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2022
Flag → Flag
Exports $676MRnk 79 / 217
2022
Flag → Flag
Top Product $114MMotorcycles and cycles
2022
Flag → Flag
Exports $17.9MRnk 43 / 162
2022
Flag → Flag
Top Product $4.94MRough Wood
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

India-Guatemala Trade: In 2022, India exported $676M to Guatemala. The main products that India exported to Guatemala were Motorcycles and cycles ($114M), Packaged Medicaments ($104M), and Non-Retail Pure Cotton Yarn ($45M). Over the past 5 years the exports of India to Guatemala have increased at an annualized rate of 15.7%, from $327M in 2017 to $676M in 2022.

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

Guatemala-India Trade: In 2022, Guatemala exported $17.9M to India. The main products that Guatemala exported to India were Rough Wood ($4.94M), Nutmeg, mace and cardamons ($3.76M), and Blank Audio Media ($3.33M). Over the past 5 years the exports of Guatemala to India have decreased at an annualized rate of 1.59%,  from $19.4M in 2017 to $17.9M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

July, 2024

About

Overview In July 2024, India exported $54.5M and imported $3.06M from Guatemala, resulting in a positive trade balance of $51.5M. Between July 2023 and July 2024 the exports of India have increased by $7.41M (15.7%) from $47.1M to $54.5M, while imports decreased by $-966k (-24%) from $4.03M to $3.06M.

Trade In July 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 July 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 July 2024, the increase in India's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Cosmetics And Toiletries ($223k or 152%), Dyes ($207k or 94.7%), and Ayush And Herbal Products ($172k or 465%). In July 2024, the decrease in India's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Spices ($-149k or -65.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$7.41M(15.7%)
IMPORT GROWTH (July 2023 - July 2024)$-966k(-24%)

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 2022, India exported $676M to Guatemala. The main products exported from India to Guatemala were Motorcycles and cycles ($114M), Packaged Medicaments ($104M), and Non-Retail Pure Cotton Yarn ($45M). During the last 5 years the exports of India to Guatemala have increased at an annualized rate of 15.7%, from $327M in 2017 to $676M in 2022.

In 2017, Guatemala exported $17.9M to India. The main products exported from Guatemala to India were Rough Wood ($4.94M), Nutmeg, mace and cardamons ($3.76M), and Blank Audio Media ($3.33M). During the last 5 years the exports of Guatemala to India have decreased at an annualized rate of 1.59%, from $19.4M in 2022 to $17.9M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Guatemala
Top DestinationUnited States$5.23B

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 2022, countries that imported more from India than Guatemala included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Guatemala than India included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

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

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 2022, India had a large net trade with Guatemala in the exports of Chemical Products ($192M), Transportation ($186M), and Textiles ($126M).

During 2017, Guatemala had a large net trade with India in the exports of Wood Products ($5.14M), Vegetable Products ($4.35M), and Machines ($3.35M).

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) (2022)

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