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2023
Flag → Flag
Exports $180kRnk 107 / 157
2023
Flag → Flag
Top Product $104kFish Oil
2023
Flag → Flag
Exports $313kRnk 110 / 170
2023
Flag → Flag
Top Product $74kLegumes
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Iceland-Guatemala Trade: In 2023, Iceland exported $180k to Guatemala. The main products that Iceland exported to Guatemala were Fish Oil ($104k), Valves ($23.7k), and Ethylene Polymers ($23.6k). Over the past 5 years the exports of Iceland to Guatemala have increased at an annualized rate of 29.8%, from $48.8k in 2018 to $180k in 2023.

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

Guatemala-Iceland Trade: In 2023, Guatemala exported $313k to Iceland. The main products that Guatemala exported to Iceland were Legumes ($74k), Tropical Fruits ($50.8k), and Hard Liquor ($20.3k). Over the past 5 years the exports of Guatemala to Iceland have decreased at an annualized rate of 7.78%,  from $469k in 2018 to $313k in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $180k to Guatemala. The main products exported from Iceland to Guatemala were Fish Oil ($104k), Valves ($23.7k), and Ethylene Polymers ($23.6k). During the last 5 years the exports of Iceland to Guatemala have increased at an annualized rate of 29.8%, from $48.8k in 2018 to $180k in 2023.

In 2018, Guatemala exported $313k to Iceland. The main products exported from Guatemala to Iceland were Legumes ($74k), Tropical Fruits ($50.8k), and Hard Liquor ($20.3k). During the last 5 years the exports of Guatemala to Iceland have decreased at an annualized rate of 7.78%, from $469k in 2023 to $313k in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Guatemala (Flag)

Iceland Exports

Guatemala Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Iceland than Guatemala included Netherlands ($1.97B), Germany ($771M), and United Kingdom ($607M).

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

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

Comparative Advantage Iceland - Guatemala

Flow
Scale

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

During 2023, Iceland had a large net trade with Guatemala in the exports of Animal and Vegetable Bi-Products ($104k), Plastics and Rubbers ($42.6k), and Machines ($28.9k).

During 2018, Guatemala had a large net trade with Iceland in the exports of Vegetable Products ($205k), Textiles ($50.7k), and Foodstuffs ($46.5k).

Economic Complexity

Competitive Landscape

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

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

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