Finland (FIN) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

About

Finland-Guatemala Trade: In 2023, Finland exported $47.7M to Guatemala. The main products that Finland exported to Guatemala were Kraft Paper ($13.5M), Other Uncoated Paper ($10.7M), and Cellulose Fibers Paper ($6.16M). Over the past 5 years the exports of Finland to Guatemala have increased at an annualized rate of 10.9%, from $28.4M in 2018 to $47.7M in 2023.

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

Guatemala-Finland Trade: In 2023, Guatemala exported $22.2M to Finland. The main products that Guatemala exported to Finland were Raw Sugar ($12.1M), Coffee ($3.94M), and Bananas ($2.98M). Over the past 5 years the exports of Guatemala to Finland have increased at an annualized rate of 22.7%, from $7.98M in 2018 to $22.2M in 2023.

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

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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, Finland exported $47.7M to Guatemala. The main products exported from Finland to Guatemala were Kraft Paper ($13.5M), Other Uncoated Paper ($10.7M), and Cellulose Fibers Paper ($6.16M). During the last 5 years the exports of Finland to Guatemala have increased at an annualized rate of 10.9%, from $28.4M in 2018 to $47.7M in 2023.

In 2018, Guatemala exported $22.2M to Finland. The main products exported from Guatemala to Finland were Raw Sugar ($12.1M), Coffee ($3.94M), and Bananas ($2.98M). During the last 5 years the exports of Guatemala to Finland have increased at an annualized rate of 22.7%, from $7.98M in 2023 to $22.2M in 2018.

Exports from Finland () to Guatemala () (2023)

Exports from Guatemala () to Finland () (2023)

Latest Data

Trade between Finland () and Guatemala ()

Finland Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Finland than Guatemala included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

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

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

Comparative Advantage Finland - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Guatemala in the exports of Paper Goods ($35.2M), Machines ($4.91M), and Chemical Products ($3.57M).

During 2018, Guatemala had a large net trade with Finland in the exports of Foodstuffs ($12.6M), Vegetable Products ($9.01M), and Textiles ($375k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Guatemala+$1.63MKaolin Coated Paper

Top Product Potential Guatemala Finland+$3.44MCoffee

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Guatemala () (2023)

Exports from Guatemala () to Finland () (2023)

Latest Data

Trade between Finland () and Guatemala ()

Finland Exports

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Finland - Guatemala

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring