Guatemala (GTM) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Guatemala-Malaysia Trade: In 2022, Guatemala exported $15M to Malaysia. The main products that Guatemala exported to Malaysia were Coffee ($7.81M), Rubber ($2.73M), and Nutmeg, mace and cardamons ($1.77M). Over the past 5 years the exports of Guatemala to Malaysia have decreased at an annualized rate of 26.9%, from $72M in 2017 to $15M in 2022.

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

Malaysia-Guatemala Trade: In 2022, Malaysia exported $109M to Guatemala. The main products that Malaysia exported to Guatemala were Other Electrical Machinery ($17.2M), Machinery Having Individual Functions ($8.62M), and Rubber Apparel ($7.12M). Over the past 5 years the exports of Malaysia to Guatemala have increased at an annualized rate of 20.4%, from $43.2M in 2017 to $109M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $15M to Malaysia. The main products exported from Guatemala to Malaysia were Coffee ($7.81M), Rubber ($2.73M), and Nutmeg, mace and cardamons ($1.77M). During the last 5 years the exports of Guatemala to Malaysia have decreased at an annualized rate of 26.9%, from $72M in 2017 to $15M in 2022.

In 2017, Malaysia exported $109M to Guatemala. The main products exported from Malaysia to Guatemala were Other Electrical Machinery ($17.2M), Machinery Having Individual Functions ($8.62M), and Rubber Apparel ($7.12M). During the last 5 years the exports of Malaysia to Guatemala have increased at an annualized rate of 20.4%, from $43.2M in 2022 to $109M in 2017.

Exports from Guatemala () to Malaysia () (2022)

Exports from Malaysia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Malaysia ()

Guatemala Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Malaysia
Top DestinationSingapore$53.8B

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

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

In 2022, countries that imported more from Malaysia than Guatemala included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Guatemala - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Malaysia in the exports of Vegetable Products ($9.6M), Plastics and Rubbers ($3.71M), and Metals ($810k).

During 2017, Malaysia had a large net trade with Guatemala in the exports of Machines ($49.5M), Plastics and Rubbers ($12.9M), and Animal and Vegetable Bi-Products ($9.08M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Malaysia+$3.95MCoffee

Top Product Potential Malaysia Guatemala+$10.4MRefined 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 Malaysia. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Guatemala.

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Malaysia () (2022)

Exports from Malaysia () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Malaysia ()

Guatemala Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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