Guatemala (GTM) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Guatemala-Thailand Trade: In 2023, Guatemala exported $15.7M to Thailand. The main products that Guatemala exported to Thailand were Scrap Aluminium ($10.6M), Scrap Iron ($1.24M), and Recovered Paper ($1.16M). Over the past 5 years the exports of Guatemala to Thailand have increased at an annualized rate of 17.6%, from $6.98M in 2018 to $15.7M in 2023.

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

Thailand-Guatemala Trade: In 2023, Thailand exported $268M to Guatemala. The main products that Thailand exported to Guatemala were Delivery Trucks ($132M), Cars ($36.8M), and Household Washing Machines ($14.9M). Over the past 5 years the exports of Thailand to Guatemala have increased at an annualized rate of 15.6%, from $130M in 2018 to $268M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $15.7M to Thailand. The main products exported from Guatemala to Thailand were Scrap Aluminium ($10.6M), Scrap Iron ($1.24M), and Recovered Paper ($1.16M). During the last 5 years the exports of Guatemala to Thailand have increased at an annualized rate of 17.6%, from $6.98M in 2018 to $15.7M in 2023.

In 2018, Thailand exported $268M to Guatemala. The main products exported from Thailand to Guatemala were Delivery Trucks ($132M), Cars ($36.8M), and Household Washing Machines ($14.9M). During the last 5 years the exports of Thailand to Guatemala have increased at an annualized rate of 15.6%, from $130M in 2023 to $268M in 2018.

Exports from Guatemala () to Thailand () (2023)

Exports from Thailand () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Thailand ()

Guatemala Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Guatemala than Thailand included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

In 2023, countries that imported more from Thailand than Guatemala included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Guatemala - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Thailand in the exports of Metals ($12M), Paper Goods ($1.18M), and Chemical Products ($756k).

During 2018, Thailand had a large net trade with Guatemala in the exports of Transportation ($177M), Machines ($40.1M), and Plastics and Rubbers ($14.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Thailand+$1.04MPesticides

Top Product Potential Thailand Guatemala+$12.7MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Thailand () (2023)

Exports from Thailand () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Thailand ()

Guatemala Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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