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Pricing

2022
Flag → Flag
Exports $112MRnk 20 / 162
2022
Flag → Flag
Top Product $28.4MIndustrial Fatty Acids, Oils and Alcohols
2022
Flag → Flag
Exports $480MRnk 24 / 187
2022
Flag → Flag
Top Product $173MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
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GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Guatemala-Colombia Trade: In 2022, Guatemala exported $112M to Colombia. The main products that Guatemala exported to Colombia were Industrial Fatty Acids, Oils and Alcohols ($28.4M), Raw Sugar ($27.5M), and Pesticides ($13.3M). Over the past 5 years the exports of Guatemala to Colombia have increased at an annualized rate of 11.7%, from $64.3M in 2017 to $112M in 2022.

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

Colombia-Guatemala Trade: In 2022, Colombia exported $480M to Guatemala. The main products that Colombia exported to Guatemala were Coal Briquettes ($173M), Refrigerators ($26.5M), and Raw Plastic Sheeting ($18.5M). Over the past 5 years the exports of Colombia to Guatemala have increased at an annualized rate of 8.57%,  from $318M in 2017 to $480M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $112M to Colombia. The main products exported from Guatemala to Colombia were Industrial Fatty Acids, Oils and Alcohols ($28.4M), Raw Sugar ($27.5M), and Pesticides ($13.3M). During the last 5 years the exports of Guatemala to Colombia have increased at an annualized rate of 11.7%, from $64.3M in 2017 to $112M in 2022.

In 2017, Colombia exported $480M to Guatemala. The main products exported from Colombia to Guatemala were Coal Briquettes ($173M), Refrigerators ($26.5M), and Raw Plastic Sheeting ($18.5M). During the last 5 years the exports of Colombia to Guatemala have increased at an annualized rate of 8.57%, from $318M in 2022 to $480M in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Colombia (Flag)

Guatemala Exports

Colombia Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Guatemala included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Guatemala - Colombia

Flow
Scale

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

During 2022, Guatemala had a large net trade with Colombia in the exports of Chemical Products ($49.1M), Foodstuffs ($31.1M), and Plastics and Rubbers ($12.8M).

During 2017, Colombia had a large net trade with Guatemala in the exports of Mineral Products ($176M), Chemical Products ($81.1M), and Machines ($56.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Colombia+$4.56MPesticides
Top Product Potential Colombia Guatemala+$6.27MRefined 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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Economic Complexity

Competitive Landscape

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

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

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