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2023
Flag → Flag
Exports $626MRnk 85 / 220
2023
Flag → Flag
Top Product $66.8MCars
2023
Flag → Flag
Exports $209MRnk 12 / 170
2023
Flag → Flag
Top Product $65.5MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
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GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Germany-Guatemala Trade: In 2023, Germany exported $626M to Guatemala. The main products that Germany exported to Guatemala were Cars ($66.8M), Packaged Medicaments ($50.5M), and Cranes ($41.9M). Over the past 5 years the exports of Germany to Guatemala have increased at an annualized rate of 16.8%, from $287M in 2018 to $626M in 2023.

In 2023, Germany did not export any services to Guatemala.

Guatemala-Germany Trade: In 2023, Guatemala exported $209M to Germany. The main products that Guatemala exported to Germany were Palm Oil ($65.5M), Coffee ($43.8M), and Bananas ($23.6M). Over the past 5 years the exports of Guatemala to Germany have increased at an annualized rate of 9.99%,  from $130M in 2018 to $209M in 2023.

In 2023, Guatemala did not export any services to Germany.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €37.9M and imported €25.1M from Guatemala, resulting in a positive trade balance of €12.8M. Between November 2023 and November 2024 the exports of Germany have increased by €10.8M (39.9%) from €27.1M to €37.9M, while imports decreased by €-3.08M (-10.9%) from €28.1M to €25.1M.

Trade In November 2024, the top exports of Germany to Guatemala were Basic pharmaceutical products (€2.66M), Other machinery (€2.65M), Motor cars and motor caravans (€1.51M), Other chemical final products (€1.25M), and Medical, surgical equipment, orthopaedic apparatus (€1.22M). In November 2024 the top imports of Germany from Guatemala were Vegetable oils and fats (€6.86M), Unmanufactured tobacco and tobacco products (€4.97M), Tropical and subtropical fruits (€2.65M), Spirits (€1.72M), and Oilseed and oleaginous fruits (€770k).

Origins In November 2024 the exports of Germany were mainly from Saxony (€6.61M), North Rhine-Westphalia (€6.12M), Bavaria (€4.45M), Baden-Württemberg (€4.28M), and Lower Saxony (€2.38M), while imports destinations were mainly Hamburg (€10.3M), Lower Saxony (€9.29M), North Rhine-Westphalia (€1.07M), Bremen (€998k), and Baden-Württemberg (€963k).

Growth In November 2024, the increase in Germany's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Basic pharmaceutical products (€2.01M or 308%), Machinery for mining, quarrying and construction (€1.06M or 1.28k%), and Other mineral construction materials (€822k or 11.7k%). In November 2024, the decrease in Germany's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Vegetable oils and fats (€-2.68M or -28.1%), Spices (€-652k or -53.5%), and Apparel of knitted or crocheted fabrics... (€-398k or -53.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€10.8M(39.9%)
IMPORT GROWTH (November 2023 - November 2024)€-3.08M(-10.9%)
MAIN EXPORTER (November 2024)Saxony€6.61M

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $626M to Guatemala. The main products exported from Germany to Guatemala were Cars ($66.8M), Packaged Medicaments ($50.5M), and Cranes ($41.9M). During the last 5 years the exports of Germany to Guatemala have increased at an annualized rate of 16.8%, from $287M in 2018 to $626M in 2023.

In 2018, Guatemala exported $209M to Germany. The main products exported from Guatemala to Germany were Palm Oil ($65.5M), Coffee ($43.8M), and Bananas ($23.6M). During the last 5 years the exports of Guatemala to Germany have increased at an annualized rate of 9.99%, from $130M in 2023 to $209M in 2018.

Exports from Germany (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Guatemala
Top DestinationUnited States$5.16B

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 2023, countries that imported more from Germany than Guatemala included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Guatemala than Germany included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

Difference in imports from Guatemala (Flag) and Germany (Flag) (2023)

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 2023, Germany had a large net trade with Guatemala in the exports of Machines ($230M), Chemical Products ($183M), and Transportation ($79.8M).

During 2018, Guatemala had a large net trade with Germany in the exports of Vegetable Products ($85.2M), Animal and Vegetable Bi-Products ($73M), and Foodstuffs ($34.3M).

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) (2023)

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