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Pricing

2022
Flag → Flag
Exports $868Rnk 79 / 95
2022
Flag → Flag
Top Product $805Cellulose Fibers Paper
2022
Flag → Flag
Exports $613kRnk 117 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Somalia-Guatemala Trade: In 2022, Somalia exported $868 to Guatemala. The main products that Somalia exported to Guatemala were Cellulose Fibers Paper ($805) and Excavation Machinery ($63). Over the past 18 years the exports of Somalia to Guatemala have decreased at an annualized rate of 18%, from $30.7k in 2004 to $868 in 2022.

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

Guatemala-Somalia In N/A, Guatemala did not export any products to Somalia.

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

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. 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, Somalia exported $868 to Guatemala. The main products exported from Somalia to Guatemala were Cellulose Fibers Paper ($805) and Excavation Machinery ($63). During the last 18 years the exports of Somalia to Guatemala have decreased at an annualized rate of 18%, from $30.7k in 2004 to $868 in 2022.

Guatemala does not register exports to Somalia.

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

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

Latest Data

Trade between Somalia (Flag) and Guatemala (Flag)

Guatemala Exports

Date

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Somalia than Guatemala included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

In 2022, countries that imported more from Guatemala than Somalia included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

Comparative Advantage Somalia - Guatemala

Flow
Scale

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

During 2022, Somalia had a large net trade with Guatemala in the exports of Paper Goods ($805) and Machines ($63).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Guatemala+$1.52kCrustaceans
Top Product Potential Guatemala Somalia+$2.73kRaw Sugar

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

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

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