Guatemala (GTM) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Guatemala-Portugal Trade: In 2022, Guatemala exported $5.11M to Portugal. The main products that Guatemala exported to Portugal were Coffee ($1.56M), Crustaceans ($1.35M), and Processed Crustaceans ($787k). Over the past 5 years the exports of Guatemala to Portugal have decreased at an annualized rate of 24.6%, from $20.9M in 2017 to $5.11M in 2022.

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

Portugal-Guatemala Trade: In 2022, Portugal exported $31.6M to Guatemala. The main products that Portugal exported to Guatemala were Uncoated Paper ($6.06M), Industrial Printers ($2.82M), and Dyeing Finishing Agents ($2.56M). Over the past 5 years the exports of Portugal to Guatemala have increased at an annualized rate of 7.15%, from $22.4M in 2017 to $31.6M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $5.11M to Portugal. The main products exported from Guatemala to Portugal were Coffee ($1.56M), Crustaceans ($1.35M), and Processed Crustaceans ($787k). During the last 5 years the exports of Guatemala to Portugal have decreased at an annualized rate of 24.6%, from $20.9M in 2017 to $5.11M in 2022.

In 2017, Portugal exported $31.6M to Guatemala. The main products exported from Portugal to Guatemala were Uncoated Paper ($6.06M), Industrial Printers ($2.82M), and Dyeing Finishing Agents ($2.56M). During the last 5 years the exports of Portugal to Guatemala have increased at an annualized rate of 7.15%, from $22.4M in 2022 to $31.6M in 2017.

Exports from Guatemala () to Portugal () (2022)

Exports from Portugal () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Portugal ()

Guatemala Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Portugal
Top DestinationSpain$20.5B

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

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

In 2022, countries that imported more from Portugal than Guatemala included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Guatemala - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Portugal in the exports of Vegetable Products ($1.83M), Animal Products ($1.56M), and Foodstuffs ($1.28M).

During 2017, Portugal had a large net trade with Guatemala in the exports of Machines ($7.84M), Paper Goods ($6.19M), and Chemical Products ($4.77M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Portugal+$2.3MCoffee

Top Product Potential Portugal Guatemala+$2.19MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Portugal () (2022)

Exports from Portugal () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Portugal ()

Guatemala Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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