2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 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 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 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

Chile-Guatemala Trade: In 2022, Chile exported $205M to Guatemala. The main products that Chile exported to Guatemala were Apples and Pears ($18.8M), Processed Cereals ($18.4M), and Sawn Wood ($16.3M). Over the past 5 years the exports of Chile to Guatemala have increased at an annualized rate of 10.9%, from $122M in 2017 to $205M in 2022.

In 2009, Chile exported services to Guatemala worth $7.39M, with Transportation ($7.39M) being the largest in terms of value.

Guatemala-Chile Trade: In 2022, Guatemala exported $141M to Chile. The main products that Guatemala exported to Chile were Raw Sugar ($85.3M), Rubber ($27.2M), and Animal Food ($5.33M). Over the past 5 years the exports of Guatemala to Chile have increased at an annualized rate of 7.85%,  from $96.5M in 2017 to $141M in 2022.

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

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). 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, Chile exported $205M to Guatemala. The main products exported from Chile to Guatemala were Apples and Pears ($18.8M), Processed Cereals ($18.4M), and Sawn Wood ($16.3M). During the last 5 years the exports of Chile to Guatemala have increased at an annualized rate of 10.9%, from $122M in 2017 to $205M in 2022.

In 2017, Guatemala exported $141M to Chile. The main products exported from Guatemala to Chile were Raw Sugar ($85.3M), Rubber ($27.2M), and Animal Food ($5.33M). During the last 5 years the exports of Guatemala to Chile have increased at an annualized rate of 7.85%, from $96.5M in 2022 to $141M in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from Chile than Guatemala included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

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

Comparative Advantage Chile - Guatemala

Flow
Scale

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

During 2022, Chile had a large net trade with Guatemala in the exports of Vegetable Products ($54.2M), Paper Goods ($42.1M), and Foodstuffs ($35.1M).

During 2017, Guatemala had a large net trade with Chile in the exports of Foodstuffs ($95.6M), Plastics and Rubbers ($28.3M), and Chemical Products ($7.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Guatemala+$1.62MPackaged Medicaments
Top Product Potential Guatemala Chile+$2.18MAnimal Food

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with