Lesotho (LSO) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Lesotho-Guatemala Trade: In 2023, Lesotho exported $8.41k to Guatemala. The main products that Lesotho exported to Guatemala were Non-Knit Men's Suits ($7.67k), Non-Knit Women's Suits ($408), and Knit Babies' Garments ($337). Over the past 7 years the exports of Lesotho to Guatemala have decreased at an annualized rate of 1.67%, from $9.46k in 2016 to $8.41k in 2023.

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

Guatemala-Lesotho Trade: In 2023, Guatemala exported $12.3k to Lesotho. The main products that Guatemala exported to Lesotho were Cars ($11.4k), Non-Knit Men's Suits ($290), and Video Displays ($150). Over the past 7 years the exports of Guatemala to Lesotho have increased at an annualized rate of 52.9%, from $1.48k in 2016 to $12.3k in 2023.

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

Comparison In 2023, Lesotho ranked 158 in total exports ($1.14B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Lesotho exported $8.41k to Guatemala. The main products exported from Lesotho to Guatemala were Non-Knit Men's Suits ($7.67k), Non-Knit Women's Suits ($408), and Knit Babies' Garments ($337). During the last 7 years the exports of Lesotho to Guatemala have decreased at an annualized rate of 1.67%, from $9.46k in 2016 to $8.41k in 2023.

In 2018, Guatemala exported $12.3k to Lesotho. The main products exported from Guatemala to Lesotho were Cars ($11.4k), Non-Knit Men's Suits ($290), and Video Displays ($150). During the last 5 years the exports of Guatemala to Lesotho have increased at an annualized rate of 52.9%, from $1.48k in 2023 to $12.3k in 2018.

Exports from Lesotho () to Guatemala () (2023)

Exports from Guatemala () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Guatemala ()

Guatemala Exports

Date

Aug 2019

Aug 2016

Oct 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$351M

Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Lesotho than Guatemala included South Africa ($351M), Belgium ($295M), and India ($86.3M).

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

Difference in imports from Guatemala () and Lesotho () (2023)

Comparative Advantage Lesotho - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Lesotho had a large net trade with Guatemala in the exports of Textiles ($8.41k).

During 2018, Guatemala had a large net trade with Lesotho in the exports of Transportation ($11.4k), Textiles ($313), and Machines ($260).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Guatemala+$45.4kNon-Knit Men's Suits

Top Product Potential Guatemala Lesotho+$1.37kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Guatemala () (2023)

Exports from Guatemala () to Lesotho () (2023)

Latest Data

Trade between Lesotho () and Guatemala ()

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Lesotho () (2023)

Comparative Advantage Lesotho - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Guatemala () (2023)

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