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2023
Flag → Flag
Exports $375MRnk 74 / 220
2023
Flag → Flag
Top Product $69.3MPackaged Medicaments
2023
Flag → Flag
Exports $325MRnk 9 / 170
2023
Flag → Flag
Top Product $166MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Spain-Guatemala Trade: In 2023, Spain exported $375M to Guatemala. The main products that Spain exported to Guatemala were Packaged Medicaments ($69.3M), Other Edible Preparations ($20.6M), and Prepared Pigments ($20.5M). Over the past 5 years the exports of Spain to Guatemala have increased at an annualized rate of 3.18%, from $321M in 2018 to $375M in 2023.

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

Guatemala-Spain Trade: In 2023, Guatemala exported $325M to Spain. The main products that Guatemala exported to Spain were Palm Oil ($166M), Raw Sugar ($37.1M), and Processed Fish ($35.2M). Over the past 5 years the exports of Guatemala to Spain have increased at an annualized rate of 5.12%,  from $188M in 2018 to $325M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

December, 2024

About

Overview In December 2024, Spain exported €31.7M and imported €14.1M from Guatemala, resulting in a positive trade balance of €17.6M. Between December 2023 and December 2024 the exports of Spain have increased by €4.71M (17.4%) from €27M to €31.7M, while imports decreased by €-9.78M (-40.9%) from €23.9M to €14.1M.

Trade In December 2024, the top exports of Spain to Guatemala were Packaged Medicaments (€5.52M), Perfumes (€1.36M), Washing and Bottling Machines (€1.06M), Other Edible Preparations (€738k), and Prepared Pigments (€728k). In December 2024 the top imports of Spain from Guatemala were Processed Fish (€5.27M), Palm Oil (€3.66M), Non-fillet Frozen Fish (€1.67M), Coconut Oil (€823k), and Processed Crustaceans (€615k).

Origins In December 2024 the exports of Spain were mainly from Barcelona (€8.37M), Madrid (€3.66M), Girona (€3.26M), Granada (€2.47M), and Castellón (€2.36M), while imports destinations were mainly Barcelona (€8.61M), A Coruña (€2.63M), Murcia (€910k), Madrid (€509k), and Pontevedra (€428k).

Growth In December 2024, the increase in Spain's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Packaged Medicaments (€2.12M or 62.3%), Washing and Bottling Machines (€725k or 219%), and Other Agricultural Machinery (€535k or 490%). In December 2024, the decrease in Spain's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Palm Oil (€-10.6M or -74.4%), Coconut Oil (€-1.58M or -65.7%), and Non-fillet Frozen Fish (€-1.55M or -48.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€4.71M(17.4%)
IMPORT GROWTH (December 2023 - December 2024)€-9.78M(-40.9%)
MAIN EXPORTER (December 2024)Barcelona€8.37M

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $375M to Guatemala. The main products exported from Spain to Guatemala were Packaged Medicaments ($69.3M), Other Edible Preparations ($20.6M), and Prepared Pigments ($20.5M). During the last 5 years the exports of Spain to Guatemala have increased at an annualized rate of 3.18%, from $321M in 2018 to $375M in 2023.

In 2018, Guatemala exported $325M to Spain. The main products exported from Guatemala to Spain were Palm Oil ($166M), Raw Sugar ($37.1M), and Processed Fish ($35.2M). During the last 5 years the exports of Guatemala to Spain have increased at an annualized rate of 5.12%, from $188M in 2023 to $325M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Spain than Guatemala included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

Comparative Advantage Spain - Guatemala

Flow
Scale

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

During 2023, Spain had a large net trade with Guatemala in the exports of Chemical Products ($148M), Machines ($65.1M), and Foodstuffs ($42.8M).

During 2018, Guatemala had a large net trade with Spain in the exports of Animal and Vegetable Bi-Products ($181M), Foodstuffs ($87.3M), and Animal Products ($31.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Guatemala+$13.5MRefined Petroleum
Top Product Potential Guatemala Spain+$8.4MCoffee

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

Product Space of Spain (Flag) and Guatemala (Flag) (2023)

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