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2023
Flag → Flag
Exports $802MRnk 56 / 211
2023
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Top Product $304MCars
2023
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Exports $172MRnk 13 / 170
2023
Flag → Flag
Top Product $121MCoffee
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
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GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Japan-Guatemala Trade: In 2023, Japan exported $802M to Guatemala. The main products that Japan exported to Guatemala were Cars ($304M), Delivery Trucks ($142M), and Cold-Rolled Iron ($67M). Over the past 5 years the exports of Japan to Guatemala have increased at an annualized rate of 24.3%, from $271M in 2018 to $802M in 2023.

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

Guatemala-Japan Trade: In 2023, Guatemala exported $172M to Japan. The main products that Guatemala exported to Japan were Coffee ($121M), Bananas ($15.1M), and Other Oily Seeds ($7.22M). Over the past 5 years the exports of Guatemala to Japan have increased at an annualized rate of 2.79%,  from $150M in 2018 to $172M in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥6.81B and imported ¥1.91B from Guatemala, resulting in a positive trade balance of ¥4.9B. Between November 2023 and November 2024 the exports of Japan have increased by ¥934M (15.9%) from ¥5.88B to ¥6.81B, while imports increased by ¥823M (75.4%) from ¥1.09B to ¥1.91B.

Trade In November 2024, the top exports of Japan to Guatemala were Delivery Trucks (¥782M), Cars (¥337M), Motor vehicles; parts and accessories (8701... (¥205M), Buses (¥175M), and Fork-Lifts (¥77.9M). In November 2024 the top imports of Japan from Guatemala were Coffee (¥253M), Bananas (¥89.7M), Other Nuts (¥56.2M), Knit T-shirts (¥38.8M), and Knit Sweaters (¥33.5M).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥2.96B), Kanagawa (¥1.82B), Ōita (¥566M), Fukuoka (¥484M), and Chiba (¥414M), while imports destinations were mainly Kanagawa (¥1.06B), Hyōgo (¥291M), Fukuoka (¥215M), Osaka (¥151M), and Chiba (¥90.6M).

Growth In November 2024, the increase in Japan's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Delivery Trucks (¥217M or 38.4%), Buses (¥128M or 269%), and Motor vehicles; parts and accessories (8701... (¥101M or 97.7%). In November 2024, the increase in Japan's year-by-year imports  from Guatemala was explained primarily by an increase in product imports  in Melons (¥24.5M or 372%), Bananas (¥20.6M or 29.8%), and Frozen Vegetables (¥16M or 110%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥934M(15.9%)
IMPORT GROWTH (November 2023 - November 2024)¥823M(75.4%)
MAIN EXPORTER (November 2024)Aichi¥2.96B

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $802M to Guatemala. The main products exported from Japan to Guatemala were Cars ($304M), Delivery Trucks ($142M), and Cold-Rolled Iron ($67M). During the last 5 years the exports of Japan to Guatemala have increased at an annualized rate of 24.3%, from $271M in 2018 to $802M in 2023.

In 2018, Guatemala exported $172M to Japan. The main products exported from Guatemala to Japan were Coffee ($121M), Bananas ($15.1M), and Other Oily Seeds ($7.22M). During the last 5 years the exports of Guatemala to Japan have increased at an annualized rate of 2.79%, from $150M in 2023 to $172M in 2018.

Exports from Japan (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to Japan (Flag) (2023)

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Japan than Guatemala included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Difference in imports from Guatemala (Flag) and Japan (Flag) (2023)

Comparative Advantage Japan - Guatemala

Flow
Scale

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

During 2023, Japan had a large net trade with Guatemala in the exports of Transportation ($519M), Metals ($118M), and Machines ($89.9M).

During 2018, Guatemala had a large net trade with Japan in the exports of Vegetable Products ($155M), Textiles ($7.62M), and Mineral Products ($3.41M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Guatemala+$37.6MCars
Top Product Potential Guatemala Japan+$12.2MBananas

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

Product Space of Japan (Flag) and Guatemala (Flag) (2023)

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