Uruguay (URY) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Uruguay-Guatemala Trade: In 2022, Uruguay exported $128M to Guatemala. The main products that Uruguay exported to Guatemala were Scented Mixtures ($98.7M), Malt ($8.92M), and Sawn Wood ($4.78M). Over the past 5 years the exports of Uruguay to Guatemala have increased at an annualized rate of 9.14%, from $82.4M in 2017 to $128M in 2022.

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

Guatemala-Uruguay Trade: In 2022, Guatemala exported $2.96M to Uruguay. The main products that Guatemala exported to Uruguay were Coffee ($723k), Other Inorganic Acids ($623k), and Industrial Fatty Acids, Oils and Alcohols ($524k). Over the past 5 years the exports of Guatemala to Uruguay have increased at an annualized rate of 12.7%, from $1.45M in 2017 to $2.96M in 2022.

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

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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, Uruguay exported $128M to Guatemala. The main products exported from Uruguay to Guatemala were Scented Mixtures ($98.7M), Malt ($8.92M), and Sawn Wood ($4.78M). During the last 5 years the exports of Uruguay to Guatemala have increased at an annualized rate of 9.14%, from $82.4M in 2017 to $128M in 2022.

In 2017, Guatemala exported $2.96M to Uruguay. The main products exported from Guatemala to Uruguay were Coffee ($723k), Other Inorganic Acids ($623k), and Industrial Fatty Acids, Oils and Alcohols ($524k). During the last 5 years the exports of Guatemala to Uruguay have increased at an annualized rate of 12.7%, from $1.45M in 2022 to $2.96M in 2017.

Exports from Uruguay () to Guatemala () (2022)

Exports from Guatemala () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Guatemala ()

Uruguay Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Uruguay than Guatemala included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

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

Comparative Advantage Uruguay - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Guatemala in the exports of Chemical Products ($109M), Vegetable Products ($9.96M), and Wood Products ($4.78M).

During 2017, Guatemala had a large net trade with Uruguay in the exports of Chemical Products ($1.45M), Vegetable Products ($813k), and Mineral Products ($212k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Guatemala+$825kPackaged Medicaments

Top Product Potential Guatemala Uruguay+$483kPesticides

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Guatemala () (2022)

Exports from Guatemala () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Guatemala ()

Uruguay Exports

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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