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2022
Flag → Flag
Exports $283MRnk 12 / 162
2022
Flag → Flag
Top Product $89.8MCoffee
2022
Flag → Flag
Exports $268MRnk 57 / 215
2022
Flag → Flag
Top Product $72.9MWheat
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Guatemala-Canada Trade: In 2022, Guatemala exported $283M to Canada. The main products that Guatemala exported to Canada were Coffee ($89.8M), Raw Sugar ($54.2M), and Melons ($34.4M). Over the past 5 years the exports of Guatemala to Canada have decreased at an annualized rate of 11%, from $507M in 2017 to $283M in 2022.

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

Canada-Guatemala Trade: In 2022, Canada exported $268M to Guatemala. The main products that Canada exported to Guatemala were Wheat ($72.9M), Planes, Helicopters, and/or Spacecraft ($39.3M), and Potassic Fertilizers ($22.6M). Over the past 5 years the exports of Canada to Guatemala have increased at an annualized rate of 18.3%,  from $97.9M in 2017 to $268M in 2022.

In 2020, Canada exported services to Guatemala worth $9.69M, with Travel ($8.95M) and Computer and information services ($746k) being the largest in terms of value.

Comparison: In 2022,  Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $283M to Canada. The main products exported from Guatemala to Canada were Coffee ($89.8M), Raw Sugar ($54.2M), and Melons ($34.4M). During the last 5 years the exports of Guatemala to Canada have decreased at an annualized rate of 11%, from $507M in 2017 to $283M in 2022.

In 2017, Canada exported $268M to Guatemala. The main products exported from Canada to Guatemala were Wheat ($72.9M), Planes, Helicopters, and/or Spacecraft ($39.3M), and Potassic Fertilizers ($22.6M). During the last 5 years the exports of Canada to Guatemala have increased at an annualized rate of 18.3%, from $97.9M in 2022 to $268M in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Canada (Flag)

Guatemala Exports

Canada Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Guatemala included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Guatemala - Canada

Flow
Scale

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

During 2022, Guatemala had a large net trade with Canada in the exports of Vegetable Products ($177M), Foodstuffs ($63.3M), and Textiles ($30.6M).

During 2017, Canada had a large net trade with Guatemala in the exports of Vegetable Products ($79.3M), Transportation ($57.9M), and Chemical Products ($33.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Canada+$21.7MCoffee
Top Product Potential Canada Guatemala+$18.9MRefined Petroleum

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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Bilateral Service Trade

In 2020, Canada exported services to Guatemala worth $9.69M, with Travel ($8.95M) and Computer and information services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Guatemala (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Guatemala and Canada. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Guatemala.

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

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