Guatemala (GTM) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Guatemala-Chinese Taipei Trade: In 2022, Guatemala exported $117M to Chinese Taipei. The main products that Guatemala exported to Chinese Taipei were Raw Sugar ($85.2M), Coffee ($17.8M), and Crustaceans ($3.44M). Over the past 5 years the exports of Guatemala to Chinese Taipei have increased at an annualized rate of 7.04%, from $82.9M in 2017 to $117M in 2022.

In 2022, Guatemala did not export any services to Chinese Taipei.

Chinese Taipei-Guatemala Trade: In 2022, Chinese Taipei exported $280M to Guatemala. The main products that Chinese Taipei exported to Guatemala were Alkylbenzenes and Alkylnaphthalenes ($51.8M), Refined Petroleum ($45M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.8M). Over the past 5 years the exports of Chinese Taipei to Guatemala have increased at an annualized rate of 17%, from $128M in 2017 to $280M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $117M to Chinese Taipei. The main products exported from Guatemala to Chinese Taipei were Raw Sugar ($85.2M), Coffee ($17.8M), and Crustaceans ($3.44M). During the last 5 years the exports of Guatemala to Chinese Taipei have increased at an annualized rate of 7.04%, from $82.9M in 2017 to $117M in 2022.

In 2017, Chinese Taipei exported $280M to Guatemala. The main products exported from Chinese Taipei to Guatemala were Alkylbenzenes and Alkylnaphthalenes ($51.8M), Refined Petroleum ($45M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.8M). During the last 5 years the exports of Chinese Taipei to Guatemala have increased at an annualized rate of 17%, from $128M in 2022 to $280M in 2017.

Exports from Guatemala () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Guatemala () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Chinese Taipei
Top DestinationChina$121B

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

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

In 2022, countries that imported more from Chinese Taipei than Guatemala included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Guatemala () (2022)

Comparative Advantage Guatemala - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Chinese Taipei in the exports of Foodstuffs ($86.9M), Vegetable Products ($18.2M), and Metals ($3.55M).

During 2017, Chinese Taipei had a large net trade with Guatemala in the exports of Chemical Products ($61.2M), Machines ($51.1M), and Mineral Products ($45.1M).

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Guatemala () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Guatemala () (2022)

Comparative Advantage Guatemala - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Chinese Taipei () (2022)

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