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2023
Flag → Flag
Exports $662MRnk 82 / 220
2023
Flag → Flag
Top Product $135MMotorcycles and cycles
2023
Flag → Flag
Exports $33.6MRnk 34 / 170
2023
Flag → Flag
Top Product $9.41MNutmeg, mace and cardamons
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

India-Guatemala Trade: In 2023, India exported $662M to Guatemala. The main products that India exported to Guatemala were Motorcycles and cycles ($135M), Packaged Medicaments ($108M), and Cars ($48.9M). Over the past 5 years the exports of India to Guatemala have increased at an annualized rate of 14%, from $344M in 2018 to $662M in 2023.

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

Guatemala-India Trade: In 2023, Guatemala exported $33.6M to India. The main products that Guatemala exported to India were Nutmeg, mace and cardamons ($9.41M), Rough Wood ($8.79M), and Scrap Aluminium ($3.76M). Over the past 5 years the exports of Guatemala to India have increased at an annualized rate of 15.1%,  from $16.6M in 2018 to $33.6M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $44.7M and imported $900k from Guatemala, resulting in a positive trade balance of $43.8M. Between November 2023 and November 2024 the exports of India have decreased by $-665k (-1.47%) from $45.3M to $44.7M, while imports decreased by $-1.3M (-59.2%) from $2.2M to $900k.

Trade In November 2024, the top exports of India to Guatemala were Two And Three Wheelers ($5.25M), Drug Formulations, Biologicals ($3.87M), Motor Vehicle/Cars ($2.66M), Cotton Yarn ($2.15M), and Agro Chemicals ($2.06M). In November 2024 the top imports of India from Guatemala were Other Wood And Wood Products ($915k), Paper, Paper Board And Product ($365k), Iron And Steel ($270k), Spices ($77.5k), and Alcoholic Beverages ($23.1k).

Growth In November 2024, the decrease in India's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Cotton Yarn ($-8.82M or -80.4%), Two And Three Wheelers ($-1.4M or -21.1%), and Manmade Yarn,Fabrics,Madeups ($-1.23M or -61.1%). In November 2024, the decrease in India's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Spices ($-149k or -65.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-665k(-1.47%)
IMPORT GROWTH (November 2023 - November 2024)$-1.3M(-59.2%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Guatemala and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $662M to Guatemala. The main products exported from India to Guatemala were Motorcycles and cycles ($135M), Packaged Medicaments ($108M), and Cars ($48.9M). During the last 5 years the exports of India to Guatemala have increased at an annualized rate of 14%, from $344M in 2018 to $662M in 2023.

In 2018, Guatemala exported $33.6M to India. The main products exported from Guatemala to India were Nutmeg, mace and cardamons ($9.41M), Rough Wood ($8.79M), and Scrap Aluminium ($3.76M). During the last 5 years the exports of Guatemala to India have increased at an annualized rate of 15.1%, from $16.6M in 2023 to $33.6M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from India than Guatemala included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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

Comparative Advantage India - Guatemala

Flow
Scale

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

During 2023, India had a large net trade with Guatemala in the exports of Transportation ($212M), Chemical Products ($192M), and Textiles ($66.4M).

During 2018, Guatemala had a large net trade with India in the exports of Vegetable Products ($11.8M), Wood Products ($8.86M), and Metals ($7.05M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Guatemala+$28.3MPackaged Medicaments
Top Product Potential Guatemala India+$4.3MScrap Aluminium

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

Product Space of India (Flag) and Guatemala (Flag) (2023)

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