Guatemala (GTM) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Guatemala-Switzerland Trade: In 2022, Guatemala exported $43.2M to Switzerland. The main products that Guatemala exported to Switzerland were Coffee ($19.3M), Alcohol > 80% ABV ($13.5M), and Paintings ($3.09M). Over the past 5 years the exports of Guatemala to Switzerland have increased at an annualized rate of 16.1%, from $20.5M in 2017 to $43.2M in 2022.

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

Switzerland-Guatemala Trade: In 2022, Switzerland exported $74.7M to Guatemala. The main products that Switzerland exported to Guatemala were Iron Ingots ($9.97M), Packaged Medicaments ($7.2M), and Vitamins ($6.85M). Over the past 5 years the exports of Switzerland to Guatemala have increased at an annualized rate of 12%, from $42.4M in 2017 to $74.7M in 2022.

In 2022, Switzerland 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $43.2M to Switzerland. The main products exported from Guatemala to Switzerland were Coffee ($19.3M), Alcohol > 80% ABV ($13.5M), and Paintings ($3.09M). During the last 5 years the exports of Guatemala to Switzerland have increased at an annualized rate of 16.1%, from $20.5M in 2017 to $43.2M in 2022.

In 2017, Switzerland exported $74.7M to Guatemala. The main products exported from Switzerland to Guatemala were Iron Ingots ($9.97M), Packaged Medicaments ($7.2M), and Vitamins ($6.85M). During the last 5 years the exports of Switzerland to Guatemala have increased at an annualized rate of 12%, from $42.4M in 2022 to $74.7M in 2017.

Exports from Guatemala () to Switzerland () (2022)

Exports from Switzerland () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Switzerland ()

Guatemala Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Switzerland
Top DestinationUnited States$61.7B

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

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

In 2022, countries that imported more from Switzerland than Guatemala included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Guatemala - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Switzerland in the exports of Vegetable Products ($20.5M), Foodstuffs ($15.4M), and Arts and Antiques ($3.09M).

During 2017, Switzerland had a large net trade with Guatemala in the exports of Chemical Products ($30.5M), Metals ($11.9M), and Machines ($11.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Switzerland+$1MPalm Oil

Top Product Potential Switzerland Guatemala+$10.1MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Switzerland () (2022)

Exports from Switzerland () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Switzerland ()

Guatemala Exports

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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