Guatemala (GTM) and India (IND) Trade | The Observatory of Economic Complexity

About

Guatemala-India Trade: In 2022, Guatemala exported $17.9M to India. The main products that Guatemala exported to India were Rough Wood ($4.94M), Nutmeg, mace and cardamons ($3.76M), and Blank Audio Media ($3.33M). Over the past 5 years the exports of Guatemala to India have decreased at an annualized rate of 1.59%, from $19.4M in 2017 to $17.9M in 2022.

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

India-Guatemala Trade: In 2022, India exported $676M to Guatemala. The main products that India exported to Guatemala were Motorcycles and cycles ($114M), Packaged Medicaments ($104M), and Non-Retail Pure Cotton Yarn ($45M). Over the past 5 years the exports of India to Guatemala have increased at an annualized rate of 12.9%, from $327M in 2017 to $676M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $17.9M to India. The main products exported from Guatemala to India were Rough Wood ($4.94M), Nutmeg, mace and cardamons ($3.76M), and Blank Audio Media ($3.33M). During the last 5 years the exports of Guatemala to India have decreased at an annualized rate of 1.59%, from $19.4M in 2017 to $17.9M in 2022.

In 2017, India exported $676M to Guatemala. The main products exported from India to Guatemala were Motorcycles and cycles ($114M), Packaged Medicaments ($104M), and Non-Retail Pure Cotton Yarn ($45M). During the last 5 years the exports of India to Guatemala have increased at an annualized rate of 12.9%, from $327M in 2022 to $676M in 2017.

Exports from Guatemala () to India () (2022)

Exports from India () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and India ()

Guatemala Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

India
Top DestinationUnited States$82.9B

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

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

In 2022, countries that imported more from India than Guatemala included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Guatemala - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with India in the exports of Wood Products ($5.14M), Vegetable Products ($4.35M), and Machines ($3.35M).

During 2017, India had a large net trade with Guatemala in the exports of Chemical Products ($192M), Transportation ($186M), and Textiles ($126M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala India+$4.3MScrap Aluminium

Top Product Potential India Guatemala+$28.3MPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Guatemala and India. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Guatemala.

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to India () (2022)

Exports from India () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and India ()

Guatemala Exports

India Exports

Market Competitiveness

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

Comparative Advantage Guatemala - India

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring