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Pricing

2022
Flag → Flag
Exports $254MRnk 99 / 221
2022
Flag → Flag
Top Product $17.9MPapermaking Machines
2022
Flag → Flag
Exports $214MRnk 13 / 162
2022
Flag → Flag
Top Product $67.7MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Italy-Guatemala Trade: In 2022, Italy exported $254M to Guatemala. The main products that Italy exported to Guatemala were Papermaking Machines ($17.9M), Washing and Bottling Machines ($15.2M), and Packaged Medicaments ($14.7M). Over the past 5 years the exports of Italy to Guatemala have increased at an annualized rate of 10.1%, from $157M in 2017 to $254M in 2022.

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

Guatemala-Italy Trade: In 2022, Guatemala exported $214M to Italy. The main products that Guatemala exported to Italy were Palm Oil ($67.7M), Ferroalloys ($54.1M), and Coffee ($46.2M). Over the past 5 years the exports of Guatemala to Italy have increased at an annualized rate of 5.44%,  from $164M in 2017 to $214M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €4.5M and imported €5.59M from Guatemala, resulting in a negative trade balance of €1.1M. Between June 2023 and June 2024 the exports of Italy have decreased by €-2.79M (-38.3%) from €7.28M to €4.5M, while imports decreased by €-10.3M (-64.8%) from €15.9M to €5.59M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-2.79M(-38.3%)
IMPORT GROWTH (June 2023 - June 2024)€-10.3M(-64.8%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Guatemala and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $254M to Guatemala. The main products exported from Italy to Guatemala were Papermaking Machines ($17.9M), Washing and Bottling Machines ($15.2M), and Packaged Medicaments ($14.7M). During the last 5 years the exports of Italy to Guatemala have increased at an annualized rate of 10.1%, from $157M in 2017 to $254M in 2022.

In 2017, Guatemala exported $214M to Italy. The main products exported from Guatemala to Italy were Palm Oil ($67.7M), Ferroalloys ($54.1M), and Coffee ($46.2M). During the last 5 years the exports of Guatemala to Italy have increased at an annualized rate of 5.44%, from $164M in 2022 to $214M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Italy than Guatemala included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

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

Comparative Advantage Italy - Guatemala

Flow
Scale

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

During 2022, Italy had a large net trade with Guatemala in the exports of Machines ($119M), Chemical Products ($36.6M), and Paper Goods ($15.6M).

During 2017, Guatemala had a large net trade with Italy in the exports of Animal and Vegetable Bi-Products ($75M), Metals ($54.3M), and Vegetable Products ($51.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Guatemala+$11.4MPackaged Medicaments
Top Product Potential Guatemala Italy+$24MCoffee

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

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

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