Guatemala (GTM) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Guatemala-Hungary Trade: In 2022, Guatemala exported $154k to Hungary. The main products that Guatemala exported to Hungary were Raw Tobacco ($130k), Broadcasting Equipment ($7.54k), and Knit T-shirts ($7.27k). Over the past 5 years the exports of Guatemala to Hungary have increased at an annualized rate of 3.94%, from $127k in 2017 to $154k in 2022.

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

Hungary-Guatemala Trade: In 2022, Hungary exported $16.6M to Guatemala. The main products that Hungary exported to Guatemala were Cars ($3.07M), Pesticides ($1.36M), and Other Uncoated Paper ($1.22M). Over the past 5 years the exports of Hungary to Guatemala have increased at an annualized rate of 38.1%, from $3.3M in 2017 to $16.6M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $154k to Hungary. The main products exported from Guatemala to Hungary were Raw Tobacco ($130k), Broadcasting Equipment ($7.54k), and Knit T-shirts ($7.27k). During the last 5 years the exports of Guatemala to Hungary have increased at an annualized rate of 3.94%, from $127k in 2017 to $154k in 2022.

In 2017, Hungary exported $16.6M to Guatemala. The main products exported from Hungary to Guatemala were Cars ($3.07M), Pesticides ($1.36M), and Other Uncoated Paper ($1.22M). During the last 5 years the exports of Hungary to Guatemala have increased at an annualized rate of 38.1%, from $3.3M in 2022 to $16.6M in 2017.

Exports from Guatemala () to Hungary () (2022)

Exports from Hungary () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Hungary ()

Guatemala Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Hungary
Top DestinationGermany$35.5B

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

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

In 2022, countries that imported more from Hungary than Guatemala included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Guatemala - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Hungary in the exports of Foodstuffs ($130k), Machines ($14.5k), and Textiles ($7.73k).

During 2017, Hungary had a large net trade with Guatemala in the exports of Machines ($3.97M), Chemical Products ($3.37M), and Transportation ($3.23M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Hungary+$135kRaw Tobacco

Top Product Potential Hungary Guatemala+$4.23MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Hungary () (2022)

Exports from Hungary () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Hungary ()

Guatemala Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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