Guatemala (GTM) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

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Guatemala-Bermuda Trade: In 2022, Guatemala exported $101k to Bermuda. The main products that Guatemala exported to Bermuda were Wood Carpentry ($33.5k), Non-Knit Women's Suits ($33.4k), and Hard Liquor ($27.6k). Over the past 5 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 12.9%, from $202k in 2017 to $101k in 2022.

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

Bermuda-Guatemala Trade: In 2022, Bermuda exported $331 to Guatemala. The main products that Bermuda exported to Guatemala were Air Pumps ($331). Over the past 5 years the exports of Bermuda to Guatemala have decreased at an annualized rate of 29.6%, from $1.91k in 2017 to $331 in 2022.

In 2022, Bermuda 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, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $101k to Bermuda. The main products exported from Guatemala to Bermuda were Wood Carpentry ($33.5k), Non-Knit Women's Suits ($33.4k), and Hard Liquor ($27.6k). During the last 5 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 12.9%, from $202k in 2017 to $101k in 2022.

In 2017, Bermuda exported $331 to Guatemala. The main products exported from Bermuda to Guatemala were Air Pumps ($331). During the last 5 years the exports of Bermuda to Guatemala have decreased at an annualized rate of 29.6%, from $1.91k in 2022 to $331 in 2017.

Exports from Guatemala () to Bermuda () (2022)

Exports from Bermuda () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Bermuda ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Bermuda
Top DestinationZambia$17.5M

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

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

In 2022, countries that imported more from Bermuda than Guatemala included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

Comparative Advantage Guatemala - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Bermuda in the exports of Textiles ($33.8k), Wood Products ($33.5k), and Foodstuffs ($27.6k).

During 2017, Bermuda had a large net trade with Guatemala in the exports of Machines ($331).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Bermuda () (2022)

Exports from Bermuda () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Bermuda ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Bermuda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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