2022
Flag  
GDP
$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 102 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC 
$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH
12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186

About

Malaysia-Guatemala Trade: In 2022, Malaysia exported $109M to Guatemala. The main products that Malaysia exported to Guatemala were Other Electrical Machinery ($17.2M), Machinery Having Individual Functions ($8.62M), and Rubber Apparel ($7.12M). Over the past 5 years the exports of Malaysia to Guatemala have increased at an annualized rate of 20.4%, from $43.2M in 2017 to $109M in 2022.

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

Guatemala-Malaysia Trade: In 2022, Guatemala exported $15M to Malaysia. The main products that Guatemala exported to Malaysia were Coffee ($7.81M), Rubber ($2.73M), and Nutmeg, mace and cardamons ($1.77M). Over the past 5 years the exports of Guatemala to Malaysia have decreased at an annualized rate of 26.9%,  from $72M in 2017 to $15M in 2022.

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

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). 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, Malaysia exported $109M to Guatemala. The main products exported from Malaysia to Guatemala were Other Electrical Machinery ($17.2M), Machinery Having Individual Functions ($8.62M), and Rubber Apparel ($7.12M). During the last 5 years the exports of Malaysia to Guatemala have increased at an annualized rate of 20.4%, from $43.2M in 2017 to $109M in 2022.

In 2017, Guatemala exported $15M to Malaysia. The main products exported from Guatemala to Malaysia were Coffee ($7.81M), Rubber ($2.73M), and Nutmeg, mace and cardamons ($1.77M). During the last 5 years the exports of Guatemala to Malaysia have decreased at an annualized rate of 26.9%, from $72M in 2022 to $15M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top Destination
Singapore$53.8B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from Malaysia than Guatemala included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

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

Comparative Advantage Malaysia - Guatemala

Flow
Scale

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

During 2022, Malaysia had a large net trade with Guatemala in the exports of Machines ($49.5M), Plastics and Rubbers ($12.9M), and Animal and Vegetable Bi-Products ($9.08M).

During 2017, Guatemala had a large net trade with Malaysia in the exports of Vegetable Products ($9.6M), Plastics and Rubbers ($3.71M), and Metals ($810k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Guatemala+$10.4MRefined Petroleum
Top Product Potential Guatemala Malaysia+$3.95MCoffee

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

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

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