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2023
Flag → Flag
Exports $89.7MRnk 97 / 221
2023
Flag → Flag
Top Product $9.28MMachinery Having Individual Functions
2023
Flag → Flag
Exports $19.7MRnk 40 / 170
2023
Flag → Flag
Top Product $7.07MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%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).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR21.9M and imported MYR2.82M from Guatemala, resulting in a positive trade balance of MYR19M. Between November 2023 and November 2024 the exports of Malaysia have increased by MYR1.21M (5.86%) from MYR20.7M to MYR21.9M, while imports decreased by MYR-1.33M (-32%) from MYR4.15M to MYR2.82M.

Trade In November 2024, the top exports of Malaysia to Guatemala were Packaged Medicaments (MYR3.03M), Float Glass (MYR1.45M), Machinery Having Individual Functions (MYR1.38M), Central Heating Boilers (MYR1.29M), and Other Vegetable Oils (MYR1.07M). In November 2024 the top imports of Malaysia from Guatemala were Rubber (MYR1.97M), Nutmeg, mace and cardamons (MYR720k), Styrene Polymers (MYR167k), Scrap Aluminium (MYR165k), and Ethylene Polymers (MYR108k).

Growth In November 2024, the increase in Malaysia's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Machinery Having Individual Functions (MYR1.19M or 630%), Synthetic Rubber (MYR505k or 387%), and Petroleum Jelly (MYR380k or 82.5%). In November 2024, the decrease in Malaysia's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Knit Men's Shirts (MYR-12k or -49.2%) and Knit T-shirts (MYR-11k or -10.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR1.21M(5.86%)
IMPORT GROWTH (November 2023 - November 2024)MYR-1.33M(-32%)

This section shows exports and imports data at subnational level for Malaysia. Click any date in the line plot or any product to explore the exports or imports behavior of Malaysia over time.

To check Guatemala and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Malaysia Data

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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 DestinationChina$79.8B
Guatemala
Top DestinationUnited 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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