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Pricing

2023
Flag → Flag
Exports $24.2MRnk 36 / 170
2023
Flag → Flag
Top Product $12.7MSowing Seeds
2023
Flag → Flag
Exports $25.6MRnk 90 / 187
2023
Flag → Flag
Top Product $17.2MMixed Mineral or Chemical Fertilizers
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.36Rnk 79 / 132
2023
Flag  
GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP$144BCURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP GROWTH24.8%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC $5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC$3,771CURRENT US$
Rnk 134 / 196
2013-2023
Flag
GDP PC GROWTH11.6%CURRENT US$
Rnk 128 / 195

About

Guatemala-Morocco Trade: In 2023, Guatemala exported $24.2M to Morocco. The main products that Guatemala exported to Morocco were Sowing Seeds ($12.7M), Palm Oil ($6.33M), and Raw Tobacco ($1.99M). Over the past 5 years the exports of Guatemala to Morocco have increased at an annualized rate of 15.5%, from $11.8M in 2018 to $24.2M in 2023.

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

Morocco-Guatemala Trade: In 2023, Morocco exported $25.6M to Guatemala. The main products that Morocco exported to Guatemala were Mixed Mineral or Chemical Fertilizers ($17.2M), Non-Knit Women's Suits ($1.61M), and Phosphoric Acid ($828k). Over the past 5 years the exports of Morocco to Guatemala have increased at an annualized rate of 96.6%,  from $870k in 2018 to $25.6M in 2023.

In 2023, Morocco 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, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $24.2M to Morocco. The main products exported from Guatemala to Morocco were Sowing Seeds ($12.7M), Palm Oil ($6.33M), and Raw Tobacco ($1.99M). During the last 5 years the exports of Guatemala to Morocco have increased at an annualized rate of 15.5%, from $11.8M in 2018 to $24.2M in 2023.

In 2018, Morocco exported $25.6M to Guatemala. The main products exported from Morocco to Guatemala were Mixed Mineral or Chemical Fertilizers ($17.2M), Non-Knit Women's Suits ($1.61M), and Phosphoric Acid ($828k). During the last 5 years the exports of Morocco to Guatemala have increased at an annualized rate of 96.6%, from $870k in 2023 to $25.6M in 2018.

Exports from Guatemala (Flag) to Morocco (Flag) (2023)

Exports from Morocco (Flag) to Guatemala (Flag) (2023)

Latest Data

Trade between Guatemala (Flag) and Morocco (Flag)

Guatemala Exports

Morocco Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.16B
Morocco
Top DestinationSpain$9.8B

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

In 2023, countries that imported more from Guatemala than Morocco included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

In 2023, countries that imported more from Morocco than Guatemala included Spain ($9.8B), France ($8.23B), and Germany ($2.89B).

Difference in imports from Morocco (Flag) and Guatemala (Flag) (2023)

Comparative Advantage Guatemala - Morocco

Flow
Scale

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

During 2023, Guatemala had a large net trade with Morocco in the exports of Vegetable Products ($14.3M), Animal and Vegetable Bi-Products ($7.54M), and Foodstuffs ($2.39M).

During 2018, Morocco had a large net trade with Guatemala in the exports of Chemical Products ($18.1M), Textiles ($5.56M), and Animal Hides ($606k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Morocco+$1.07MPalm Oil
Top Product Potential Morocco Guatemala+$1.88MNon-Knit Women's Suits

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

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

Product Space of Guatemala (Flag) and Morocco (Flag) (2023)

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