Guatemala (GTM) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Guatemala-Hong Kong Trade: In 2023, Guatemala exported $13.8M to Hong Kong. The main products that Guatemala exported to Hong Kong were Bananas ($5.22M), Knit Men's Shirts ($1.17M), and Knit Sweaters ($1.13M). Over the past 5 years the exports of Guatemala to Hong Kong have decreased at an annualized rate of 9.14%, from $22.2M in 2018 to $13.8M in 2023.

In 2023, Guatemala did not export any services to Hong Kong.

Hong Kong-Guatemala Trade: In 2023, Hong Kong exported $68.3M to Guatemala. The main products that Hong Kong exported to Guatemala were Video Displays ($24.5M), Calculators ($3.7M), and Embroidery ($2.65M). Over the past 5 years the exports of Hong Kong to Guatemala have decreased at an annualized rate of 23.2%, from $256M in 2018 to $68.3M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $13.8M to Hong Kong. The main products exported from Guatemala to Hong Kong were Bananas ($5.22M), Knit Men's Shirts ($1.17M), and Knit Sweaters ($1.13M). During the last 5 years the exports of Guatemala to Hong Kong have decreased at an annualized rate of 9.14%, from $22.2M in 2018 to $13.8M in 2023.

In 2018, Hong Kong exported $68.3M to Guatemala. The main products exported from Hong Kong to Guatemala were Video Displays ($24.5M), Calculators ($3.7M), and Embroidery ($2.65M). During the last 5 years the exports of Hong Kong to Guatemala have decreased at an annualized rate of 23.2%, from $256M in 2023 to $68.3M in 2018.

Exports from Guatemala () to Hong Kong () (2023)

Exports from Hong Kong () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Hong Kong ()

Guatemala Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Guatemala than Hong Kong included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

In 2023, countries that imported more from Hong Kong than Guatemala included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong () and Guatemala () (2023)

Comparative Advantage Guatemala - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Hong Kong in the exports of Vegetable Products ($6.05M), Textiles ($4.2M), and Machines ($1.42M).

During 2018, Hong Kong had a large net trade with Guatemala in the exports of Machines ($39.5M), Metals ($7.39M), and Textiles ($6.39M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Hong Kong+$3.58MTelephones

Top Product Potential Hong Kong Guatemala+$3.59MComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Hong Kong () (2023)

Exports from Hong Kong () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Hong Kong ()

Guatemala Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Guatemala () (2023)

Comparative Advantage Guatemala - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Hong Kong () (2023)

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