Bermuda (BMU) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Bermuda-Guatemala Trade: In 2022, Bermuda exported $331 to Guatemala. The main products that Bermuda exported to Guatemala were Air Pumps ($331). Over the past 14 years the exports of Bermuda to Guatemala have decreased at an annualized rate of 31.2%, from $61.9k in 2008 to $331 in 2022.

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

Guatemala-Bermuda Trade: In 2022, Guatemala exported $101k to Bermuda. The main products that Guatemala exported to Bermuda were Wood Carpentry ($33.5k), Non-Knit Women's Suits ($33.4k), and Hard Liquor ($27.6k). Over the past 14 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 12.9%, from $202k in 2008 to $101k in 2022.

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

Comparison In 2022, Bermuda ranked 199 in total exports ($68.1M), 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, Bermuda exported $331 to Guatemala. The main products exported from Bermuda to Guatemala were Air Pumps ($331). During the last 14 years the exports of Bermuda to Guatemala have decreased at an annualized rate of 31.2%, from $61.9k in 2008 to $331 in 2022.

In 2017, Guatemala exported $101k to Bermuda. The main products exported from Guatemala to Bermuda were Wood Carpentry ($33.5k), Non-Knit Women's Suits ($33.4k), and Hard Liquor ($27.6k). During the last 5 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 12.9%, from $202k in 2022 to $101k in 2017.

Exports from Bermuda () to Guatemala () (2022)

Exports from Guatemala () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Guatemala ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Bermuda than Guatemala included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

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

Comparative Advantage Bermuda - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Guatemala in the exports of Machines ($331).

During 2017, Guatemala had a large net trade with Bermuda in the exports of Textiles ($33.8k), Wood Products ($33.5k), and Foodstuffs ($27.6k).

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

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Guatemala () (2022)

Exports from Guatemala () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Guatemala ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Bermuda - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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