2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186

About

Brazil-Guatemala Trade: In 2022, Brazil exported $615M to Guatemala. The main products that Brazil exported to Guatemala were Corn ($149M), Cars ($31M), and Large Construction Vehicles ($28.8M). Over the past 5 years the exports of Brazil to Guatemala have increased at an annualized rate of 15.7%, from $297M in 2017 to $615M in 2022.

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

Guatemala-Brazil Trade: In 2022, Guatemala exported $53.8M to Brazil. The main products that Guatemala exported to Brazil were Rubber ($15.5M), Scrap Aluminium ($15.1M), and Borates ($9.68M). Over the past 5 years the exports of Guatemala to Brazil have increased at an annualized rate of 3.1%,  from $46.2M in 2017 to $53.8M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). 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
Value

In 2022, Brazil exported $615M to Guatemala. The main products exported from Brazil to Guatemala were Corn ($149M), Cars ($31M), and Large Construction Vehicles ($28.8M). During the last 5 years the exports of Brazil to Guatemala have increased at an annualized rate of 15.7%, from $297M in 2017 to $615M in 2022.

In 2017, Guatemala exported $53.8M to Brazil. The main products exported from Guatemala to Brazil were Rubber ($15.5M), Scrap Aluminium ($15.1M), and Borates ($9.68M). During the last 5 years the exports of Guatemala to Brazil have increased at an annualized rate of 3.1%, from $46.2M in 2022 to $53.8M in 2017.

Exports from Brazil (Flag) to Guatemala (Flag) (2022)

Exports from Guatemala (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from Brazil than Guatemala included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Guatemala than Brazil included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

Difference in imports from Guatemala (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Guatemala

Flow
Scale

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

During 2022, Brazil had a large net trade with Guatemala in the exports of Vegetable Products ($179M), Machines ($129M), and Transportation ($77.8M).

During 2017, Guatemala had a large net trade with Brazil in the exports of Metals ($18M), Plastics and Rubbers ($16.1M), and Chemical Products ($14.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Guatemala+$13.7MCars
Top Product Potential Guatemala Brazil+$3.49MPesticides

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

Product Space of Brazil (Flag) and Guatemala (Flag) (2022)

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