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2022
Flag → Flag
Exports $268MRnk 57 / 215
2022
Flag → Flag
Top Product $72.9MWheat
2022
Flag → Flag
Exports $283MRnk 12 / 162
2022
Flag → Flag
Top Product $89.8MCoffee
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Canada-Guatemala Trade: In 2022, Canada exported $268M to Guatemala. The main products that Canada exported to Guatemala were Wheat ($72.9M), Planes, Helicopters, and/or Spacecraft ($39.3M), and Potassic Fertilizers ($22.6M). Over the past 5 years the exports of Canada to Guatemala have increased at an annualized rate of 22.3%, from $97.9M in 2017 to $268M in 2022.

In 2020, Canada exported services to Guatemala worth $9.69M, with Travel ($8.95M) and Computer and information services ($746k) being the largest in terms of value.

Guatemala-Canada Trade: In 2022, Guatemala exported $283M to Canada. The main products that Guatemala exported to Canada were Coffee ($89.8M), Raw Sugar ($54.2M), and Melons ($34.4M). Over the past 5 years the exports of Guatemala to Canada have decreased at an annualized rate of 11%,  from $507M in 2017 to $283M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

July, 2024

About

Overview In July 2024, Canada exported C$6.91M and imported C$74.1M from Guatemala, resulting in a negative trade balance of C$67.2M. Between July 2023 and July 2024 the exports of Canada have decreased by C$-12.6M (-64.5%) from C$19.5M to C$6.91M, while imports increased by C$17.5M (30.9%) from C$56.6M to C$74.1M.

Trade In July 2024, the top exports of Canada to Guatemala were Wheat (C$12.9M), Potassic Fertilizers (C$2.27M), Potatoes (C$1.11M), Other Furniture (C$652k), and Poultry (C$394k). In July 2024 the top imports of Canada from Guatemala were Bananas (C$23.5M), Raw Sugar (C$22.6M), Coffee (C$13.5M), Melons (C$8.95M), and Legumes (C$3.25M).

Origins In July 2024 the exports of Canada were mainly from Quebec (C$2.12M), Ontario (C$1.97M), British Columbia (C$1.18M), New Brunswick (C$1.09M), and Newfoundland Labrador (C$249k), while imports destinations were mainly Ontario (C$30.3M), Quebec (C$24.9M), British Columbia (C$9.19M), Alberta (C$6.4M), and New Brunswick (C$1.38M).

Growth In July 2024, the decrease in Canada's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Kraft Paper (C$-468k or -95.9%), Malt Extract (C$-131k or -49.5%), and Used Clothing (C$-91.6k or -73.1%). In July 2024, the increase in Canada's year-by-year imports  from Guatemala was explained primarily by an increase in product imports  in Raw Sugar (C$7.5M or 49.7%), Coffee (C$4.29M or 46.4%), and Bananas (C$2.29M or 10.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)C$-12.6M(-64.5%)
IMPORT GROWTH (July 2023 - July 2024)C$17.5M(30.9%)
MAIN EXPORTER (July 2024)QuebecC$2.12M

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $268M to Guatemala. The main products exported from Canada to Guatemala were Wheat ($72.9M), Planes, Helicopters, and/or Spacecraft ($39.3M), and Potassic Fertilizers ($22.6M). During the last 5 years the exports of Canada to Guatemala have increased at an annualized rate of 22.3%, from $97.9M in 2017 to $268M in 2022.

In 2017, Guatemala exported $283M to Canada. The main products exported from Guatemala to Canada were Coffee ($89.8M), Raw Sugar ($54.2M), and Melons ($34.4M). During the last 5 years the exports of Guatemala to Canada have decreased at an annualized rate of 11%, from $507M in 2022 to $283M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Canada than Guatemala included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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

Comparative Advantage Canada - Guatemala

Flow
Scale

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

During 2022, Canada had a large net trade with Guatemala in the exports of Vegetable Products ($79.3M), Transportation ($57.9M), and Chemical Products ($33.9M).

During 2017, Guatemala had a large net trade with Canada in the exports of Vegetable Products ($177M), Foodstuffs ($63.3M), and Textiles ($30.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Guatemala+$18.9MRefined Petroleum
Top Product Potential Guatemala Canada+$21.7MCoffee

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

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

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