Guatemala (GTM) and Peru (PER) Trade | The Observatory of Economic Complexity

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Guatemala-Peru Trade: In 2023, Guatemala exported $106M to Peru. The main products that Guatemala exported to Peru were Raw Sugar ($52.1M), Refrigerators ($16.2M), and Pesticides ($5.27M). Over the past 5 years the exports of Guatemala to Peru have increased at an annualized rate of 13.2%, from $56.8M in 2018 to $106M in 2023.

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

Peru-Guatemala Trade: In 2023, Peru exported $143M to Guatemala. The main products that Peru exported to Guatemala were Grapes ($14.2M), Palm Oil ($11.3M), and Frozen Fruits and Nuts ($8.97M). Over the past 5 years the exports of Peru to Guatemala have increased at an annualized rate of 8.62%, from $94.6M in 2018 to $143M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $106M to Peru. The main products exported from Guatemala to Peru were Raw Sugar ($52.1M), Refrigerators ($16.2M), and Pesticides ($5.27M). During the last 5 years the exports of Guatemala to Peru have increased at an annualized rate of 13.2%, from $56.8M in 2018 to $106M in 2023.

In 2018, Peru exported $143M to Guatemala. The main products exported from Peru to Guatemala were Grapes ($14.2M), Palm Oil ($11.3M), and Frozen Fruits and Nuts ($8.97M). During the last 5 years the exports of Peru to Guatemala have increased at an annualized rate of 8.62%, from $94.6M in 2023 to $143M in 2018.

Exports from Guatemala () to Peru () (2023)

Exports from Peru () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Peru ()

Guatemala Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Guatemala than Peru included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

In 2023, countries that imported more from Peru than Guatemala included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

Difference in imports from Peru () and Guatemala () (2023)

Comparative Advantage Guatemala - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Peru in the exports of Foodstuffs ($57.3M), Machines ($17.9M), and Chemical Products ($14M).

During 2018, Peru had a large net trade with Guatemala in the exports of Vegetable Products ($39.6M), Chemical Products ($22M), and Plastics and Rubbers ($12.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Peru+$2.1MPesticides

Top Product Potential Peru Guatemala+$2.02MRefined 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 Peru. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Guatemala.

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Peru () (2023)

Exports from Peru () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Peru ()

Guatemala Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Guatemala () (2023)

Comparative Advantage Guatemala - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Peru () (2023)

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