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Pricing

2022
Flag → Flag
Exports $24.3MRnk 40 / 162
2022
Flag → Flag
Top Product $12.5MNutmeg, mace and cardamons
2022
Flag → Flag
Exports $119MRnk 124 / 219
2022
Flag → Flag
Top Product $13.3MIron Blocks
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Guatemala-Turkey Trade: In 2022, Guatemala exported $24.3M to Turkey. The main products that Guatemala exported to Turkey were Nutmeg, mace and cardamons ($12.5M), Coffee ($5.22M), and Raw Tobacco ($1.85M). Over the past 5 years the exports of Guatemala to Turkey have increased at an annualized rate of 27.4%, from $7.25M in 2017 to $24.3M in 2022.

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

Turkey-Guatemala Trade: In 2022, Turkey exported $119M to Guatemala. The main products that Turkey exported to Guatemala were Iron Blocks ($13.3M), Hot-Rolled Iron Bars ($12.5M), and Borates ($9.4M). Over the past 5 years the exports of Turkey to Guatemala have increased at an annualized rate of 19.4%,  from $49M in 2017 to $119M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $24.3M to Turkey. The main products exported from Guatemala to Turkey were Nutmeg, mace and cardamons ($12.5M), Coffee ($5.22M), and Raw Tobacco ($1.85M). During the last 5 years the exports of Guatemala to Turkey have increased at an annualized rate of 27.4%, from $7.25M in 2017 to $24.3M in 2022.

In 2017, Turkey exported $119M to Guatemala. The main products exported from Turkey to Guatemala were Iron Blocks ($13.3M), Hot-Rolled Iron Bars ($12.5M), and Borates ($9.4M). During the last 5 years the exports of Turkey to Guatemala have increased at an annualized rate of 19.4%, from $49M in 2022 to $119M in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Turkey (Flag)

Guatemala Exports

Turkey Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Guatemala included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

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

Comparative Advantage Guatemala - Turkey

Flow
Scale

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

During 2022, Guatemala had a large net trade with Turkey in the exports of Vegetable Products ($19.7M), Foodstuffs ($2.4M), and Plastics and Rubbers ($1.66M).

During 2017, Turkey had a large net trade with Guatemala in the exports of Metals ($39.8M), Chemical Products ($16.1M), and Machines ($13.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Turkey+$5.97MCoffee
Top Product Potential Turkey Guatemala+$2.58MCars

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

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

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