Thailand (THA) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Thailand-Guatemala Trade: In 2022, Thailand exported $199M to Guatemala. The main products that Thailand exported to Guatemala were Delivery Trucks ($94M), Cars ($19.4M), and Household Washing Machines ($10.2M). Over the past 5 years the exports of Thailand to Guatemala have increased at an annualized rate of 14.5%, from $101M in 2017 to $199M in 2022.

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

Guatemala-Thailand Trade: In 2022, Guatemala exported $17.1M to Thailand. The main products that Guatemala exported to Thailand were Scrap Aluminium ($11.7M), Scrap Iron ($3.18M), and Carboxyamide Compounds ($455k). Over the past 5 years the exports of Guatemala to Thailand have increased at an annualized rate of 20.1%, from $6.83M in 2017 to $17.1M in 2022.

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

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $199M to Guatemala. The main products exported from Thailand to Guatemala were Delivery Trucks ($94M), Cars ($19.4M), and Household Washing Machines ($10.2M). During the last 5 years the exports of Thailand to Guatemala have increased at an annualized rate of 14.5%, from $101M in 2017 to $199M in 2022.

In 2017, Guatemala exported $17.1M to Thailand. The main products exported from Guatemala to Thailand were Scrap Aluminium ($11.7M), Scrap Iron ($3.18M), and Carboxyamide Compounds ($455k). During the last 5 years the exports of Guatemala to Thailand have increased at an annualized rate of 20.1%, from $6.83M in 2022 to $17.1M in 2017.

Exports from Thailand () to Guatemala () (2022)

Exports from Guatemala () to Thailand () (2022)

Latest Data

Trade between Thailand () and Guatemala ()

Thailand Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Thailand than Guatemala included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Difference in imports from Guatemala () and Thailand () (2022)

Comparative Advantage Thailand - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Guatemala in the exports of Transportation ($118M), Machines ($32.2M), and Plastics and Rubbers ($21M).

During 2017, Guatemala had a large net trade with Thailand in the exports of Metals ($14.9M), Chemical Products ($624k), and Vegetable Products ($470k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Guatemala+$12.7MCars

Top Product Potential Guatemala Thailand+$1.04MPesticides

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Guatemala () (2022)

Exports from Guatemala () to Thailand () (2022)

Latest Data

Trade between Thailand () and Guatemala ()

Thailand Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Thailand () (2022)

Comparative Advantage Thailand - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Guatemala () (2022)

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