Austria (AUT) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Austria-Guatemala Trade: In 2023, Austria exported $51.1M to Guatemala. The main products that Austria exported to Guatemala were Large Iron Containers ($3.79M), Packaged Medicaments ($3.64M), and Vaccines, blood, antisera, toxins and cultures ($3.64M). Over the past 5 years the exports of Austria to Guatemala have increased at an annualized rate of 23.4%, from $17.9M in 2018 to $51.1M in 2023.

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

Guatemala-Austria Trade: In 2023, Guatemala exported $9.12M to Austria. The main products that Guatemala exported to Austria were Coffee ($1.85M), Hard Liquor ($1.79M), and Bananas ($1.53M). Over the past 5 years the exports of Guatemala to Austria have increased at an annualized rate of 5.66%, from $6.2M in 2018 to $9.12M in 2023.

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

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). 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, Austria exported $51.1M to Guatemala. The main products exported from Austria to Guatemala were Large Iron Containers ($3.79M), Packaged Medicaments ($3.64M), and Vaccines, blood, antisera, toxins and cultures ($3.64M). During the last 5 years the exports of Austria to Guatemala have increased at an annualized rate of 23.4%, from $17.9M in 2018 to $51.1M in 2023.

In 2018, Guatemala exported $9.12M to Austria. The main products exported from Guatemala to Austria were Coffee ($1.85M), Hard Liquor ($1.79M), and Bananas ($1.53M). During the last 5 years the exports of Guatemala to Austria have increased at an annualized rate of 5.66%, from $6.2M in 2023 to $9.12M in 2018.

Exports from Austria () to Guatemala () (2023)

Exports from Guatemala () to Austria () (2023)

Latest Data

Trade between Austria () and Guatemala ()

Austria Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Austria than Guatemala included Germany ($51B), Italy ($13.5B), and United States ($18.1B).

In 2023, countries that imported more from Guatemala than Austria included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

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

Comparative Advantage Austria - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Austria had a large net trade with Guatemala in the exports of Machines ($17M), Chemical Products ($9.9M), and Metals ($6.4M).

During 2018, Guatemala had a large net trade with Austria in the exports of Vegetable Products ($4.78M), Foodstuffs ($2.06M), and Textiles ($1.63M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Guatemala+$3.41MVaccines, blood, antisera, toxins and cultures

Top Product Potential Guatemala Austria+$483kCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Guatemala () (2023)

Exports from Guatemala () to Austria () (2023)

Latest Data

Trade between Austria () and Guatemala ()

Austria Exports

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Austria - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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