Bahamas (BHS) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Bahamas-Guatemala Trade: In 2022, Bahamas exported $42.2M to Guatemala. The main products that Bahamas exported to Guatemala were Refined Petroleum ($42.1M), Machinery Having Individual Functions ($47.5k), and Textile Footwear ($1.36k). Over the past 5 years the exports of Bahamas to Guatemala have increased at an annualized rate of 122%, from $776k in 2017 to $42.2M in 2022.

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

Guatemala-Bahamas Trade: In 2022, Guatemala exported $6.11M to Bahamas. The main products that Guatemala exported to Bahamas were Raw Sugar ($2.57M), Glass Bottles ($2.57M), and Packaged Medicaments ($409k). Over the past 5 years the exports of Guatemala to Bahamas have decreased at an annualized rate of 5.69%, from $8.19M in 2017 to $6.11M in 2022.

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

Comparison In 2022, Bahamas ranked 139 in total exports ($2.83B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bahamas exported $42.2M to Guatemala. The main products exported from Bahamas to Guatemala were Refined Petroleum ($42.1M), Machinery Having Individual Functions ($47.5k), and Textile Footwear ($1.36k). During the last 5 years the exports of Bahamas to Guatemala have increased at an annualized rate of 122%, from $776k in 2017 to $42.2M in 2022.

In 2017, Guatemala exported $6.11M to Bahamas. The main products exported from Guatemala to Bahamas were Raw Sugar ($2.57M), Glass Bottles ($2.57M), and Packaged Medicaments ($409k). During the last 5 years the exports of Guatemala to Bahamas have decreased at an annualized rate of 5.69%, from $8.19M in 2022 to $6.11M in 2017.

Exports from Bahamas () to Guatemala () (2022)

Exports from Guatemala () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Guatemala ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bahamas
Top DestinationUnited States$1.4B

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Bahamas than Guatemala included Cote d'Ivoire ($576M), Thailand ($185M), and Germany ($255M).

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

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

Comparative Advantage Bahamas - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bahamas had a large net trade with Guatemala in the exports of Mineral Products ($42.1M), Machines ($49.1k), and Footwear and Headwear ($1.36k).

During 2017, Guatemala had a large net trade with Bahamas in the exports of Foodstuffs ($2.65M), Stone And Glass ($2.58M), and Chemical Products ($413k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bahamas and Guatemala. This means that a dot/product with the flag of Bahamas indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Bahamas.

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Historical Data

Bilateral Trade by Products

Exports from Bahamas () to Guatemala () (2022)

Exports from Guatemala () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Guatemala ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Bahamas - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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