New Zealand (NZL) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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New Zealand-Guatemala Trade: In 2022, New Zealand exported $67M to Guatemala. The main products that New Zealand exported to Guatemala were Concentrated Milk ($48.3M), Butter ($6.53M), and Cheese ($3.66M). Over the past 5 years the exports of New Zealand to Guatemala have increased at an annualized rate of 18.3%, from $28.9M in 2017 to $67M in 2022.

In 2022, New Zealand did not export any services to Guatemala.

Guatemala-New Zealand Trade: In 2022, Guatemala exported $4.63M to New Zealand. The main products that Guatemala exported to New Zealand were Coffee ($3.5M), Sowing Seeds ($255k), and Knit Men's Shirts ($139k). Over the past 5 years the exports of Guatemala to New Zealand have decreased at an annualized rate of 20.9%, from $15M in 2017 to $4.63M in 2022.

In 2022, Guatemala did not export any services to New Zealand.

Comparison: In 2022, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, New Zealand exported $67M to Guatemala. The main products exported from New Zealand to Guatemala were Concentrated Milk ($48.3M), Butter ($6.53M), and Cheese ($3.66M). During the last 5 years the exports of New Zealand to Guatemala have increased at an annualized rate of 18.3%, from $28.9M in 2017 to $67M in 2022.

In 2017, Guatemala exported $4.63M to New Zealand. The main products exported from Guatemala to New Zealand were Coffee ($3.5M), Sowing Seeds ($255k), and Knit Men's Shirts ($139k). During the last 5 years the exports of Guatemala to New Zealand have decreased at an annualized rate of 20.9%, from $15M in 2022 to $4.63M in 2017.

Exports from New Zealand () to Guatemala () (2022)

Exports from Guatemala () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Guatemala ()

New Zealand Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from New Zealand than Guatemala included China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

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

Difference in imports from Guatemala () and New Zealand () (2022)

Comparative Advantage New Zealand - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Guatemala in the exports of Animal Products ($62.1M), Vegetable Products ($1.51M), and Foodstuffs ($1.17M).

During 2017, Guatemala had a large net trade with New Zealand in the exports of Vegetable Products ($3.8M), Textiles ($564k), and Plastics and Rubbers ($116k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Guatemala+$1.56MCheese

Top Product Potential Guatemala New Zealand+$1.39MCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Guatemala () (2022)

Exports from Guatemala () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Guatemala ()

New Zealand Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and New Zealand () (2022)

Comparative Advantage New Zealand - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Guatemala () (2022)

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