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2022
Flag → Flag
Exports $480MRnk 24 / 187
2022
Flag → Flag
Top Product $173MCoal Briquettes
2022
Flag → Flag
Exports $112MRnk 20 / 162
2022
Flag → Flag
Top Product $28.4MIndustrial Fatty Acids, Oils and Alcohols
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186
2022
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GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
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GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Colombia-Guatemala Trade: In 2022, Colombia exported $480M to Guatemala. The main products that Colombia exported to Guatemala were Coal Briquettes ($173M), Refrigerators ($26.5M), and Raw Plastic Sheeting ($18.5M). Over the past 5 years the exports of Colombia to Guatemala have increased at an annualized rate of 8.57%, from $318M in 2017 to $480M in 2022.

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

Guatemala-Colombia Trade: In 2022, Guatemala exported $112M to Colombia. The main products that Guatemala exported to Colombia were Industrial Fatty Acids, Oils and Alcohols ($28.4M), Raw Sugar ($27.5M), and Pesticides ($13.3M). Over the past 5 years the exports of Guatemala to Colombia have increased at an annualized rate of 11.7%,  from $64.3M in 2017 to $112M in 2022.

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

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $480M to Guatemala. The main products exported from Colombia to Guatemala were Coal Briquettes ($173M), Refrigerators ($26.5M), and Raw Plastic Sheeting ($18.5M). During the last 5 years the exports of Colombia to Guatemala have increased at an annualized rate of 8.57%, from $318M in 2017 to $480M in 2022.

In 2017, Guatemala exported $112M to Colombia. The main products exported from Guatemala to Colombia were Industrial Fatty Acids, Oils and Alcohols ($28.4M), Raw Sugar ($27.5M), and Pesticides ($13.3M). During the last 5 years the exports of Guatemala to Colombia have increased at an annualized rate of 11.7%, from $64.3M in 2022 to $112M in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Guatemala (Flag)

Colombia Exports

Guatemala Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$15.6B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Colombia than Guatemala included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

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

Comparative Advantage Colombia - Guatemala

Flow
Scale

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

During 2022, Colombia had a large net trade with Guatemala in the exports of Mineral Products ($176M), Chemical Products ($81.1M), and Machines ($56.5M).

During 2017, Guatemala had a large net trade with Colombia in the exports of Chemical Products ($49.1M), Foodstuffs ($31.1M), and Plastics and Rubbers ($12.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Guatemala+$6.27MRefined Petroleum
Top Product Potential Guatemala Colombia+$4.56MPesticides

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

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

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