2023
Flag  
GDP
$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH
97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP
$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
GDP PC 
$5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH
67.3%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC
$125,842CURRENT US$
Rnk 3 / 196
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195

About

Guatemala-Bermuda Trade: In 2023, Guatemala exported $4.85k to Bermuda. The main products that Guatemala exported to Bermuda were Other live plants, cuttings and slips; mushroom spawn ($4.85k). Over the past 5 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 30.3%, from $29.4k in 2018 to $4.85k in 2023.

In 2023, Guatemala did not export any services to Bermuda.

Bermuda-Guatemala Trade: In 2023, Bermuda exported $331 to Guatemala. The main products that Bermuda exported to Guatemala were N/A. Over the past 5 years the exports of Bermuda to Guatemala have decreased at an annualized rate of 29.6%,  from $1.91k in 2018 to $331 in 2023.

In 2023, Bermuda did not export any services to Guatemala.

Comparison In 2023,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21),  and 86 in total exports ($15.4B). That same year, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $4.85k to Bermuda. The main products exported from Guatemala to Bermuda were Other live plants, cuttings and slips; mushroom spawn ($4.85k). During the last 5 years the exports of Guatemala to Bermuda have decreased at an annualized rate of 30.3%, from $29.4k in 2018 to $4.85k in 2023.

In 2017, Bermuda exported $331 to Guatemala. There were not main exports from Bermuda to Guatemala in 2017. 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 (Flag) to Bermuda (Flag) (2023)

Exports from Bermuda (Flag) to Guatemala (Flag) (2023)

Latest Data

Trade between Guatemala (Flag) and Bermuda (Flag)

Guatemala Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.16B
Bermuda
Top Destination
Germany$101M

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 2023, countries that imported more from Guatemala than Bermuda included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

In 2023, countries that imported more from Bermuda than Guatemala included South Africa ($96.3M), Angola ($4.49M), and Zambia ($1.45M).

Difference in imports from Bermuda (Flag) and Guatemala (Flag) (2023)

Comparative Advantage Guatemala - Bermuda

Flow
Scale

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

During 2023, Guatemala had a large net trade with Bermuda in the exports of Vegetable Products ($4.85k).

During 2017, Bermuda had a large net trade with Guatemala in the exports of .

Economic Complexity

Competitive Landscape

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.

Product Space of Guatemala (Flag) and Bermuda (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with