North Macedonia (MKD) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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North Macedonia-Guatemala Trade: In 2023, North Macedonia exported $1.18M to Guatemala. The main products that North Macedonia exported to Guatemala were Medical Instruments ($438k), Centrifuges ($434k), and Packaged Medicaments ($121k). Over the past 6 years the exports of North Macedonia to Guatemala have decreased at an annualized rate of 7.06%, from $1.83M in 2017 to $1.18M in 2023.

In 2023, North Macedonia did not export any services to Guatemala.

Guatemala-North Macedonia Trade: In 2023, Guatemala exported $253k to North Macedonia. The main products that Guatemala exported to North Macedonia were Raw Tobacco ($154k), Sowing Seeds ($50.8k), and Coffee ($21.8k). Over the past 6 years the exports of Guatemala to North Macedonia have decreased at an annualized rate of 16.1%, from $1.74M in 2017 to $253k in 2023.

In 2023, Guatemala did not export any services to North Macedonia.

Comparison In 2023, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. 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, North Macedonia exported $1.18M to Guatemala. The main products exported from North Macedonia to Guatemala were Medical Instruments ($438k), Centrifuges ($434k), and Packaged Medicaments ($121k). During the last 6 years the exports of North Macedonia to Guatemala have decreased at an annualized rate of 7.06%, from $1.83M in 2017 to $1.18M in 2023.

In 2018, Guatemala exported $253k to North Macedonia. The main products exported from Guatemala to North Macedonia were Raw Tobacco ($154k), Sowing Seeds ($50.8k), and Coffee ($21.8k). During the last 5 years the exports of Guatemala to North Macedonia have decreased at an annualized rate of 16.1%, from $1.74M in 2023 to $253k in 2018.

Exports from North Macedonia () to Guatemala () (2023)

Exports from Guatemala () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Guatemala ()

North Macedonia Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from North Macedonia than Guatemala included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

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

Difference in imports from Guatemala () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Guatemala in the exports of Instruments ($464k), Machines ($436k), and Chemical Products ($140k).

During 2018, Guatemala had a large net trade with North Macedonia in the exports of Foodstuffs ($162k), Vegetable Products ($79.1k), and Textiles ($8.49k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Guatemala+$155kCentrifuges

Top Product Potential Guatemala North Macedonia+$115kBananas

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Guatemala () (2023)

Exports from Guatemala () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Guatemala ()

North Macedonia Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Guatemala () (2023)

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