Guatemala (GTM) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Guatemala-Indonesia Trade: In 2023, Guatemala exported $543k to Indonesia. The main products that Guatemala exported to Indonesia were Nutmeg, mace and cardamons ($211k), Rubber ($120k), and Knit T-shirts ($79.5k). Over the past 5 years the exports of Guatemala to Indonesia have decreased at an annualized rate of 17.5%, from $1.42M in 2018 to $543k in 2023.

In 2023, Guatemala did not export any services to Indonesia.

Indonesia-Guatemala Trade: In 2023, Indonesia exported $212M to Guatemala. The main products that Indonesia exported to Guatemala were Cars ($39.3M), Semi-Finished Iron ($34.8M), and Uncoated Paper ($19.9M). Over the past 5 years the exports of Indonesia to Guatemala have increased at an annualized rate of 32.5%, from $51.8M in 2018 to $212M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $543k to Indonesia. The main products exported from Guatemala to Indonesia were Nutmeg, mace and cardamons ($211k), Rubber ($120k), and Knit T-shirts ($79.5k). During the last 5 years the exports of Guatemala to Indonesia have decreased at an annualized rate of 17.5%, from $1.42M in 2018 to $543k in 2023.

In 2018, Indonesia exported $212M to Guatemala. The main products exported from Indonesia to Guatemala were Cars ($39.3M), Semi-Finished Iron ($34.8M), and Uncoated Paper ($19.9M). During the last 5 years the exports of Indonesia to Guatemala have increased at an annualized rate of 32.5%, from $51.8M in 2023 to $212M in 2018.

Exports from Guatemala () to Indonesia () (2023)

Exports from Indonesia () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Indonesia ()

Guatemala Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Guatemala than Indonesia included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

In 2023, countries that imported more from Indonesia than Guatemala included China ($70.7B), India ($24B), and Japan ($23.7B).

Difference in imports from Indonesia () and Guatemala () (2023)

Comparative Advantage Guatemala - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Indonesia in the exports of Vegetable Products ($237k), Textiles ($124k), and Plastics and Rubbers ($120k).

During 2018, Indonesia had a large net trade with Guatemala in the exports of Transportation ($49.8M), Metals ($41.5M), and Paper Goods ($40.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Indonesia+$556kRaw Tobacco

Top Product Potential Indonesia Guatemala+$12.3MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Indonesia () (2023)

Exports from Indonesia () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Indonesia ()

Guatemala Exports

Indonesia Exports

Market Competitiveness

Difference in imports from Indonesia () and Guatemala () (2023)

Comparative Advantage Guatemala - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Indonesia () (2023)

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