flow
Scale

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

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

During 2017, Madagascar had a large net trade with Guatemala in the exports of Textiles ($155k), Vegetable Products ($11.2k), and Chemical Products ($3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Madagascar+$2.64kPalm Oil
Top Product Potential Madagascar Guatemala+$109kNon-Knit Women's Suits

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

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

Product Space of Guatemala (Flag) and Madagascar (Flag) (2022)

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