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Pricing

2022
Flag → Flag
Exports $26.1MRnk 39 / 162
2022
Flag → Flag
Top Product $17MSowing Seeds
2022
Flag → Flag
Exports $7.17MRnk 117 / 186
2022
Flag → Flag
Top Product $1.96MNon-Knit Women's Suits
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.29Rnk 80 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC$3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 111 / 186

About

Guatemala-Morocco Trade: In 2022, Guatemala exported $26.1M to Morocco. The main products that Guatemala exported to Morocco were Sowing Seeds ($17M), Palm Oil ($6.54M), and Crustaceans ($855k). Over the past 5 years the exports of Guatemala to Morocco have increased at an annualized rate of 24.3%, from $8.77M in 2017 to $26.1M in 2022.

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

Morocco-Guatemala Trade: In 2022, Morocco exported $7.17M to Guatemala. The main products that Morocco exported to Guatemala were Non-Knit Women's Suits ($1.96M), Knit Sweaters ($703k), and Non-Knit Women's Shirts ($691k). Over the past 5 years the exports of Morocco to Guatemala have increased at an annualized rate of 66.3%,  from $564k in 2017 to $7.17M in 2022.

In 2022, Morocco 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, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $26.1M to Morocco. The main products exported from Guatemala to Morocco were Sowing Seeds ($17M), Palm Oil ($6.54M), and Crustaceans ($855k). During the last 5 years the exports of Guatemala to Morocco have increased at an annualized rate of 24.3%, from $8.77M in 2017 to $26.1M in 2022.

In 2017, Morocco exported $7.17M to Guatemala. The main products exported from Morocco to Guatemala were Non-Knit Women's Suits ($1.96M), Knit Sweaters ($703k), and Non-Knit Women's Shirts ($691k). During the last 5 years the exports of Morocco to Guatemala have increased at an annualized rate of 66.3%, from $564k in 2022 to $7.17M in 2017.

Exports from Guatemala (Flag) to Morocco (Flag) (2022)

Exports from Morocco (Flag) to Guatemala (Flag) (2022)

Latest Data

Trade between Guatemala (Flag) and Morocco (Flag)

Guatemala Exports

Morocco Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Morocco
Top DestinationSpain$8.55B

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

In 2022, countries that imported more from Morocco than Guatemala included Spain ($8.55B), France ($7.92B), and India ($2.99B).

Difference in imports from Morocco (Flag) and Guatemala (Flag) (2022)

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 2022, Guatemala had a large net trade with Morocco in the exports of Vegetable Products ($17.6M), Animal and Vegetable Bi-Products ($7.2M), and Animal Products ($855k).

During 2017, Morocco had a large net trade with Guatemala in the exports of Textiles ($6.38M), Transportation ($228k), and Vegetable Products ($208k).

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) (2022)

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