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Pricing

2023
Flag → Flag
Exports $5.16BRnk 1 / 170
2023
Flag → Flag
Top Product $1.18BBananas
2023
Flag → Flag
Exports $9.18BRnk 34 / 220
2023
Flag → Flag
Top Product $3.71BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 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$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Guatemala-United States Trade: In 2023, Guatemala exported $5.16B to United States. The main products that Guatemala exported to United States were Bananas ($1.18B), Knit Sweaters ($561M), and Coffee ($438M). Over the past 5 years the exports of Guatemala to United States have increased at an annualized rate of 2.36%, from $4.59B in 2018 to $5.16B in 2023.

In 2023, Guatemala did not export any services to United States.

United States-Guatemala Trade: In 2023, United States exported $9.18B to Guatemala. The main products that United States exported to Guatemala were Refined Petroleum ($3.71B), Petroleum Gas ($397M), and Corn ($333M). Over the past 5 years the exports of United States to Guatemala have increased at an annualized rate of 4.25%,  from $7.46B in 2018 to $9.18B in 2023.

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 2023,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $5.16B to United States. The main products exported from Guatemala to United States were Bananas ($1.18B), Knit Sweaters ($561M), and Coffee ($438M). During the last 5 years the exports of Guatemala to United States have increased at an annualized rate of 2.36%, from $4.59B in 2018 to $5.16B in 2023.

In 2018, United States exported $9.18B to Guatemala. The main products exported from United States to Guatemala were Refined Petroleum ($3.71B), Petroleum Gas ($397M), and Corn ($333M). During the last 5 years the exports of United States to Guatemala have increased at an annualized rate of 4.25%, from $7.46B in 2023 to $9.18B in 2018.

Exports from Guatemala (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Guatemala (Flag) (2023)

Latest Data

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

Guatemala Exports

United States Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.16B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Guatemala than United States included Syria ($8.82M).

In 2023, countries that imported more from United States than Guatemala included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Guatemala (Flag) (2023)

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 2023, Guatemala had a large net trade with United States in the exports of Vegetable Products ($2.58B), Textiles ($1.58B), and Foodstuffs ($495M).

During 2018, United States had a large net trade with Guatemala in the exports of Mineral Products ($4.25B), Machines ($785M), and Foodstuffs ($760M).

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) (2023)

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