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Pricing

2022
Flag → Flag
Exports $5.23BRnk 1 / 162
2022
Flag → Flag
Top Product $1.01BBananas
2022
Flag → Flag
Exports $10.1BRnk 36 / 219
2022
Flag → Flag
Top Product $3.92BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Guatemala-United States Trade: In 2022, Guatemala exported $5.23B to United States. The main products that Guatemala exported to United States were Bananas ($1.01B), Knit Sweaters ($515M), and Coffee ($498M). Over the past 5 years the exports of Guatemala to United States have increased at an annualized rate of 4.73%, from $4.15B in 2017 to $5.23B in 2022.

In 2022, Guatemala did not export any services to United States.

United States-Guatemala Trade: In 2022, United States exported $10.1B to Guatemala. The main products that United States exported to Guatemala were Refined Petroleum ($3.92B), Petroleum Gas ($372M), and Corn ($331M). Over the past 5 years the exports of United States to Guatemala have increased at an annualized rate of 7.53%,  from $7.03B in 2017 to $10.1B in 2022.

In 2017, United States exported services to Guatemala worth $1.7B, with Travel ($823M), Transportation ($395M), and Financial services ($184M) being the largest in terms of value.

Comparison: In 2022,  Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $5.23B to United States. The main products exported from Guatemala to United States were Bananas ($1.01B), Knit Sweaters ($515M), and Coffee ($498M). During the last 5 years the exports of Guatemala to United States have increased at an annualized rate of 4.73%, from $4.15B in 2017 to $5.23B in 2022.

In 2017, United States exported $10.1B to Guatemala. The main products exported from United States to Guatemala were Refined Petroleum ($3.92B), Petroleum Gas ($372M), and Corn ($331M). During the last 5 years the exports of United States to Guatemala have increased at an annualized rate of 7.53%, from $7.03B in 2022 to $10.1B in 2017.

Exports from Guatemala (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Guatemala (Flag) (2022)

Latest Data

Trade between Guatemala (Flag) and United States (Flag)

Guatemala Exports

United States Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Guatemala than United States included Syria ($9.07M) and Wallis and Futuna ($257k).

In 2022, countries that imported more from United States than Guatemala included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Guatemala (Flag) (2022)

Comparative Advantage Guatemala - United States

Flow
Scale

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

During 2022, Guatemala had a large net trade with United States in the exports of Vegetable Products ($2.28B), Textiles ($1.8B), and Foodstuffs ($458M).

During 2017, United States had a large net trade with Guatemala in the exports of Mineral Products ($4.55B), Machines ($869M), and Foodstuffs ($705M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala United States+$84.7MKnit Sweaters
Top Product Potential United States Guatemala+$36.4MCars

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

Product Space of Guatemala (Flag) and United States (Flag) (2022)

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