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2023
Flag → Flag
Exports $139MRnk 97 / 220
2023
Flag → Flag
Top Product $33.3MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $82.6MRnk 25 / 170
2023
Flag → Flag
Top Product $46MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Belgium-Guatemala Trade: In 2023, Belgium exported $139M to Guatemala. The main products that Belgium exported to Guatemala were Vaccines, blood, antisera, toxins and cultures ($33.3M), Malt ($15.6M), and Cars ($12.4M). Over the past 5 years the exports of Belgium to Guatemala have decreased at an annualized rate of 9.09%, from $224M in 2018 to $139M in 2023.

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

Guatemala-Belgium Trade: In 2023, Guatemala exported $82.6M to Belgium. The main products that Guatemala exported to Belgium were Coffee ($46M), Palm Oil ($9.08M), and Raw Sugar ($8.76M). Over the past 5 years the exports of Guatemala to Belgium have increased at an annualized rate of 1.32%,  from $77.3M in 2018 to $82.6M in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €7.69M and imported €4.57M from Guatemala, resulting in a positive trade balance of €3.12M. Between October 2023 and October 2024 the exports of Belgium have increased by €3.04M (65.3%) from €4.65M to €7.69M, while imports increased by €2.97M (186%) from €1.6M to €4.57M.

Trade In October 2024, the top exports of Belgium to Guatemala were Glues, starches, & albuminoid products (€1.18M), Unclassified (€907k), Preparations of vegetables, fruit, nuts or... (€301k), Miscellaneous edible preparations (€198k), and Carpets & textile floor covers (€147k). In October 2024 the top imports of Belgium from Guatemala were Coffee, tea, mate & spices (€977k), Edible fruits, nuts & fruit peels (€569k), Copper articles (€135k), Machinery, mechanical appliances, & parts (€61.4k), and Preparations of vegetables, fruit, nuts or... (€44.9k).

Growth In October 2024, the increase in Belgium's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Glues, starches, & albuminoid products (€694k or 143%), Preparations of vegetables, fruit, nuts or... (€250k or 490%), and Miscellaneous edible preparations (€168k or 545%). In October 2024, the increase in Belgium's year-by-year imports  from Guatemala was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels (€261k or 84.8%), Coffee, tea, mate & spices (€81.4k or 9.09%), and Machinery, mechanical appliances, & parts (€34.8k or 131%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€3.04M(65.3%)
IMPORT GROWTH (October 2023 - October 2024)€2.97M(186%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Guatemala and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $139M to Guatemala. The main products exported from Belgium to Guatemala were Vaccines, blood, antisera, toxins and cultures ($33.3M), Malt ($15.6M), and Cars ($12.4M). During the last 5 years the exports of Belgium to Guatemala have decreased at an annualized rate of 9.09%, from $224M in 2018 to $139M in 2023.

In 2018, Guatemala exported $82.6M to Belgium. The main products exported from Guatemala to Belgium were Coffee ($46M), Palm Oil ($9.08M), and Raw Sugar ($8.76M). During the last 5 years the exports of Guatemala to Belgium have increased at an annualized rate of 1.32%, from $77.3M in 2023 to $82.6M in 2018.

Exports from Belgium (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Belgium than Guatemala included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Difference in imports from Guatemala (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Guatemala

Flow
Scale

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

During 2023, Belgium had a large net trade with Guatemala in the exports of Chemical Products ($69M), Vegetable Products ($17M), and Foodstuffs ($14.1M).

During 2018, Guatemala had a large net trade with Belgium in the exports of Vegetable Products ($52.8M), Foodstuffs ($12.6M), and Animal and Vegetable Bi-Products ($9.35M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Guatemala+$6.25MCars
Top Product Potential Guatemala Belgium+$4.58MBananas

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

Product Space of Belgium (Flag) and Guatemala (Flag) (2023)

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