2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 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 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
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About

Russia-Guatemala Trade: In 2022, Russia exported $244M to Guatemala. The main products that Russia exported to Guatemala were Nitrogenous Fertilizers ($139M), Mixed Mineral or Chemical Fertilizers ($48.8M), and Vaccines, blood, antisera, toxins and cultures ($32.5M). Over the past 5 years the exports of Russia to Guatemala have increased at an annualized rate of 27.8%, from $71.6M in 2017 to $244M in 2022.

In 2020, Russia exported services to Guatemala worth $677k, with Other business services ($545k), Transportation ($70k), and Computer and information services ($40k) being the largest in terms of value.

Guatemala-Russia Trade: In 2022, Guatemala exported $6.64M to Russia. The main products that Guatemala exported to Russia were Coffee ($3.59M), Confectionery Sugar ($1.19M), and Nutmeg, mace and cardamons ($586k). Over the past 5 years the exports of Guatemala to Russia have decreased at an annualized rate of 19%,  from $19.1M in 2017 to $6.64M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). 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, Russia exported $244M to Guatemala. The main products exported from Russia to Guatemala were Nitrogenous Fertilizers ($139M), Mixed Mineral or Chemical Fertilizers ($48.8M), and Vaccines, blood, antisera, toxins and cultures ($32.5M). During the last 5 years the exports of Russia to Guatemala have increased at an annualized rate of 27.8%, from $71.6M in 2017 to $244M in 2022.

In 2017, Guatemala exported $6.64M to Russia. The main products exported from Guatemala to Russia were Coffee ($3.59M), Confectionery Sugar ($1.19M), and Nutmeg, mace and cardamons ($586k). During the last 5 years the exports of Guatemala to Russia have decreased at an annualized rate of 19%, from $19.1M in 2022 to $6.64M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from Russia than Guatemala included China ($101B), India ($40.4B), and Germany ($27.7B).

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

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

Comparative Advantage Russia - Guatemala

Flow
Scale

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

During 2022, Russia had a large net trade with Guatemala in the exports of Chemical Products ($230M), Paper Goods ($6.68M), and Metals ($5.26M).

During 2017, Guatemala had a large net trade with Russia in the exports of Vegetable Products ($4.59M), Foodstuffs ($2.04M), and Plastics and Rubbers ($556).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Guatemala+$3.84MPotassic Fertilizers
Top Product Potential Guatemala Russia+$5.94MCoffee

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

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

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