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Pricing

2022
Flag → Flag
Exports $495Rnk 95 / 105
2022
Flag → Flag
Top Product $381Knit T-shirts
2022
Flag → Flag
Exports $4.96MRnk 80 / 162
2022
Flag → Flag
Top Product $4.96MRaw Sugar
2022
Flag
Economic Complexity (ECI) ECI -2.2Rnk 132 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$21.2BCURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP GROWTH178%CURRENT US$
Rnk 4 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $1,532CURRENT US$
Rnk 157 / 186
2012-2022
Flag
GDP PC GROWTH116%CURRENT US$
Rnk 6 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Guinea-Guatemala Trade: In 2022, Guinea exported $495 to Guatemala. The main products that Guinea exported to Guatemala were Knit T-shirts ($381) and Motor vehicles; parts and accessories (8701 to 8705) ($114). Over the past 7 years the exports of Guinea to Guatemala have decreased at an annualized rate of 44.8%, from $31.5k in 2015 to $495 in 2022.

In 2022, Guinea did not export any services to Guatemala.

Guatemala-Guinea Trade: In 2022, Guatemala exported $4.96M to Guinea. The main products that Guatemala exported to Guinea were Raw Sugar ($4.96M). Over the past 7 years the exports of Guatemala to Guinea have increased at an annualized rate of 296%,  from $5.11k in 2015 to $4.96M in 2022.

In 2022, Guatemala did not export any services to Guinea.

Comparison: In 2022,  Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guinea exported $495 to Guatemala. The main products exported from Guinea to Guatemala were Knit T-shirts ($381) and Motor vehicles; parts and accessories (8701 to 8705) ($114). During the last 7 years the exports of Guinea to Guatemala have decreased at an annualized rate of 44.8%, from $31.5k in 2015 to $495 in 2022.

In 2017, Guatemala exported $4.96M to Guinea. The main products exported from Guatemala to Guinea were Raw Sugar ($4.96M). During the last 5 years the exports of Guatemala to Guinea have increased at an annualized rate of 296%, from $5.11k in 2022 to $4.96M in 2017.

Exports from Guinea (Flag) to Guatemala (Flag) (2022)

Exports from Guatemala (Flag) to Guinea (Flag) (2022)

Latest Data

Trade between Guinea (Flag) and Guatemala (Flag)

Guatemala Exports

Market Competitiveness

Color
Guinea
Top DestinationChina$3.81B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Guinea than Guatemala included China ($3.81B), India ($2.77B), and United Arab Emirates ($2.59B).

In 2022, countries that imported more from Guatemala than Guinea included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

Difference in imports from Guatemala (Flag) and Guinea (Flag) (2022)

Comparative Advantage Guinea - Guatemala

Flow
Scale

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

During 2022, Guinea had a large net trade with Guatemala in the exports of Textiles ($381) and Transportation ($114).

During 2017, Guatemala had a large net trade with Guinea in the exports of Foodstuffs ($4.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guinea Guatemala+$2.21kRefined Petroleum
Top Product Potential Guatemala Guinea+$91.5kRaw Sugar

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

Product Space of Guinea (Flag) and Guatemala (Flag) (2022)

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