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Pricing

2022
Flag → Flag
Exports $10.3MRnk 57 / 162
2022
Flag → Flag
Top Product $7.22MNutmeg, mace and cardamons
2022
Flag → Flag
Exports $57MRnk 96 / 215
2022
Flag → Flag
Top Product $29.9MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Guatemala-Singapore Trade: In 2022, Guatemala exported $10.3M to Singapore. The main products that Guatemala exported to Singapore were Nutmeg, mace and cardamons ($7.22M), Hard Liquor ($1.05M), and Knit Sweaters ($467k). Over the past 5 years the exports of Guatemala to Singapore have decreased at an annualized rate of 2.56%, from $11.7M in 2017 to $10.3M in 2022.

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

Singapore-Guatemala Trade: In 2022, Singapore exported $57M to Guatemala. The main products that Singapore exported to Guatemala were Refined Petroleum ($29.9M), Other Edible Preparations ($6.78M), and Packaged Medicaments ($3.98M). Over the past 5 years the exports of Singapore to Guatemala have increased at an annualized rate of 18%,  from $24.9M in 2017 to $57M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $10.3M to Singapore. The main products exported from Guatemala to Singapore were Nutmeg, mace and cardamons ($7.22M), Hard Liquor ($1.05M), and Knit Sweaters ($467k). During the last 5 years the exports of Guatemala to Singapore have decreased at an annualized rate of 2.56%, from $11.7M in 2017 to $10.3M in 2022.

In 2017, Singapore exported $57M to Guatemala. The main products exported from Singapore to Guatemala were Refined Petroleum ($29.9M), Other Edible Preparations ($6.78M), and Packaged Medicaments ($3.98M). During the last 5 years the exports of Singapore to Guatemala have increased at an annualized rate of 18%, from $24.9M in 2022 to $57M in 2017.

Exports from Guatemala (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Guatemala (Flag) (2022)

Latest Data

Trade between Guatemala (Flag) and Singapore (Flag)

Guatemala Exports

Singapore Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Singapore
Top DestinationHong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than Guatemala included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Guatemala (Flag) (2022)

Comparative Advantage Guatemala - Singapore

Flow
Scale

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

During 2022, Guatemala had a large net trade with Singapore in the exports of Vegetable Products ($7.74M), Textiles ($1.1M), and Foodstuffs ($1.05M).

During 2017, Singapore had a large net trade with Guatemala in the exports of Mineral Products ($29.9M), Foodstuffs ($7.33M), and Chemical Products ($5.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Singapore+$981kHard Liquor
Top Product Potential Singapore Guatemala+$39.5MRefined 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

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

Product Space of Guatemala (Flag) and Singapore (Flag) (2022)

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