2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 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 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 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

Germany-Guatemala Trade: In 2022, Germany exported $436M to Guatemala. The main products that Germany exported to Guatemala were Packaged Medicaments ($54.4M), Vaccines, blood, antisera, toxins and cultures ($24.5M), and Cars ($23.3M). Over the past 5 years the exports of Germany to Guatemala have increased at an annualized rate of 3.68%, from $364M in 2017 to $436M in 2022.

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

Guatemala-Germany Trade: In 2022, Guatemala exported $160M to Germany. The main products that Guatemala exported to Germany were Coffee ($45.3M), Palm Oil ($26.3M), and Alcohol > 80% ABV ($17.6M). Over the past 5 years the exports of Guatemala to Germany have increased at an annualized rate of 1.55%,  from $148M in 2017 to $160M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). 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, Germany exported $436M to Guatemala. The main products exported from Germany to Guatemala were Packaged Medicaments ($54.4M), Vaccines, blood, antisera, toxins and cultures ($24.5M), and Cars ($23.3M). During the last 5 years the exports of Germany to Guatemala have increased at an annualized rate of 3.68%, from $364M in 2017 to $436M in 2022.

In 2017, Guatemala exported $160M to Germany. The main products exported from Guatemala to Germany were Coffee ($45.3M), Palm Oil ($26.3M), and Alcohol > 80% ABV ($17.6M). During the last 5 years the exports of Guatemala to Germany have increased at an annualized rate of 1.55%, from $148M in 2022 to $160M in 2017.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from Germany than Guatemala included United States ($153B), France ($120B), and China ($109B).

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

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

Comparative Advantage Germany - Guatemala

Flow
Scale

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

During 2022, Germany had a large net trade with Guatemala in the exports of Chemical Products ($167M), Machines ($107M), and Paper Goods ($32M).

During 2017, Guatemala had a large net trade with Germany in the exports of Vegetable Products ($74.6M), Foodstuffs ($37.8M), and Animal and Vegetable Bi-Products ($27.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Guatemala+$37.8MCars
Top Product Potential Guatemala Germany+$33.7MCoffee

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

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

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