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Pricing

2022
Flag → Flag
Exports $9.82MRnk 58 / 162
2022
Flag → Flag
Top Product $2.46MNutmeg, mace and cardamons
2022
Flag → Flag
Exports $49.7MRnk 89 / 217
2022
Flag → Flag
Top Product $11.4MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Guatemala-Sweden Trade: In 2022, Guatemala exported $9.82M to Sweden. The main products that Guatemala exported to Sweden were Nutmeg, mace and cardamons ($2.46M), Coffee ($1.77M), and Hard Liquor ($1.43M). Over the past 5 years the exports of Guatemala to Sweden have increased at an annualized rate of 16.9%, from $4.51M in 2017 to $9.82M in 2022.

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

Sweden-Guatemala Trade: In 2022, Sweden exported $49.7M to Guatemala. The main products that Sweden exported to Guatemala were Packaged Medicaments ($11.4M), Kraft Paper ($9.66M), and Cars ($2.89M). Over the past 5 years the exports of Sweden to Guatemala have increased at an annualized rate of 8.95%,  from $32.4M in 2017 to $49.7M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $9.82M to Sweden. The main products exported from Guatemala to Sweden were Nutmeg, mace and cardamons ($2.46M), Coffee ($1.77M), and Hard Liquor ($1.43M). During the last 5 years the exports of Guatemala to Sweden have increased at an annualized rate of 16.9%, from $4.51M in 2017 to $9.82M in 2022.

In 2017, Sweden exported $49.7M to Guatemala. The main products exported from Sweden to Guatemala were Packaged Medicaments ($11.4M), Kraft Paper ($9.66M), and Cars ($2.89M). During the last 5 years the exports of Sweden to Guatemala have increased at an annualized rate of 8.95%, from $32.4M in 2022 to $49.7M in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Sweden (Flag)

Guatemala Exports

Sweden Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Guatemala included Germany ($19.2B), Norway ($18.7B), and Denmark ($14.6B).

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

Comparative Advantage Guatemala - Sweden

Flow
Scale

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

During 2022, Guatemala had a large net trade with Sweden in the exports of Vegetable Products ($5.53M), Foodstuffs ($1.9M), and Metals ($1.69M).

During 2017, Sweden had a large net trade with Guatemala in the exports of Chemical Products ($16.6M), Paper Goods ($12.9M), and Machines ($9.95M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Sweden+$2.96MCoffee
Top Product Potential Sweden Guatemala+$6.38MPackaged Medicaments

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

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

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