2023
Flag  
GDP
$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH
97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC 
$5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH
67.3%CURRENT US$
Rnk 27 / 195

About

Guatemala-Chinese Taipei Trade: In 2023, Guatemala exported $133M to Chinese Taipei. The main products that Guatemala exported to Chinese Taipei were Raw Sugar ($97.2M), Coffee ($20.5M), and Scrap Iron ($5.74M). Over the past 5 years the exports of Guatemala to Chinese Taipei have increased at an annualized rate of 16.5%, from $61.7M in 2018 to $133M in 2023.

In 2023, Guatemala did not export any services to Chinese Taipei.

Chinese Taipei-Guatemala Trade: In 2023, Chinese Taipei exported $276M to Guatemala. The main products that Chinese Taipei exported to Guatemala were Alkylbenzenes and Alkylnaphthalenes ($51.6M), Refined Petroleum ($46.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.2M). Over the past 5 years the exports of Chinese Taipei to Guatemala have increased at an annualized rate of 13.9%,  from $144M in 2018 to $276M in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $133M to Chinese Taipei. The main products exported from Guatemala to Chinese Taipei were Raw Sugar ($97.2M), Coffee ($20.5M), and Scrap Iron ($5.74M). During the last 5 years the exports of Guatemala to Chinese Taipei have increased at an annualized rate of 16.5%, from $61.7M in 2018 to $133M in 2023.

In 2018, Chinese Taipei exported $276M to Guatemala. The main products exported from Chinese Taipei to Guatemala were Alkylbenzenes and Alkylnaphthalenes ($51.6M), Refined Petroleum ($46.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($16.2M). During the last 5 years the exports of Chinese Taipei to Guatemala have increased at an annualized rate of 13.9%, from $144M in 2023 to $276M in 2018.

Exports from Guatemala (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Guatemala (Flag) (2023)

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.16B
Chinese Taipei
Top Destination
China$101B

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

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

In 2023, countries that imported more from Chinese Taipei than Guatemala included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Guatemala (Flag) (2023)

Comparative Advantage Guatemala - Chinese Taipei

Flow
Scale

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

During 2023, Guatemala had a large net trade with Chinese Taipei in the exports of Foodstuffs ($99.9M), Vegetable Products ($21M), and Metals ($6.77M).

During 2018, Chinese Taipei had a large net trade with Guatemala in the exports of Machines ($61.2M), Chemical Products ($61M), and Mineral Products ($47.8M).

Economic Complexity

Competitive Landscape

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

Product Space of Guatemala (Flag) and Chinese Taipei (Flag) (2023)

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