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Pricing

2022
Flag → Flag
Exports $82.6kRnk 128 / 156
2022
Flag → Flag
Top Product $82.6kEthylene Polymers
2022
Flag → Flag
Exports $10.9MRnk 56 / 162
2022
Flag → Flag
Top Product $7.52MNutmeg, mace and cardamons
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Kuwait-Guatemala Trade: In 2022, Kuwait exported $82.6k to Guatemala. The main products that Kuwait exported to Guatemala were Ethylene Polymers ($82.6k). Over the past 10 years the exports of Kuwait to Guatemala have increased at an annualized rate of 0.82%, from $76.2k in 2012 to $82.6k in 2022.

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

Guatemala-Kuwait Trade: In 2022, Guatemala exported $10.9M to Kuwait. The main products that Guatemala exported to Kuwait were Nutmeg, mace and cardamons ($7.52M), Knit T-shirts ($1.07M), and Knit Sweaters ($513k). Over the past 10 years the exports of Guatemala to Kuwait have decreased at an annualized rate of 1.48%,  from $11.8M in 2012 to $10.9M in 2022.

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

Comparison: In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $82.6k to Guatemala. The main products exported from Kuwait to Guatemala were Ethylene Polymers ($82.6k). During the last 10 years the exports of Kuwait to Guatemala have increased at an annualized rate of 0.82%, from $76.2k in 2012 to $82.6k in 2022.

In 2017, Guatemala exported $10.9M to Kuwait. The main products exported from Guatemala to Kuwait were Nutmeg, mace and cardamons ($7.52M), Knit T-shirts ($1.07M), and Knit Sweaters ($513k). During the last 5 years the exports of Guatemala to Kuwait have decreased at an annualized rate of 1.48%, from $11.8M in 2022 to $10.9M in 2017.

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

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

Latest Data

Trade between Kuwait (Flag) and Guatemala (Flag)

Guatemala Exports

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Kuwait than Guatemala included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

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

Comparative Advantage Kuwait - Guatemala

Flow
Scale

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

During 2022, Kuwait had a large net trade with Guatemala in the exports of Plastics and Rubbers ($82.6k).

During 2017, Guatemala had a large net trade with Kuwait in the exports of Vegetable Products ($8M), Textiles ($2.81M), and Foodstuffs ($57.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Guatemala+$255kEthylene Polymers
Top Product Potential Guatemala Kuwait+$1.21MKnit T-shirts

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

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

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