Guatemala (GTM) and Peru (PER) Trade | The Observatory of Economic Complexity

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Guatemala-Peru Trade: In 2022, Guatemala exported $107M to Peru. The main products that Guatemala exported to Peru were Raw Sugar ($44.9M), Refrigerators ($16.5M), and Recovered Paper ($4.67M). Over the past 5 years the exports of Guatemala to Peru have increased at an annualized rate of 3.7%, from $88.9M in 2017 to $107M in 2022.

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

Peru-Guatemala Trade: In 2022, Peru exported $117M to Guatemala. The main products that Peru exported to Guatemala were Palm Oil ($9.98M), Grapes ($8.41M), and Raw Zinc ($8.07M). Over the past 5 years the exports of Peru to Guatemala have increased at an annualized rate of 12.4%, from $65.4M in 2017 to $117M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $107M to Peru. The main products exported from Guatemala to Peru were Raw Sugar ($44.9M), Refrigerators ($16.5M), and Recovered Paper ($4.67M). During the last 5 years the exports of Guatemala to Peru have increased at an annualized rate of 3.7%, from $88.9M in 2017 to $107M in 2022.

In 2017, Peru exported $117M to Guatemala. The main products exported from Peru to Guatemala were Palm Oil ($9.98M), Grapes ($8.41M), and Raw Zinc ($8.07M). During the last 5 years the exports of Peru to Guatemala have increased at an annualized rate of 12.4%, from $65.4M in 2022 to $117M in 2017.

Exports from Guatemala () to Peru () (2022)

Exports from Peru () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Peru ()

Guatemala Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Guatemala than Peru included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

In 2022, countries that imported more from Peru than Guatemala included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

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

Comparative Advantage Guatemala - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Peru in the exports of Foodstuffs ($50.2M), Machines ($18.9M), and Chemical Products ($16.6M).

During 2017, Peru had a large net trade with Guatemala in the exports of Vegetable Products ($22.1M), Chemical Products ($19M), and Plastics and Rubbers ($14.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Peru+$2.1MPesticides

Top Product Potential Peru Guatemala+$2.02MRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Peru () (2022)

Exports from Peru () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Peru ()

Guatemala Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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