Guatemala (GTM) and Ireland (IRL) Trade | The Observatory of Economic Complexity

About

Guatemala-Ireland Trade: In 2022, Guatemala exported $7.35M to Ireland. The main products that Guatemala exported to Ireland were Legumes ($3.37M), Coffee ($1.15M), and Bananas ($779k). Over the past 5 years the exports of Guatemala to Ireland have decreased at an annualized rate of 0.14%, from $7.4M in 2017 to $7.35M in 2022.

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

Ireland-Guatemala Trade: In 2022, Ireland exported $52.1M to Guatemala. The main products that Ireland exported to Guatemala were Malt Extract ($16.3M), Packaged Medicaments ($9.87M), and Coffee and Tea Extracts ($8.15M). Over the past 5 years the exports of Ireland to Guatemala have increased at an annualized rate of 10.3%, from $16M in 2017 to $52.1M in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $7.35M to Ireland. The main products exported from Guatemala to Ireland were Legumes ($3.37M), Coffee ($1.15M), and Bananas ($779k). During the last 5 years the exports of Guatemala to Ireland have decreased at an annualized rate of 0.14%, from $7.4M in 2017 to $7.35M in 2022.

In 2017, Ireland exported $52.1M to Guatemala. The main products exported from Ireland to Guatemala were Malt Extract ($16.3M), Packaged Medicaments ($9.87M), and Coffee and Tea Extracts ($8.15M). During the last 5 years the exports of Ireland to Guatemala have increased at an annualized rate of 10.3%, from $16M in 2022 to $52.1M in 2017.

Exports from Guatemala () to Ireland () (2022)

Exports from Ireland () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Ireland ()

Guatemala Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Ireland
Top DestinationUnited States$70.7B

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

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

In 2022, countries that imported more from Ireland than Guatemala included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Guatemala - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Ireland in the exports of Vegetable Products ($5.7M), Textiles ($820k), and Machines ($408k).

During 2017, Ireland had a large net trade with Guatemala in the exports of Foodstuffs ($24.8M), Chemical Products ($16.7M), and Machines ($5.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Ireland+$1.7MCoffee

Top Product Potential Ireland Guatemala+$10.2MPackaged 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 Ireland. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Guatemala.

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Ireland () (2022)

Exports from Ireland () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Ireland ()

Guatemala Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Ireland

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 Ireland () (2022)

Keep Exploring