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Pricing

2022
Flag → Flag
Exports $96.5MRnk 25 / 162
2022
Flag → Flag
Top Product $15.3MCoffee
2022
Flag → Flag
Exports $103MRnk 104 / 224
2022
Flag → Flag
Top Product $30.1MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Guatemala-United Kingdom Trade: In 2022, Guatemala exported $96.5M to United Kingdom. The main products that Guatemala exported to United Kingdom were Coffee ($15.3M), Bananas ($12.7M), and Raw Sugar ($9.94M). Over the past 5 years the exports of Guatemala to United Kingdom have decreased at an annualized rate of 2.03%, from $107M in 2017 to $96.5M in 2022.

In 2022, Guatemala did not export any services to United Kingdom.

United Kingdom-Guatemala Trade: In 2022, United Kingdom exported $103M to Guatemala. The main products that United Kingdom exported to Guatemala were Refined Petroleum ($30.1M), Cars ($12.3M), and Hard Liquor ($11.1M). Over the past 5 years the exports of United Kingdom to Guatemala have increased at an annualized rate of 16.4%,  from $48M in 2017 to $103M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $96.5M to United Kingdom. The main products exported from Guatemala to United Kingdom were Coffee ($15.3M), Bananas ($12.7M), and Raw Sugar ($9.94M). During the last 5 years the exports of Guatemala to United Kingdom have decreased at an annualized rate of 2.03%, from $107M in 2017 to $96.5M in 2022.

In 2017, United Kingdom exported $103M to Guatemala. The main products exported from United Kingdom to Guatemala were Refined Petroleum ($30.1M), Cars ($12.3M), and Hard Liquor ($11.1M). During the last 5 years the exports of United Kingdom to Guatemala have increased at an annualized rate of 16.4%, from $48M in 2022 to $103M in 2017.

Exports from Guatemala (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Guatemala (Flag) (2022)

Latest Data

Trade between Guatemala (Flag) and United Kingdom (Flag)

Guatemala Exports

United Kingdom Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Guatemala included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Guatemala (Flag) (2022)

Comparative Advantage Guatemala - United Kingdom

Flow
Scale

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

During 2022, Guatemala had a large net trade with United Kingdom in the exports of Vegetable Products ($53.3M), Foodstuffs ($31.3M), and Textiles ($4.62M).

During 2017, United Kingdom had a large net trade with Guatemala in the exports of Mineral Products ($30.4M), Machines ($15.6M), and Chemical Products ($15.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala United Kingdom+$13.9MCoffee
Top Product Potential United Kingdom Guatemala+$27.8MRefined 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 United Kingdom. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Guatemala.

Product Space of Guatemala (Flag) and United Kingdom (Flag) (2022)

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