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Pricing

2022
Flag → Flag
Exports $5.4MRnk 77 / 166
2022
Flag → Flag
Top Product $2.11MEthylene Polymers
2022
Flag → Flag
Exports $20.4kRnk 148 / 162
2022
Flag → Flag
Top Product $20.3kPerfume Plants
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Nigeria-Guatemala Trade: In 2022, Nigeria exported $5.4M to Guatemala. The main products that Nigeria exported to Guatemala were Ethylene Polymers ($2.11M), Float Glass ($1.8M), and Unprocessed Synthetic Staple Fibers ($1.11M). Over the past 5 years the exports of Nigeria to Guatemala have increased at an annualized rate of 29.8%, from $1.46M in 2017 to $5.4M in 2022.

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

Guatemala-Nigeria Trade: In 2022, Guatemala exported $20.4k to Nigeria. The main products that Guatemala exported to Nigeria were Perfume Plants ($20.3k) and Non-Knit Men's Suits ($50). Over the past 5 years the exports of Guatemala to Nigeria have increased at an annualized rate of 47.4%,  from $2.92k in 2017 to $20.4k in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $5.4M to Guatemala. The main products exported from Nigeria to Guatemala were Ethylene Polymers ($2.11M), Float Glass ($1.8M), and Unprocessed Synthetic Staple Fibers ($1.11M). During the last 5 years the exports of Nigeria to Guatemala have increased at an annualized rate of 29.8%, from $1.46M in 2017 to $5.4M in 2022.

In 2017, Guatemala exported $20.4k to Nigeria. The main products exported from Guatemala to Nigeria were Perfume Plants ($20.3k) and Non-Knit Men's Suits ($50). During the last 5 years the exports of Guatemala to Nigeria have increased at an annualized rate of 47.4%, from $2.92k in 2022 to $20.4k in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Guatemala (Flag)

Nigeria Exports

Guatemala Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Nigeria than Guatemala included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Guatemala than Nigeria included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

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

Comparative Advantage Nigeria - Guatemala

Flow
Scale

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

During 2022, Nigeria had a large net trade with Guatemala in the exports of Stone And Glass ($2.15M), Plastics and Rubbers ($2.14M), and Textiles ($1.11M).

During 2017, Guatemala had a large net trade with Nigeria in the exports of Vegetable Products ($20.3k) and Textiles ($50).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Guatemala+$380kEthylene Polymers
Top Product Potential Guatemala Nigeria+$18.8kPerfume Plants

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

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

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