2022
Flag  
GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC 
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Guatemala-Nicaragua In 2022, Guatemala exported $1B to Nicaragua. The main products that Guatemala exported to Nicaragua are Light Rubberized Knitted Fabric ($173M), Packaged Medicaments ($72.2M), and Plastic Lids ($41.8M). During the last 27 years the exports of Guatemala to Nicaragua have increased at an annualized rate of 9.69%, from $82.3M in 1995 to $1B in 2022.

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

Nicaragua-Guatemala In 2022, Nicaragua exported $221M to Guatemala. The main products that Nicaragua exported to Guatemala were Flavored Water ($28.1M), Non-Retail Pure Cotton Yarn ($23.2M), and Frozen Bovine Meat ($22.7M). During the last 27 years the exports of Nicaragua to Guatemala have increased at an annualized rate of 11.8%, from $10.9M in 1995 to $221M in 2022.

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

Comparison In 2022,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.24), and 84 in total exports ($16.4B). That same year, Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $1B to Nicaragua. The main products exported from Guatemala to Nicaragua were Light Rubberized Knitted Fabric ($173M), Packaged Medicaments ($72.2M), and Plastic Lids ($41.8M). During the last 27 years the exports of Guatemala to Nicaragua have increased at an annualized rate of 9.69%, from $82.3M in 1995 to $1B in 2022.

In 2022, Nicaragua exported $221M to Guatemala. The main products exported from Nicaragua to Guatemala were Flavored Water ($28.1M), Non-Retail Pure Cotton Yarn ($23.2M), and Frozen Bovine Meat ($22.7M). During the last 27 years the exports of Nicaragua to Guatemala have increased at an annualized rate of 11.8%, from $10.9M in 1995 to $221M in 2022.

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

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

Latest Data

Trade between Guatemala (Flag) and Nicaragua (Flag)

Guatemala Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.23B
Nicaragua
Top Destination
United States$4.09B

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

In 2021, countries that imported more from Guatemala than Nicaragua were El Salvador ($2.03B), United States ($5.23B), and Honduras ($1.58B).

In 2021, countries that imported more from Nicaragua than Guatemala were Mexico ($943M), Switzerland ($118M), and Sweden ($25.4M).

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

Comparative Advantage Guatemala - Nicaragua

Flow
Scale

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

During 2022, Guatemala had a large net trade with Nicaragua in the exports of Chemical Products ($251M), Textiles ($220M), and Foodstuffs ($147M).

During 2022, Nicaragua had a large net trade with Guatemala in the exports of Animal Products ($87.4M), Textiles ($42.4M), and Foodstuffs ($37.9M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Guatemala has comparative advantage over Nicaragua. Similarly, the more yellow a dot/product is, the more Nicaragua has comparative advantage over Guatemala.

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

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