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2022
Flag → Flag
Exports $31.1MRnk 36 / 162
2022
Flag → Flag
Top Product $13.1MRaw Sugar
2022
Flag → Flag
Exports $84.5MRnk 12 / 126
2022
Flag → Flag
Top Product $53.2MSemi-Finished Iron
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
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GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
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GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Guatemala-Venezuela Trade: In 2022, Guatemala exported $31.1M to Venezuela. The main products that Guatemala exported to Venezuela were Raw Sugar ($13.1M), Palm Oil ($4.98M), and Rubber ($2.83M). Over the past 5 years the exports of Guatemala to Venezuela have increased at an annualized rate of 17.1%, from $14.1M in 2017 to $31.1M in 2022.

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

Venezuela-Guatemala Trade: In 2022, Venezuela exported $84.5M to Guatemala. The main products that Venezuela exported to Guatemala were Semi-Finished Iron ($53.2M), Hot-Rolled Iron Bars ($14.4M), and Non-fillet Frozen Fish ($9.9M). Over the past 5 years the exports of Venezuela to Guatemala have increased at an annualized rate of 24.9%,  from $17.8M in 2017 to $84.5M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $31.1M to Venezuela. The main products exported from Guatemala to Venezuela were Raw Sugar ($13.1M), Palm Oil ($4.98M), and Rubber ($2.83M). During the last 5 years the exports of Guatemala to Venezuela have increased at an annualized rate of 17.1%, from $14.1M in 2017 to $31.1M in 2022.

In 2017, Venezuela exported $84.5M to Guatemala. The main products exported from Venezuela to Guatemala were Semi-Finished Iron ($53.2M), Hot-Rolled Iron Bars ($14.4M), and Non-fillet Frozen Fish ($9.9M). During the last 5 years the exports of Venezuela to Guatemala have increased at an annualized rate of 24.9%, from $17.8M in 2022 to $84.5M in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Venezuela (Flag)

Guatemala Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Guatemala than Venezuela included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Venezuela than Guatemala included Turkey ($597M), Brazil ($361M), and China ($703M).

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

Comparative Advantage Guatemala - Venezuela

Flow
Scale

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

During 2022, Guatemala had a large net trade with Venezuela in the exports of Foodstuffs ($14.6M), Animal and Vegetable Bi-Products ($4.98M), and Chemical Products ($4.83M).

During 2017, Venezuela had a large net trade with Guatemala in the exports of Metals ($67.6M), Animal Products ($10.7M), and Paper Goods ($3.15M).

Economic Complexity

Competitive Landscape

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

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

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