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Pricing

2022
Flag → Flag
Exports $3.02MRnk 90 / 162
2022
Flag → Flag
Top Product $3.01MNutmeg, mace and cardamons
2022
Flag → Flag
Exports $2.24kRnk 135 / 149
2022
Flag → Flag
Top Product $1.22kParty Decorations
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Guatemala-Nepal Trade: In 2022, Guatemala exported $3.02M to Nepal. The main products that Guatemala exported to Nepal were Nutmeg, mace and cardamons ($3.01M), Sowing Seeds ($12.2k), and Knit Sweaters ($1.45k). Over the past 5 years the exports of Guatemala to Nepal have decreased at an annualized rate of 21%, from $9.82M in 2017 to $3.02M in 2022.

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

Nepal-Guatemala Trade: In 2022, Nepal exported $2.24k to Guatemala. The main products that Nepal exported to Guatemala were Party Decorations ($1.22k), Iron Housewares ($993), and Sauces and Seasonings ($28). Over the past 5 years the exports of Nepal to Guatemala have decreased at an annualized rate of 7.93%,  from $3.39k in 2017 to $2.24k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $3.02M to Nepal. The main products exported from Guatemala to Nepal were Nutmeg, mace and cardamons ($3.01M), Sowing Seeds ($12.2k), and Knit Sweaters ($1.45k). During the last 5 years the exports of Guatemala to Nepal have decreased at an annualized rate of 21%, from $9.82M in 2017 to $3.02M in 2022.

In 2017, Nepal exported $2.24k to Guatemala. The main products exported from Nepal to Guatemala were Party Decorations ($1.22k), Iron Housewares ($993), and Sauces and Seasonings ($28). During the last 5 years the exports of Nepal to Guatemala have decreased at an annualized rate of 7.93%, from $3.39k in 2022 to $2.24k in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Nepal (Flag)

Guatemala Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Guatemala included India ($956M), Singapore ($25.5M), and Central African Republic ($8.88M).

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

Comparative Advantage Guatemala - Nepal

Flow
Scale

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

During 2022, Guatemala had a large net trade with Nepal in the exports of Vegetable Products ($3.02M), Textiles ($2.12k), and Foodstuffs ($6).

During 2017, Nepal had a large net trade with Guatemala in the exports of Miscellaneous ($1.22k), Metals ($993), and Foodstuffs ($28).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Nepal+$25.9kSowing Seeds
Top Product Potential Nepal Guatemala+$4.9kIron Housewares

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

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

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