Guatemala (GTM) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Guatemala-Romania Trade: In 2023, Guatemala exported $5.69M to Romania. The main products that Guatemala exported to Romania were Cleaning Products ($1.73M), Hard Liquor ($1.53M), and Polishes and Creams ($1.32M). Over the past 5 years the exports of Guatemala to Romania have decreased at an annualized rate of 0.99%, from $5.97M in 2018 to $5.69M in 2023.

In 2023, Guatemala did not export any services to Romania.

Romania-Guatemala Trade: In 2023, Romania exported $6.85M to Guatemala. The main products that Romania exported to Guatemala were Processed Tobacco ($993k), Wood Fiberboard ($741k), and Soil Preparation Machinery ($464k). Over the past 5 years the exports of Romania to Guatemala have increased at an annualized rate of 18.3%, from $1.5M in 2018 to $6.85M in 2023.

In 2023, Romania did not export any services to Guatemala.

Comparison: In 2023, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $5.69M to Romania. The main products exported from Guatemala to Romania were Cleaning Products ($1.73M), Hard Liquor ($1.53M), and Polishes and Creams ($1.32M). During the last 5 years the exports of Guatemala to Romania have decreased at an annualized rate of 0.99%, from $5.97M in 2018 to $5.69M in 2023.

In 2018, Romania exported $6.85M to Guatemala. The main products exported from Romania to Guatemala were Processed Tobacco ($993k), Wood Fiberboard ($741k), and Soil Preparation Machinery ($464k). During the last 5 years the exports of Romania to Guatemala have increased at an annualized rate of 18.3%, from $1.5M in 2023 to $6.85M in 2018.

Exports from Guatemala () to Romania () (2023)

Exports from Romania () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Romania ()

Guatemala Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Guatemala than Romania included El Salvador ($1.73B), Honduras ($1.42B), and United States ($5.16B).

In 2023, countries that imported more from Romania than Guatemala included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

Difference in imports from Romania () and Guatemala () (2023)

Comparative Advantage Guatemala - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Romania in the exports of Chemical Products ($3.05M), Foodstuffs ($1.54M), and Vegetable Products ($699k).

During 2018, Romania had a large net trade with Guatemala in the exports of Machines ($2.16M), Foodstuffs ($1.11M), and Metals ($788k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Romania+$1.36MCleaning Products

Top Product Potential Romania Guatemala+$848kMotor vehicles; parts and accessories (8701 to 8705)

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Romania () (2023)

Exports from Romania () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Romania ()

Guatemala Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Guatemala () (2023)

Comparative Advantage Guatemala - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Romania () (2023)

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