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Pricing

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Flag → Flag
Top Product $128MElectricity
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Flag → Flag
Exports $663MRnk 5 / 170
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Flag → Flag
Top Product $106MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
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Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
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GDP GROWTH34.8%CURRENT US$
Rnk 103 / 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 $13,790CURRENT US$
Rnk 75 / 195
2013-2023
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GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 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

In N/A, Mexico did not export any services to Guatemala.

Guatemala-Mexico Trade: In N/A, Guatemala exported $663M to Mexico. The main products that Guatemala exported to Mexico were Palm Oil ($106M), Rubber ($66.6M), and Raw Sugar ($41M). Over the past N/A years the exports of Guatemala to Mexico have increased at an annualized rate of 4.6%,  from $529M in N/A to $663M in N/A.

In N/A, Guatemala did not export any services to Mexico.

Comparison: In 2023,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). 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
Value

Mexico does not register exports to Guatemala. The main products exported from Mexico to Guatemala were Electricity ($128M), Video Displays ($127M), and Insulated Wire ($102M).

In 2018, Guatemala exported $663M to Mexico. The main products exported from Guatemala to Mexico were Palm Oil ($106M), Rubber ($66.6M), and Raw Sugar ($41M). During the last 5 years the exports of Guatemala to Mexico have increased at an annualized rate of 4.6%, from $529M in 2023 to $663M in 2018.

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

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

Latest Data

Trade between Mexico (Flag) and Guatemala (Flag)

Mexico Exports

Guatemala Exports

Comparative Advantage Mexico - Guatemala

Flow
Scale

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

During 2018, Guatemala had a large net trade with Mexico in the exports of Foodstuffs ($140M), Animal and Vegetable Bi-Products ($138M), and Plastics and Rubbers ($106M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Guatemala+$66.9MCars
Top Product Potential Guatemala Mexico+$29.9MPalm Oil

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

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

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