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Pricing

2022
Flag → Flag
Exports $103MRnk 104 / 224
2022
Flag → Flag
Top Product $30.1MRefined Petroleum
2022
Flag → Flag
Exports $96.5MRnk 25 / 162
2022
Flag → Flag
Top Product $15.3MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

United Kingdom-Guatemala Trade: In 2022, United Kingdom exported $103M to Guatemala. The main products that United Kingdom exported to Guatemala were Refined Petroleum ($30.1M), Cars ($12.3M), and Hard Liquor ($11.1M). Over the past 5 years the exports of United Kingdom to Guatemala have increased at an annualized rate of 16.4%, from $48M in 2017 to $103M in 2022.

In 2022, United Kingdom did not export any services to Guatemala.

Guatemala-United Kingdom Trade: In 2022, Guatemala exported $96.5M to United Kingdom. The main products that Guatemala exported to United Kingdom were Coffee ($15.3M), Bananas ($12.7M), and Raw Sugar ($9.94M). Over the past 5 years the exports of Guatemala to United Kingdom have decreased at an annualized rate of 1.7%,  from $107M in 2017 to $96.5M in 2022.

In 2022, Guatemala did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £2.03M and imported £9.04M from Guatemala, resulting in a negative trade balance of £7.01M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-947k (-31.8%) from £2.97M to £2.03M, while imports decreased by £-2.25M (-19.9%) from £11.3M to £9.04M.

Trade In August 2024, the top exports of United Kingdom to Guatemala were Cars (£1.22M), Mixed Mineral or Chemical Fertilizers (£295k), Hard Liquor (£160k), Cheese (£104k), and Industrial Food Preperation Machinery (£92.4k). In August 2024 the top imports of United Kingdom from Guatemala were Hard Liquor (£1.59M), Bananas (£1.27M), Legumes (£941k), Tropical Fruits (£665k), and Other Fruits (£662k).

Origins In August 2024 the exports of United Kingdom were mainly from London Gateway (£814k), London Heathrow Airport (£498k), Southampton (£274k), London (£231k), and East Midlands Airport (£109k), while imports destinations were mainly London Gateway (£4.17M), Liverpool (£2.7M), Avonmouth (£1.61M), London Heathrow Airport (£251k), and Felixstowe (£119k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Packaged Medicaments (£-57k or -98.1%), Plastic Lids (£-37.4k or -81.5%), and Coffee and Tea Extracts (£-18.2k or -52.2%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Legumes (£-881k or -48.4%), Nutmeg, mace and cardamons (£-81.5k or -26.1%), and Hard Liquor (£-72.6k or -4.36%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-947k(-31.8%)
IMPORT GROWTH (August 2023 - August 2024)£-2.25M(-19.9%)
MAIN EXPORTER (August 2024)London Gateway£814k

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

To check Guatemala and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $103M to Guatemala. The main products exported from United Kingdom to Guatemala were Refined Petroleum ($30.1M), Cars ($12.3M), and Hard Liquor ($11.1M). During the last 5 years the exports of United Kingdom to Guatemala have increased at an annualized rate of 16.4%, from $48M in 2017 to $103M in 2022.

In 2017, Guatemala exported $96.5M to United Kingdom. The main products exported from Guatemala to United Kingdom were Coffee ($15.3M), Bananas ($12.7M), and Raw Sugar ($9.94M). During the last 5 years the exports of Guatemala to United Kingdom have decreased at an annualized rate of 1.7%, from $107M in 2022 to $96.5M in 2017.

Exports from United Kingdom (Flag) to Guatemala (Flag) (2022)

Exports from Guatemala (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from United Kingdom than Guatemala included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Difference in imports from Guatemala (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Guatemala

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Guatemala in the exports of Mineral Products ($30.4M), Machines ($15.6M), and Chemical Products ($15.3M).

During 2017, Guatemala had a large net trade with United Kingdom in the exports of Vegetable Products ($53.3M), Foodstuffs ($31.3M), and Textiles ($4.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Guatemala+$27.8MRefined Petroleum
Top Product Potential Guatemala United Kingdom+$13.9MCoffee

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

Product Space of United Kingdom (Flag) and Guatemala (Flag) (2022)

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