Denmark (DNK) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Denmark-Guatemala Trade: In 2023, Denmark exported $54.1M to Guatemala. The main products that Denmark exported to Guatemala were Packaged Medicaments ($9.95M), Other Edible Preparations ($7.2M), and Enzymes ($5.19M). Over the past 5 years the exports of Denmark to Guatemala have increased at an annualized rate of 30.7%, from $14.2M in 2018 to $54.1M in 2023.

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

Guatemala-Denmark Trade: In 2023, Guatemala exported $2.38M to Denmark. The main products that Guatemala exported to Denmark were Hard Liquor ($1.14M), Coffee ($432k), and Other live plants, cuttings and slips; mushroom spawn ($215k). Over the past 5 years the exports of Guatemala to Denmark have decreased at an annualized rate of 5.98%, from $3.24M in 2018 to $2.38M in 2023.

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

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $54.1M to Guatemala. The main products exported from Denmark to Guatemala were Packaged Medicaments ($9.95M), Other Edible Preparations ($7.2M), and Enzymes ($5.19M). During the last 5 years the exports of Denmark to Guatemala have increased at an annualized rate of 30.7%, from $14.2M in 2018 to $54.1M in 2023.

In 2018, Guatemala exported $2.38M to Denmark. The main products exported from Guatemala to Denmark were Hard Liquor ($1.14M), Coffee ($432k), and Other live plants, cuttings and slips; mushroom spawn ($215k). During the last 5 years the exports of Guatemala to Denmark have decreased at an annualized rate of 5.98%, from $3.24M in 2023 to $2.38M in 2018.

Exports from Denmark () to Guatemala () (2023)

Exports from Guatemala () to Denmark () (2023)

Latest Data

Trade between Denmark () and Guatemala ()

Denmark Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Denmark than Guatemala included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

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

Difference in imports from Guatemala () and Denmark () (2023)

Comparative Advantage Denmark - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Guatemala in the exports of Chemical Products ($17.5M), Foodstuffs ($11.4M), and Machines ($8.46M).

During 2018, Guatemala had a large net trade with Denmark in the exports of Foodstuffs ($1.14M), Vegetable Products ($890k), and Miscellaneous ($247k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Guatemala+$6.56MPackaged Medicaments

Top Product Potential Guatemala Denmark+$988kCoffee

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Guatemala () (2023)

Exports from Guatemala () to Denmark () (2023)

Latest Data

Trade between Denmark () and Guatemala ()

Denmark Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Denmark () (2023)

Comparative Advantage Denmark - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Denmark () and Guatemala () (2023)

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