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2023
Flag → Flag
Exports $9.79MRnk 55 / 170
2023
Flag → Flag
Top Product $2.03MPolishes and Creams
2023
Flag → Flag
Exports $50.2MRnk 12 / 122
2023
Flag → Flag
Top Product $19.4MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Guatemala-Venezuela Trade: In 2023, Guatemala exported $9.79M to Venezuela. The main products that Guatemala exported to Venezuela were Polishes and Creams ($2.03M), Refrigerators ($1.18M), and Packaged Medicaments ($878k). Over the past 5 years the exports of Guatemala to Venezuela have decreased at an annualized rate of 25.4%, from $42.5M in 2018 to $9.79M in 2023.

In 2023, Guatemala did not export any services to Venezuela.

Venezuela-Guatemala Trade: In 2023, Venezuela exported $50.2M to Guatemala. The main products that Venezuela exported to Guatemala were Non-fillet Frozen Fish ($19.4M), Semi-Finished Iron ($19M), and Hot-Rolled Iron Bars ($5.81M). Over the past 5 years the exports of Venezuela to Guatemala have increased at an annualized rate of 5.61%,  from $38.2M in 2018 to $50.2M in 2023.

In 2023, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $9.79M to Venezuela. The main products exported from Guatemala to Venezuela were Polishes and Creams ($2.03M), Refrigerators ($1.18M), and Packaged Medicaments ($878k). During the last 5 years the exports of Guatemala to Venezuela have decreased at an annualized rate of 25.4%, from $42.5M in 2018 to $9.79M in 2023.

In 2018, Venezuela exported $50.2M to Guatemala. The main products exported from Venezuela to Guatemala were Non-fillet Frozen Fish ($19.4M), Semi-Finished Iron ($19M), and Hot-Rolled Iron Bars ($5.81M). During the last 5 years the exports of Venezuela to Guatemala have increased at an annualized rate of 5.61%, from $38.2M in 2023 to $50.2M in 2018.

Exports from Guatemala (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Guatemala (Flag) (2023)

Latest Data

Trade between Guatemala (Flag) and Venezuela (Flag)

Guatemala Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.16B
Venezuela
Top DestinationUnited States$3.81B

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 2023, countries that imported more from Guatemala than Venezuela included El Salvador ($1.73B), Honduras ($1.42B), and United States ($5.16B).

In 2023, countries that imported more from Venezuela than Guatemala included China ($739M), Brazil ($468M), and Spain ($670M).

Difference in imports from Venezuela (Flag) and Guatemala (Flag) (2023)

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 2023, Guatemala had a large net trade with Venezuela in the exports of Chemical Products ($3.92M), Plastics and Rubbers ($1.57M), and Machines ($1.56M).

During 2018, Venezuela had a large net trade with Guatemala in the exports of Metals ($24.8M), Animal Products ($20.2M), and Paper Goods ($2.61M).

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) (2023)

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