Guatemala (GTM) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Guatemala-Thailand Trade: In 2022, Guatemala exported $17.1M to Thailand. The main products that Guatemala exported to Thailand were Scrap Aluminium ($11.7M), Scrap Iron ($3.18M), and Carboxyamide Compounds ($455k). Over the past 5 years the exports of Guatemala to Thailand have increased at an annualized rate of 20.1%, from $6.83M in 2017 to $17.1M in 2022.

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

Thailand-Guatemala Trade: In 2022, Thailand exported $199M to Guatemala. The main products that Thailand exported to Guatemala were Delivery Trucks ($94M), Cars ($19.4M), and Household Washing Machines ($10.2M). Over the past 5 years the exports of Thailand to Guatemala have increased at an annualized rate of 14.5%, from $101M in 2017 to $199M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $17.1M to Thailand. The main products exported from Guatemala to Thailand were Scrap Aluminium ($11.7M), Scrap Iron ($3.18M), and Carboxyamide Compounds ($455k). During the last 5 years the exports of Guatemala to Thailand have increased at an annualized rate of 20.1%, from $6.83M in 2017 to $17.1M in 2022.

In 2017, Thailand exported $199M to Guatemala. The main products exported from Thailand to Guatemala were Delivery Trucks ($94M), Cars ($19.4M), and Household Washing Machines ($10.2M). During the last 5 years the exports of Thailand to Guatemala have increased at an annualized rate of 14.5%, from $101M in 2022 to $199M in 2017.

Exports from Guatemala () to Thailand () (2022)

Exports from Thailand () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Thailand ()

Guatemala Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Thailand
Top DestinationUnited States$53.4B

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

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

In 2022, countries that imported more from Thailand than Guatemala included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Guatemala - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Thailand in the exports of Metals ($14.9M), Chemical Products ($624k), and Vegetable Products ($470k).

During 2017, Thailand had a large net trade with Guatemala in the exports of Transportation ($118M), Machines ($32.2M), and Plastics and Rubbers ($21M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Thailand+$1.04MPesticides

Top Product Potential Thailand Guatemala+$12.7MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Thailand () (2022)

Exports from Thailand () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Thailand ()

Guatemala Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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