Guatemala (GTM) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

About

Guatemala-Vietnam Trade: In 2023, Guatemala exported $5.17M to Vietnam. The main products that Guatemala exported to Vietnam were Non-fillet Frozen Fish ($3.87M), Recovered Paper ($588k), and Non-Retail Pure Cotton Yarn ($230k). Over the past 5 years the exports of Guatemala to Vietnam have increased at an annualized rate of 12.8%, from $2.82M in 2018 to $5.17M in 2023.

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

Vietnam-Guatemala Trade: In 2023, Vietnam exported $507M to Guatemala. The main products that Vietnam exported to Guatemala were Video Displays ($243M), Cement ($63M), and Non-Retail Mixed Cotton Yarn ($21.4M). Over the past 5 years the exports of Vietnam to Guatemala have increased at an annualized rate of 47%, from $73.9M in 2018 to $507M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $5.17M to Vietnam. The main products exported from Guatemala to Vietnam were Non-fillet Frozen Fish ($3.87M), Recovered Paper ($588k), and Non-Retail Pure Cotton Yarn ($230k). During the last 5 years the exports of Guatemala to Vietnam have increased at an annualized rate of 12.8%, from $2.82M in 2018 to $5.17M in 2023.

In 2018, Vietnam exported $507M to Guatemala. The main products exported from Vietnam to Guatemala were Video Displays ($243M), Cement ($63M), and Non-Retail Mixed Cotton Yarn ($21.4M). During the last 5 years the exports of Vietnam to Guatemala have increased at an annualized rate of 47%, from $73.9M in 2023 to $507M in 2018.

Exports from Guatemala () to Vietnam () (2023)

Exports from Vietnam () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Vietnam ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Vietnam
Top DestinationUnited States$118B

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

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

In 2023, countries that imported more from Vietnam than Guatemala included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Guatemala - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Vietnam in the exports of Animal Products ($3.87M), Paper Goods ($588k), and Textiles ($273k).

During 2018, Vietnam had a large net trade with Guatemala in the exports of Machines ($301M), Mineral Products ($63M), and Textiles ($58.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Vietnam+$873kNon-fillet Frozen Fish

Top Product Potential Vietnam Guatemala+$35.4MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Guatemala and Vietnam. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Vietnam. Similarly, a dot/product with the flag of Vietnam indicates it has a comparative advantage over Guatemala.

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Vietnam () (2023)

Exports from Vietnam () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Vietnam ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Vietnam

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring