Guatemala (GTM) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Guatemala-Greece Trade: In 2022, Guatemala exported $15M to Greece. The main products that Guatemala exported to Greece were Raw Sugar ($5.57M), Coffee ($4.28M), and Bananas ($2.88M). Over the past 5 years the exports of Guatemala to Greece have increased at an annualized rate of 0.8%, from $14.5M in 2017 to $15M in 2022.

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

Greece-Guatemala Trade: In 2022, Greece exported $20.5M to Guatemala. The main products that Greece exported to Guatemala were Jams ($5.92M), Other Processed Fruits and Nuts ($4.36M), and Razor Blades ($3.21M). Over the past 5 years the exports of Greece to Guatemala have increased at an annualized rate of 47.8%, from $2.91M in 2017 to $20.5M in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $15M to Greece. The main products exported from Guatemala to Greece were Raw Sugar ($5.57M), Coffee ($4.28M), and Bananas ($2.88M). During the last 5 years the exports of Guatemala to Greece have increased at an annualized rate of 0.8%, from $14.5M in 2017 to $15M in 2022.

In 2017, Greece exported $20.5M to Guatemala. The main products exported from Greece to Guatemala were Jams ($5.92M), Other Processed Fruits and Nuts ($4.36M), and Razor Blades ($3.21M). During the last 5 years the exports of Greece to Guatemala have increased at an annualized rate of 47.8%, from $2.91M in 2022 to $20.5M in 2017.

Exports from Guatemala () to Greece () (2022)

Exports from Greece () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Greece ()

Guatemala Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Guatemala than Greece included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Greece than Guatemala included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Guatemala - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Greece in the exports of Vegetable Products ($7.42M), Foodstuffs ($6.21M), and Mineral Products ($1.16M).

During 2017, Greece had a large net trade with Guatemala in the exports of Foodstuffs ($11M), Metals ($3.27M), and Paper Goods ($2.09M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Greece+$3.57MCoffee

Top Product Potential Greece Guatemala+$1.49MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Greece () (2022)

Exports from Greece () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Greece ()

Guatemala Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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