Guatemala (GTM) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Guatemala-North Macedonia Trade: In 2022, Guatemala exported $7.89M to North Macedonia. The main products that Guatemala exported to North Macedonia were Nickel Ore ($7.58M), Raw Tobacco ($135k), and Sowing Seeds ($91k). Over the past 5 years the exports of Guatemala to North Macedonia have decreased at an annualized rate of 19%, from $22.6M in 2017 to $7.89M in 2022.

In 2022, Guatemala did not export any services to North Macedonia.

North Macedonia-Guatemala Trade: In 2022, North Macedonia exported $306k to Guatemala. The main products that North Macedonia exported to Guatemala were Medical Instruments ($113k), Centrifuges ($106k), and Paper Labels ($36.6k). Over the past 5 years the exports of North Macedonia to Guatemala have decreased at an annualized rate of 30.1%, from $1.83M in 2017 to $306k in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $7.89M to North Macedonia. The main products exported from Guatemala to North Macedonia were Nickel Ore ($7.58M), Raw Tobacco ($135k), and Sowing Seeds ($91k). During the last 5 years the exports of Guatemala to North Macedonia have decreased at an annualized rate of 19%, from $22.6M in 2017 to $7.89M in 2022.

In 2017, North Macedonia exported $306k to Guatemala. The main products exported from North Macedonia to Guatemala were Medical Instruments ($113k), Centrifuges ($106k), and Paper Labels ($36.6k). During the last 5 years the exports of North Macedonia to Guatemala have decreased at an annualized rate of 30.1%, from $1.83M in 2022 to $306k in 2017.

Exports from Guatemala () to North Macedonia () (2022)

Exports from North Macedonia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and North Macedonia ()

Guatemala Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

North Macedonia
Top DestinationGermany$3.96B

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

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

In 2022, countries that imported more from North Macedonia than Guatemala included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia () and Guatemala () (2022)

Comparative Advantage Guatemala - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with North Macedonia in the exports of Mineral Products ($7.58M), Vegetable Products ($157k), and Foodstuffs ($146k).

During 2017, North Macedonia had a large net trade with Guatemala in the exports of Instruments ($113k), Machines ($109k), and Paper Goods ($58k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala North Macedonia+$115kBananas

Top Product Potential North Macedonia Guatemala+$155kCentrifuges

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to North Macedonia () (2022)

Exports from North Macedonia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and North Macedonia ()

Guatemala Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Guatemala () (2022)

Comparative Advantage Guatemala - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and North Macedonia () (2022)

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