Guatemala (GTM) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Guatemala-Finland Trade: In 2022, Guatemala exported $11.8M to Finland. The main products that Guatemala exported to Finland were Coffee ($6.51M), Nutmeg, mace and cardamons ($2.76M), and Bananas ($992k). Over the past 5 years the exports of Guatemala to Finland have increased at an annualized rate of 1.08%, from $11.2M in 2017 to $11.8M in 2022.

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

Finland-Guatemala Trade: In 2022, Finland exported $48.3M to Guatemala. The main products that Finland exported to Guatemala were Kraft Paper ($17.5M), Other Uncoated Paper ($10.9M), and Kaolin Coated Paper ($6.5M). Over the past 5 years the exports of Finland to Guatemala have increased at an annualized rate of 14.6%, from $24.5M in 2017 to $48.3M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $11.8M to Finland. The main products exported from Guatemala to Finland were Coffee ($6.51M), Nutmeg, mace and cardamons ($2.76M), and Bananas ($992k). During the last 5 years the exports of Guatemala to Finland have increased at an annualized rate of 1.08%, from $11.2M in 2017 to $11.8M in 2022.

In 2017, Finland exported $48.3M to Guatemala. The main products exported from Finland to Guatemala were Kraft Paper ($17.5M), Other Uncoated Paper ($10.9M), and Kaolin Coated Paper ($6.5M). During the last 5 years the exports of Finland to Guatemala have increased at an annualized rate of 14.6%, from $24.5M in 2022 to $48.3M in 2017.

Exports from Guatemala () to Finland () (2022)

Exports from Finland () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Finland ()

Guatemala Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Finland
Top DestinationGermany$9.99B

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

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

In 2022, countries that imported more from Finland than Guatemala included Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

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

Comparative Advantage Guatemala - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Finland in the exports of Vegetable Products ($10.6M), Foodstuffs ($674k), and Textiles ($344k).

During 2017, Finland had a large net trade with Guatemala in the exports of Paper Goods ($37.3M), Chemical Products ($3.53M), and Machines ($2.57M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Finland+$3.44MCoffee

Top Product Potential Finland Guatemala+$1.63MKaolin Coated Paper

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Finland () (2022)

Exports from Finland () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Finland ()

Guatemala Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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