2023
Flag  
GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP
$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH
97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC 
$64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC
$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH
67.3%CURRENT US$
Rnk 27 / 195

About

Netherlands-Guatemala Trade: In 2023, Netherlands exported $134M to Guatemala. The main products that Netherlands exported to Guatemala were Other Edible Preparations ($22.1M), Malt ($12.9M), and Vaccines, blood, antisera, toxins and cultures ($9.32M). Over the past 5 years the exports of Netherlands to Guatemala have increased at an annualized rate of 2.02%, from $121M in 2018 to $134M in 2023.

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

Guatemala-Netherlands Trade: In 2023, Guatemala exported $593M to Netherlands. The main products that Guatemala exported to Netherlands were Palm Oil ($333M), Alcohol > 80% ABV ($68.1M), and Coconut Oil ($34.1M). Over the past 5 years the exports of Guatemala to Netherlands have increased at an annualized rate of 9.12%,  from $383M in 2018 to $593M in 2023.

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

Comparison: In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). 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, Netherlands exported $134M to Guatemala. The main products exported from Netherlands to Guatemala were Other Edible Preparations ($22.1M), Malt ($12.9M), and Vaccines, blood, antisera, toxins and cultures ($9.32M). During the last 5 years the exports of Netherlands to Guatemala have increased at an annualized rate of 13.4%, from $26M in 2017 to $134M in 2023.

In 2018, Guatemala exported $593M to Netherlands. The main products exported from Guatemala to Netherlands were Palm Oil ($333M), Alcohol > 80% ABV ($68.1M), and Coconut Oil ($34.1M). During the last 5 years the exports of Guatemala to Netherlands have increased at an annualized rate of 79.5%, from $38.2M in 2022 to $593M in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$96.9B
Guatemala
Top Destination
United States$5.16B

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

In 2023, countries that imported more from Netherlands than Guatemala included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Guatemala than Netherlands included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

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

Comparative Advantage Netherlands - Guatemala

Flow
Scale

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

During 2023, Netherlands had a large net trade with Guatemala in the exports of Foodstuffs ($37.1M), Chemical Products ($25.8M), and Vegetable Products ($22.2M).

During 2018, Guatemala had a large net trade with Netherlands in the exports of Animal and Vegetable Bi-Products ($370M), Vegetable Products ($110M), and Foodstuffs ($91.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Guatemala+$19.2MRefined Petroleum
Top Product Potential Guatemala Netherlands+$11MCoffee

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

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

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