2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
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GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
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GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186
2022
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GDP PC
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186

About

Mexico-Guatemala In 2022, Mexico exported $2.86B to Guatemala. The main products that Mexico exported to Guatemala are Electricity ($119M), Video Displays ($116M), and Insulated Wire ($75.2M). During the last 27 years the exports of Mexico to Guatemala have increased at an annualized rate of 7.88%, from $369M in 1995 to $2.86B in 2022.

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

Guatemala-Mexico In 2022, Guatemala exported $692M to Mexico. The main products that Guatemala exported to Mexico were Palm Oil ($129M), Rubber ($85.1M), and Pesticides ($33.6M). During the last 27 years the exports of Guatemala to Mexico have increased at an annualized rate of 9.36%, from $61.8M in 1995 to $692M in 2022.

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

Comparison In 2022,  Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.24), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $2.86B to Guatemala. The main products exported from Mexico to Guatemala were Electricity ($119M), Video Displays ($116M), and Insulated Wire ($75.2M). During the last 27 years the exports of Mexico to Guatemala have increased at an annualized rate of 7.88%, from $369M in 1995 to $2.86B in 2022.

In 2022, Guatemala exported $692M to Mexico. The main products exported from Guatemala to Mexico were Palm Oil ($129M), Rubber ($85.1M), and Pesticides ($33.6M). During the last 27 years the exports of Guatemala to Mexico have increased at an annualized rate of 9.36%, from $61.8M in 1995 to $692M in 2022.

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

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

Latest Data

Trade between Mexico (Flag) and Guatemala (Flag)

Mexico Exports

Guatemala Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Guatemala
Top Destination
United States$5.23B

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

In 2021, countries that imported more from Mexico than Guatemala were United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2021, countries that imported more from Guatemala than Mexico were Honduras ($1.58B), El Salvador ($2.03B), and Mauritania ($78.8M).

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

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 2022, Mexico had a large net trade with Guatemala in the exports of Machines ($489M), Chemical Products ($487M), and Metals ($460M).

During 2022, Guatemala had a large net trade with Mexico in the exports of Animal and Vegetable Bi-Products ($189M), Plastics and Rubbers ($124M), and Chemical Products ($106M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Mexico has comparative advantage over Guatemala. Similarly, the more yellow a dot/product is, the more Guatemala has comparative advantage over Mexico.

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

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