Senegal (SEN) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Senegal-Guatemala Trade: In 2023, Senegal exported $1.32k to Guatemala. The main products that Senegal exported to Guatemala were Knit T-shirts ($1.21k), Eyewear ($59), and Iron Fasteners ($48). Over the past 5 years the exports of Senegal to Guatemala have decreased at an annualized rate of 60.7%, from $141k in 2018 to $1.32k in 2023.

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

Guatemala-Senegal Trade: In 2023, Guatemala exported $8.59k to Senegal. The main products that Guatemala exported to Senegal were Non-Knit Active Wear ($6.13k), Liquid Pumps ($831), and Motor vehicles; parts and accessories (8701 to 8705) ($461). Over the past 5 years the exports of Guatemala to Senegal have decreased at an annualized rate of 72.4%, from $5.37M in 2018 to $8.59k in 2023.

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

Comparison: In 2023, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B). 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, Senegal exported $1.32k to Guatemala. The main products exported from Senegal to Guatemala were Knit T-shirts ($1.21k), Eyewear ($59), and Iron Fasteners ($48). During the last 5 years the exports of Senegal to Guatemala have decreased at an annualized rate of 60.7%, from $141k in 2018 to $1.32k in 2023.

In 2018, Guatemala exported $8.59k to Senegal. The main products exported from Guatemala to Senegal were Non-Knit Active Wear ($6.13k), Liquid Pumps ($831), and Motor vehicles; parts and accessories (8701 to 8705) ($461). During the last 5 years the exports of Guatemala to Senegal have decreased at an annualized rate of 72.4%, from $5.37M in 2023 to $8.59k in 2018.

Exports from Senegal () to Guatemala () (2023)

Exports from Guatemala () to Senegal () (2023)

Latest Data

Trade between Senegal () and Guatemala ()

Senegal Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Senegal
Top DestinationMali$1.22B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Senegal than Guatemala included Mali ($1.22B), India ($681M), and Switzerland ($625M).

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

Difference in imports from Guatemala () and Senegal () (2023)

Comparative Advantage Senegal - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Senegal had a large net trade with Guatemala in the exports of Textiles ($1.21k), Instruments ($59), and Metals ($48).

During 2018, Guatemala had a large net trade with Senegal in the exports of Textiles ($6.13k), Machines ($1.53k), and Transportation ($461).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Senegal Guatemala+$39.6kCars

Top Product Potential Guatemala Senegal+$10.3kNon-Knit Active Wear

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

About

Historical Data

Bilateral Trade by Products

Exports from Senegal () to Guatemala () (2023)

Exports from Guatemala () to Senegal () (2023)

Latest Data

Trade between Senegal () and Guatemala ()

Senegal Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Senegal () (2023)

Comparative Advantage Senegal - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Senegal () and Guatemala () (2023)

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