Guatemala (GTM) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Guatemala-Armenia Trade: In 2022, Guatemala exported $171k to Armenia. The main products that Guatemala exported to Armenia were Sowing Seeds ($88.4k), Hard Liquor ($27.3k), and Knit T-shirts ($12.3k). Over the past 5 years the exports of Guatemala to Armenia have increased at an annualized rate of 40.3%, from $31.5k in 2017 to $171k in 2022.

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

Armenia-Guatemala In N/A, Armenia did not export any products to Guatemala.

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

Comparison: In 2022, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $171k to Armenia. The main products exported from Guatemala to Armenia were Sowing Seeds ($88.4k), Hard Liquor ($27.3k), and Knit T-shirts ($12.3k). During the last 5 years the exports of Guatemala to Armenia have increased at an annualized rate of 40.3%, from $31.5k in 2017 to $171k in 2022.

Armenia does not register exports to Guatemala. The main products exported from Armenia to Guatemala were Aluminium Foil ($58.3k), Chocolate ($42.2k), and Flavored Water ($11.9k).

Exports from Guatemala () to Armenia () (2022)

Exports from Armenia () to Guatemala () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Armenia
Top DestinationRussia$2.36B

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

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

In 2022, countries that imported more from Armenia than Guatemala included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

Difference in imports from Armenia () and Guatemala () (2022)

Comparative Advantage Guatemala - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Armenia in the exports of Vegetable Products ($114k), Foodstuffs ($27.9k), and Textiles ($25.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Armenia+$53.1kCoffee

Top Product Potential Armenia Guatemala+$78.1kAluminium Foil

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Armenia () (2022)

Exports from Armenia () to Guatemala () (2022)

Market Competitiveness

Difference in imports from Armenia () and Guatemala () (2022)

Comparative Advantage Guatemala - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Armenia () (2022)

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