2023
Flag  
GDP
$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH
23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP
$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH
97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC 
$11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH
6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC
$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH
67.3%CURRENT US$
Rnk 27 / 195

About

Malaysia-Guatemala Trade: In 2023, Malaysia exported $89.7M to Guatemala. The main products that Malaysia exported to Guatemala were Machinery Having Individual Functions ($9.28M), Documents of title (bonds etc) and unused stamps ($7.02M), and Other Vegetable Oils ($6.49M). Over the past 5 years the exports of Malaysia to Guatemala have decreased at an annualized rate of 3.58%, from $108M in 2018 to $89.7M in 2023.

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

Guatemala-Malaysia Trade: In 2023, Guatemala exported $19.7M to Malaysia. The main products that Guatemala exported to Malaysia were Coffee ($7.07M), Nutmeg, mace and cardamons ($3.17M), and Other Electrical Machinery ($2.73M). Over the past 5 years the exports of Guatemala to Malaysia have increased at an annualized rate of 6.66%,  from $14.3M in 2018 to $19.7M in 2023.

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

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). 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

In 2023, Malaysia exported $89.7M to Guatemala. The main products exported from Malaysia to Guatemala were Machinery Having Individual Functions ($9.28M), Documents of title (bonds etc) and unused stamps ($7.02M), and Other Vegetable Oils ($6.49M). During the last 5 years the exports of Malaysia to Guatemala have decreased at an annualized rate of 3.58%, from $108M in 2018 to $89.7M in 2023.

In 2018, Guatemala exported $19.7M to Malaysia. The main products exported from Guatemala to Malaysia were Coffee ($7.07M), Nutmeg, mace and cardamons ($3.17M), and Other Electrical Machinery ($2.73M). During the last 5 years the exports of Guatemala to Malaysia have increased at an annualized rate of 6.66%, from $14.3M in 2023 to $19.7M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
China$79.8B
Guatemala
Top Destination
United States$5.16B

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

In 2023, countries that imported more from Malaysia than Guatemala included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

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

Comparative Advantage Malaysia - Guatemala

Flow
Scale

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

During 2023, Malaysia had a large net trade with Guatemala in the exports of Machines ($35.9M), Chemical Products ($11.7M), and Animal and Vegetable Bi-Products ($10.5M).

During 2018, Guatemala had a large net trade with Malaysia in the exports of Vegetable Products ($10.3M), Machines ($3.18M), and Plastics and Rubbers ($2.95M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Guatemala+$10.4MRefined Petroleum
Top Product Potential Guatemala Malaysia+$3.95MCoffee

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

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

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