Guatemala (GTM) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Guatemala-Brazil Trade: In 2023, Guatemala exported $73.9M to Brazil. The main products that Guatemala exported to Brazil were Scrap Aluminium ($31.2M), Mixed Mineral or Chemical Fertilizers ($12.8M), and Rubber ($9.67M). Over the past 5 years the exports of Guatemala to Brazil have increased at an annualized rate of 8.39%, from $49.4M in 2018 to $73.9M in 2023.

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

Brazil-Guatemala Trade: In 2023, Brazil exported $710M to Guatemala. The main products that Brazil exported to Guatemala were Corn ($137M), Large Construction Vehicles ($39.6M), and Other Oily Seeds ($33M). Over the past 5 years the exports of Brazil to Guatemala have increased at an annualized rate of 14.7%, from $272M in 2018 to $710M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $73.9M to Brazil. The main products exported from Guatemala to Brazil were Scrap Aluminium ($31.2M), Mixed Mineral or Chemical Fertilizers ($12.8M), and Rubber ($9.67M). During the last 5 years the exports of Guatemala to Brazil have increased at an annualized rate of 8.39%, from $49.4M in 2018 to $73.9M in 2023.

In 2018, Brazil exported $710M to Guatemala. The main products exported from Brazil to Guatemala were Corn ($137M), Large Construction Vehicles ($39.6M), and Other Oily Seeds ($33M). During the last 5 years the exports of Brazil to Guatemala have increased at an annualized rate of 14.7%, from $272M in 2023 to $710M in 2018.

Exports from Guatemala () to Brazil () (2023)

Exports from Brazil () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Brazil ()

Guatemala Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Guatemala than Brazil included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

In 2023, countries that imported more from Brazil than Guatemala included China ($106B), United States ($37B), and Argentina ($17.2B).

Difference in imports from Brazil () and Guatemala () (2023)

Comparative Advantage Guatemala - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Brazil in the exports of Metals ($36.4M), Chemical Products ($21.4M), and Plastics and Rubbers ($10M).

During 2018, Brazil had a large net trade with Guatemala in the exports of Vegetable Products ($187M), Machines ($156M), and Transportation ($123M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Brazil+$3.49MPesticides

Top Product Potential Brazil Guatemala+$13.7MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Brazil () (2023)

Exports from Brazil () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Brazil ()

Guatemala Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Guatemala () (2023)

Comparative Advantage Guatemala - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Brazil () (2023)

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