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Pricing

2022
Flag → Flag
Exports $27.1MRnk 37 / 162
2022
Flag → Flag
Top Product $27.1MNutmeg, mace and cardamons
2022
Flag → Flag
Exports $26.1MRnk 68 / 139
2022
Flag → Flag
Top Product $4.01MNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
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GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
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GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Guatemala-Bangladesh Trade: In 2022, Guatemala exported $27.1M to Bangladesh. The main products that Guatemala exported to Bangladesh were Nutmeg, mace and cardamons ($27.1M). Over the past 5 years the exports of Guatemala to Bangladesh have decreased at an annualized rate of 2.63%, from $31M in 2017 to $27.1M in 2022.

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

Bangladesh-Guatemala Trade: In 2022, Bangladesh exported $26.1M to Guatemala. The main products that Bangladesh exported to Guatemala were Non-Knit Men's Suits ($4.01M), Knit T-shirts ($3.39M), and Non-Knit Women's Suits ($3.12M). Over the past 5 years the exports of Bangladesh to Guatemala have increased at an annualized rate of 101%,  from $798k in 2017 to $26.1M in 2022.

In 2022, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $27.1M to Bangladesh. The main products exported from Guatemala to Bangladesh were Nutmeg, mace and cardamons ($27.1M). During the last 5 years the exports of Guatemala to Bangladesh have decreased at an annualized rate of 2.63%, from $31M in 2017 to $27.1M in 2022.

In 2017, Bangladesh exported $26.1M to Guatemala. The main products exported from Bangladesh to Guatemala were Non-Knit Men's Suits ($4.01M), Knit T-shirts ($3.39M), and Non-Knit Women's Suits ($3.12M). During the last 5 years the exports of Bangladesh to Guatemala have increased at an annualized rate of 101%, from $798k in 2022 to $26.1M in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Bangladesh (Flag)

Guatemala Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Bangladesh
Top DestinationUnited States$11.7B

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

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

In 2022, countries that imported more from Bangladesh than Guatemala included Germany ($10.2B), United States ($11.7B), and United Kingdom ($4.86B).

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

Comparative Advantage Guatemala - Bangladesh

Flow
Scale

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

During 2022, Guatemala had a large net trade with Bangladesh in the exports of Vegetable Products ($27.1M).

During 2017, Bangladesh had a large net trade with Guatemala in the exports of Textiles ($21M), Footwear and Headwear ($2.71M), and Chemical Products ($1.03M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Bangladesh+$5.93kPalm Oil
Top Product Potential Bangladesh Guatemala+$4.41MKnit T-shirts

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

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

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