Guatemala (GTM) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Guatemala-Azerbaijan Trade: In 2022, Guatemala exported $1.2M to Azerbaijan. The main products that Guatemala exported to Azerbaijan were Sowing Seeds ($922k), Nutmeg, mace and cardamons ($177k), and Coffee ($39.4k). Over the past 5 years the exports of Guatemala to Azerbaijan have increased at an annualized rate of 43.4%, from $198k in 2017 to $1.2M in 2022.

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

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

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $1.2M to Azerbaijan. The main products exported from Guatemala to Azerbaijan were Sowing Seeds ($922k), Nutmeg, mace and cardamons ($177k), and Coffee ($39.4k). During the last 5 years the exports of Guatemala to Azerbaijan have increased at an annualized rate of 43.4%, from $198k in 2017 to $1.2M in 2022.

Azerbaijan does not register exports to Guatemala. The main products exported from Azerbaijan to Guatemala were Office Machine Parts ($3.15k), Motor vehicles; parts and accessories (8701 to 8705) ($2.04k), and Centrifuges ($312).

Exports from Guatemala () to Azerbaijan () (2022)

Exports from Azerbaijan () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Azerbaijan ()

Guatemala Exports

Date

Oct 2020

Sep 2020

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Guatemala included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Guatemala - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Azerbaijan in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Azerbaijan+$97.1kCoffee

Top Product Potential Azerbaijan Guatemala+$6.16kMotor vehicles; parts and accessories (8701 to 8705)

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Azerbaijan () (2022)

Exports from Azerbaijan () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Azerbaijan ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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