Guatemala (GTM) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Guatemala-Iraq Trade: In 2022, Guatemala exported $4.38M to Iraq. The main products that Guatemala exported to Iraq were Nutmeg, mace and cardamons ($2.87M), Citrus ($1.11M), and Pepper ($283k). Over the past 5 years the exports of Guatemala to Iraq have decreased at an annualized rate of 14.9%, from $9.8M in 2017 to $4.38M in 2022.

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

Iraq-Guatemala In N/A, Iraq did not export any products to Guatemala.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $4.38M to Iraq. The main products exported from Guatemala to Iraq were Nutmeg, mace and cardamons ($2.87M), Citrus ($1.11M), and Pepper ($283k). During the last 5 years the exports of Guatemala to Iraq have decreased at an annualized rate of 14.9%, from $9.8M in 2017 to $4.38M in 2022.

Iraq does not register exports to Guatemala. The main products exported from Iraq to Guatemala were Scissors ($80), Hair Trimmers ($80), and Confectionery Sugar ($9).

Exports from Guatemala () to Iraq () (2022)

Exports from Iraq () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Iraq ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Iraq
Top DestinationIndia$38.8B

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

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

In 2022, countries that imported more from Iraq than Guatemala included India ($38.8B), China ($34B), and South Korea ($8.21B).

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

Comparative Advantage Guatemala - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Iraq in the exports of Vegetable Products ($4.34M) and Foodstuffs ($34.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Iraq+$208kNutmeg, mace and cardamons

Top Product Potential Iraq Guatemala+$7.3kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Iraq () (2022)

Exports from Iraq () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Iraq ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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