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2023
Flag → Flag
Exports $13.1MRnk 74 / 200
2023
Flag → Flag
Top Product $7.71MCinnamon
2023
Flag → Flag
Exports $163kRnk 124 / 170
2023
Flag → Flag
Top Product $115kEssential Oils
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Sri Lanka-Guatemala Trade: In 2023, Sri Lanka exported $13.1M to Guatemala. The main products that Sri Lanka exported to Guatemala were Cinnamon ($7.71M), Washing and Bottling Machines ($1.18M), and Lifting Machinery ($404k). Over the past 5 years the exports of Sri Lanka to Guatemala have increased at an annualized rate of 17%, from $5.97M in 2018 to $13.1M in 2023.

In 2023, Sri Lanka did not export any services to Guatemala.

Guatemala-Sri Lanka Trade: In 2023, Guatemala exported $163k to Sri Lanka. The main products that Guatemala exported to Sri Lanka were Essential Oils ($115k), Non-Retail Artificial Staple Fibers Yarn ($36.5k), and Hard Liquor ($8.47k). Over the past 5 years the exports of Guatemala to Sri Lanka have decreased at an annualized rate of 27.7%,  from $823k in 2018 to $163k in 2023.

In 2023, Guatemala did not export any services to Sri Lanka.

Comparison: In 2023,  Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). 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, Sri Lanka exported $13.1M to Guatemala. The main products exported from Sri Lanka to Guatemala were Cinnamon ($7.71M), Washing and Bottling Machines ($1.18M), and Lifting Machinery ($404k). During the last 5 years the exports of Sri Lanka to Guatemala have increased at an annualized rate of 17%, from $5.97M in 2018 to $13.1M in 2023.

In 2018, Guatemala exported $163k to Sri Lanka. The main products exported from Guatemala to Sri Lanka were Essential Oils ($115k), Non-Retail Artificial Staple Fibers Yarn ($36.5k), and Hard Liquor ($8.47k). During the last 5 years the exports of Guatemala to Sri Lanka have decreased at an annualized rate of 27.7%, from $823k in 2023 to $163k in 2018.

Exports from Sri Lanka (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to Sri Lanka (Flag) (2023)

Latest Data

Trade between Sri Lanka (Flag) and Guatemala (Flag)

Sri Lanka Exports

Date

Guatemala Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Sri Lanka than Guatemala included India ($991M), United Kingdom ($900M), and Germany ($906M).

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

Difference in imports from Guatemala (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Guatemala

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Guatemala in the exports of Vegetable Products ($7.81M), Textiles ($2.24M), and Machines ($1.86M).

During 2018, Guatemala had a large net trade with Sri Lanka in the exports of Chemical Products ($115k), Textiles ($36.6k), and Foodstuffs ($8.47k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Guatemala+$446kNon-Knit Women's Suits
Top Product Potential Guatemala Sri Lanka+$13.1kEssential Oils

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

Product Space of Sri Lanka (Flag) and Guatemala (Flag) (2023)

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