Kuwait (KWT) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Kuwait-Guatemala Trade: In 2023, Kuwait exported $62.7k to Guatemala. The main products that Kuwait exported to Guatemala were Ethylene Polymers ($61.9k) and Essential Oils ($715). Over the past 10 years the exports of Kuwait to Guatemala have decreased at an annualized rate of 4.02%, from $94.4k in 2013 to $62.7k in 2023.

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

Guatemala-Kuwait Trade: In 2023, Guatemala exported $12.8M to Kuwait. The main products that Guatemala exported to Kuwait were Nutmeg, mace and cardamons ($9.81M), Bananas ($1.73M), and Knit T-shirts ($481k). Over the past 10 years the exports of Guatemala to Kuwait have decreased at an annualized rate of 0.65%, from $14M in 2013 to $12.8M in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $62.7k to Guatemala. The main products exported from Kuwait to Guatemala were Ethylene Polymers ($61.9k) and Essential Oils ($715). During the last 10 years the exports of Kuwait to Guatemala have decreased at an annualized rate of 4.02%, from $94.4k in 2013 to $62.7k in 2023.

In 2018, Guatemala exported $12.8M to Kuwait. The main products exported from Guatemala to Kuwait were Nutmeg, mace and cardamons ($9.81M), Bananas ($1.73M), and Knit T-shirts ($481k). During the last 5 years the exports of Guatemala to Kuwait have decreased at an annualized rate of 0.65%, from $14M in 2023 to $12.8M in 2018.

Exports from Kuwait () to Guatemala () (2023)

Exports from Guatemala () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Guatemala ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Kuwait than Guatemala included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Guatemala than Kuwait included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

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

Comparative Advantage Kuwait - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Guatemala in the exports of Plastics and Rubbers ($61.9k) and Chemical Products ($715).

During 2018, Guatemala had a large net trade with Kuwait in the exports of Vegetable Products ($11.9M), Textiles ($771k), and Foodstuffs ($131k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Guatemala+$255kEthylene Polymers

Top Product Potential Guatemala Kuwait+$1.21MKnit T-shirts

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Guatemala () (2023)

Exports from Guatemala () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Guatemala ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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