Guatemala (GTM) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Guatemala-Ecuador Trade: In 2023, Guatemala exported $114M to Ecuador. The main products that Guatemala exported to Ecuador were Animal Food ($23M), Refrigerators ($22.7M), and Pesticides ($7.84M). Over the past 5 years the exports of Guatemala to Ecuador have increased at an annualized rate of 16.5%, from $53.2M in 2018 to $114M in 2023.

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

Ecuador-Guatemala Trade: In 2023, Ecuador exported $166M to Guatemala. The main products that Ecuador exported to Guatemala were Refined Petroleum ($90.7M), Crustaceans ($35.3M), and Electrical Transformers ($10.4M). Over the past 5 years the exports of Ecuador to Guatemala have increased at an annualized rate of 18.9%, from $69.9M in 2018 to $166M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $114M to Ecuador. The main products exported from Guatemala to Ecuador were Animal Food ($23M), Refrigerators ($22.7M), and Pesticides ($7.84M). During the last 5 years the exports of Guatemala to Ecuador have increased at an annualized rate of 16.5%, from $53.2M in 2018 to $114M in 2023.

In 2018, Ecuador exported $166M to Guatemala. The main products exported from Ecuador to Guatemala were Refined Petroleum ($90.7M), Crustaceans ($35.3M), and Electrical Transformers ($10.4M). During the last 5 years the exports of Ecuador to Guatemala have increased at an annualized rate of 18.9%, from $69.9M in 2023 to $166M in 2018.

Exports from Guatemala () to Ecuador () (2023)

Exports from Ecuador () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Ecuador ()

Guatemala Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Ecuador
Top DestinationUnited States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Guatemala included China ($7.96B), Panama ($4.38B), and United States ($8.34B).

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

Comparative Advantage Guatemala - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Ecuador in the exports of Chemical Products ($36M), Foodstuffs ($30.5M), and Machines ($23.5M).

During 2018, Ecuador had a large net trade with Guatemala in the exports of Mineral Products ($90.8M), Animal Products ($36M), and Machines ($12.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Ecuador+$2.83MPackaged Medicaments

Top Product Potential Ecuador Guatemala+$14.2MRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Ecuador () (2023)

Exports from Ecuador () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Ecuador ()

Guatemala Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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