Guatemala (GTM) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Guatemala-Russia Trade: In 2023, Guatemala exported $2.68M to Russia. The main products that Guatemala exported to Russia were Coffee ($793k), Confectionery Sugar ($776k), and Other Processed Fruits and Nuts ($358k). Over the past 5 years the exports of Guatemala to Russia have decreased at an annualized rate of 34.1%, from $21.6M in 2018 to $2.68M in 2023.

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

Russia-Guatemala Trade: In 2023, Russia exported $145M to Guatemala. The main products that Russia exported to Guatemala were Nitrogenous Fertilizers ($94.3M), Mixed Mineral or Chemical Fertilizers ($30.8M), and Potassic Fertilizers ($11.6M). Over the past 5 years the exports of Russia to Guatemala have increased at an annualized rate of 2.01%, from $131M in 2018 to $145M in 2023.

In 2020, Russia exported services to Guatemala worth $677k, with Other business services ($545k), Transportation ($70k), and Computer and information services ($40k) being the largest in terms of value.

Comparison: In 2023, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guatemala exported $2.68M to Russia. The main products exported from Guatemala to Russia were Coffee ($793k), Confectionery Sugar ($776k), and Other Processed Fruits and Nuts ($358k). During the last 5 years the exports of Guatemala to Russia have decreased at an annualized rate of 34.1%, from $21.6M in 2018 to $2.68M in 2023.

In 2018, Russia exported $145M to Guatemala. The main products exported from Russia to Guatemala were Nitrogenous Fertilizers ($94.3M), Mixed Mineral or Chemical Fertilizers ($30.8M), and Potassic Fertilizers ($11.6M). During the last 5 years the exports of Russia to Guatemala have increased at an annualized rate of 2.01%, from $131M in 2023 to $145M in 2018.

Exports from Guatemala () to Russia () (2023)

Exports from Russia () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Russia ()

Guatemala Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Russia
Top DestinationChina$129B

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

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

In 2023, countries that imported more from Russia than Guatemala included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Guatemala - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Russia in the exports of Vegetable Products ($1.35M), Foodstuffs ($1.33M), and Miscellaneous ($376).

During 2018, Russia had a large net trade with Guatemala in the exports of Chemical Products ($138M), Metals ($5.03M), and Machines ($479k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Russia+$5.94MCoffee

Top Product Potential Russia Guatemala+$3.84MPotassic Fertilizers

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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Guatemala worth $677k, with Other business services ($545k), Transportation ($70k), and Computer and information services ($40k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Guatemala () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Guatemala and Russia. This means that a dot/product with the flag of Guatemala indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Guatemala.

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Russia () (2023)

Exports from Russia () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Russia ()

Guatemala Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Guatemala () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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