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Pricing

2023
Flag → Flag
Exports $119MRnk 19 / 170
2023
Flag → Flag
Top Product $114MNutmeg, mace and cardamons
2023
Flag → Flag
Exports $22.9MRnk 107 / 182
2023
Flag → Flag
Top Product $11.2MPropylene Polymers
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Guatemala-Saudi Arabia Trade: In 2023, Guatemala exported $119M to Saudi Arabia. The main products that Guatemala exported to Saudi Arabia were Nutmeg, mace and cardamons ($114M), Coffee ($1.36M), and Sowing Seeds ($731k). Over the past 5 years the exports of Guatemala to Saudi Arabia have decreased at an annualized rate of 1.19%, from $126M in 2018 to $119M in 2023.

In 2023, Guatemala did not export any services to Saudi Arabia.

Saudi Arabia-Guatemala Trade: In 2023, Saudi Arabia exported $22.9M to Guatemala. The main products that Saudi Arabia exported to Guatemala were Propylene Polymers ($11.2M), Ethylene Polymers ($7.04M), and Glass Bottles ($1.57M). Over the past 5 years the exports of Saudi Arabia to Guatemala have decreased at an annualized rate of 20.3%,  from $71M in 2018 to $22.9M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $119M to Saudi Arabia. The main products exported from Guatemala to Saudi Arabia were Nutmeg, mace and cardamons ($114M), Coffee ($1.36M), and Sowing Seeds ($731k). During the last 5 years the exports of Guatemala to Saudi Arabia have decreased at an annualized rate of 1.19%, from $126M in 2018 to $119M in 2023.

In 2018, Saudi Arabia exported $22.9M to Guatemala. The main products exported from Saudi Arabia to Guatemala were Propylene Polymers ($11.2M), Ethylene Polymers ($7.04M), and Glass Bottles ($1.57M). During the last 5 years the exports of Saudi Arabia to Guatemala have decreased at an annualized rate of 20.3%, from $71M in 2023 to $22.9M in 2018.

Exports from Guatemala (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Guatemala (Flag) (2023)

Latest Data

Trade between Guatemala (Flag) and Saudi Arabia (Flag)

Guatemala Exports

Saudi Arabia Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.16B
Saudi Arabia
Top DestinationChina$64.4B

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

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

In 2023, countries that imported more from Saudi Arabia than Guatemala included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Guatemala (Flag) (2023)

Comparative Advantage Guatemala - Saudi Arabia

Flow
Scale

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

During 2023, Guatemala had a large net trade with Saudi Arabia in the exports of Vegetable Products ($116M), Textiles ($1.09M), and Foodstuffs ($438k).

During 2018, Saudi Arabia had a large net trade with Guatemala in the exports of Plastics and Rubbers ($19.8M), Stone And Glass ($1.64M), and Mineral Products ($703k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Saudi Arabia+$4.82MCoffee
Top Product Potential Saudi Arabia Guatemala+$9.6MEthylene Polymers

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

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

Product Space of Guatemala (Flag) and Saudi Arabia (Flag) (2023)

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