Guatemala (GTM) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Guatemala-Libya Trade: In 2022, Guatemala exported $892k to Libya. The main products that Guatemala exported to Libya were Nutmeg, mace and cardamons ($831k), Jams ($43.2k), and Prepared Cereals ($17.6k). Over the past 5 years the exports of Guatemala to Libya have decreased at an annualized rate of 52.6%, from $37.3M in 2017 to $892k in 2022.

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

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

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $892k to Libya. The main products exported from Guatemala to Libya were Nutmeg, mace and cardamons ($831k), Jams ($43.2k), and Prepared Cereals ($17.6k). During the last 5 years the exports of Guatemala to Libya have decreased at an annualized rate of 52.6%, from $37.3M in 2017 to $892k in 2022.

Libya does not register exports to Guatemala.

Exports from Guatemala () to Libya () (2022)

Exports from Libya () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Libya ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Libya
Top DestinationItaly$9.26B

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

In 2022, countries that imported more from Guatemala than Libya included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Libya than Guatemala included Italy ($9.26B), Germany ($3.32B), and Spain ($3.48B).

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

Comparative Advantage Guatemala - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Libya in the exports of Vegetable Products ($831k) and Foodstuffs ($60.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Libya+$35.9kPrepared Cereals

Top Product Potential Libya Guatemala+$4.04kRefined 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 Libya. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Guatemala.

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Libya () (2022)

Exports from Libya () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Libya ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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