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2023
Flag → Flag
Exports $25MRnk 92 / 211
2023
Flag → Flag
Top Product $2.51MIron Wire
2023
Flag → Flag
Exports $4.56MRnk 75 / 170
2023
Flag → Flag
Top Product $1.27MBananas
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Portugal-Guatemala Trade: In 2023, Portugal exported $25M to Guatemala. The main products that Portugal exported to Guatemala were Iron Wire ($2.51M), Packaged Medicaments ($1.86M), and Building Stone ($1.3M). Over the past 5 years the exports of Portugal to Guatemala have increased at an annualized rate of 5.24%, from $19.4M in 2018 to $25M in 2023.

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

Guatemala-Portugal Trade: In 2023, Guatemala exported $4.56M to Portugal. The main products that Guatemala exported to Portugal were Bananas ($1.27M), Raw Sugar ($1.24M), and Coffee ($875k). Over the past 5 years the exports of Guatemala to Portugal have decreased at an annualized rate of 18.4%,  from $12.6M in 2018 to $4.56M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €1.05M and imported €121k from Guatemala, resulting in a positive trade balance of €933k. Between November 2023 and November 2024 the exports of Portugal have decreased by €-439k (-29.4%) from €1.49M to €1.05M, while imports decreased by €-62.5k (-34.1%) from €183k to €121k.

Trade In November 2024, the top exports of Portugal to Guatemala were Machinery, mechanical appliances, & parts (€179k), Cork & cork articles (€162k), Iron & steel (€149k), Edible fruits, nuts & fruit peels (€67.1k), and Ceramic products (€44.3k). In November 2024 the top imports of Portugal from Guatemala were Coffee, tea, mate & spices (€205k), Knitted clothing accesories (€620), Non-knitted clothing accesories (€585), Miscellaneous edible preparations (€70), and Cotton (€46).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-311k or -63.4%), Paper articles (€-301k or -100%), and Used clothes & textile articles (€-163k or -100%). In November 2024, the decrease in Portugal's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Fish, Crustaceans & Molluscs (€-124k or -100%), Preparations of fish, crustacenas, & molluscs (€-111k or -100%), and Rubber & articles thereof (€-59k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-439k(-29.4%)
IMPORT GROWTH (November 2023 - November 2024)€-62.5k(-34.1%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Guatemala and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $25M to Guatemala. The main products exported from Portugal to Guatemala were Iron Wire ($2.51M), Packaged Medicaments ($1.86M), and Building Stone ($1.3M). During the last 5 years the exports of Portugal to Guatemala have increased at an annualized rate of 5.24%, from $19.4M in 2018 to $25M in 2023.

In 2018, Guatemala exported $4.56M to Portugal. The main products exported from Guatemala to Portugal were Bananas ($1.27M), Raw Sugar ($1.24M), and Coffee ($875k). During the last 5 years the exports of Guatemala to Portugal have decreased at an annualized rate of 18.4%, from $12.6M in 2023 to $4.56M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Portugal than Guatemala included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

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

Comparative Advantage Portugal - Guatemala

Flow
Scale

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

During 2023, Portugal had a large net trade with Guatemala in the exports of Machines ($6.29M), Metals ($3.55M), and Chemical Products ($3.41M).

During 2018, Guatemala had a large net trade with Portugal in the exports of Vegetable Products ($2.16M), Foodstuffs ($1.76M), and Animal Products ($278k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Guatemala+$2.19MPackaged Medicaments
Top Product Potential Guatemala Portugal+$2.3MCoffee

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

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

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