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2023
Flag → Flag
Exports $145MRnk 75 / 137
2023
Flag → Flag
Top Product $94.3MNitrogenous Fertilizers
2023
Flag → Flag
Exports $2.68MRnk 83 / 170
2023
Flag → Flag
Top Product $793kCoffee
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
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GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Russia-Guatemala Trade: In 2023, Russia exported $145M to Guatemala. The main products that Russia exported to Guatemala were Nitrogenous Fertilizers ($94.3M), Mixed Mineral or Chemical Fertilizers ($30.8M), and Potassic Fertilizers ($11.6M). Over the past 5 years the exports of Russia to Guatemala have increased at an annualized rate of 2.01%, from $131M in 2018 to $145M in 2023.

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 2023, Guatemala exported $2.68M to Russia. The main products that Guatemala exported to Russia were Coffee ($793k), Confectionery Sugar ($776k), and Other Processed Fruits and Nuts ($358k). Over the past 5 years the exports of Guatemala to Russia have decreased at an annualized rate of 34.1%,  from $21.6M in 2018 to $2.68M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $3.07M and imported $2.28M from Guatemala, resulting in a positive trade balance of $791k. Between January 2021 and January 2022 the exports of Russia have increased by $525k (20.6%) from $2.55M to $3.07M, while imports decreased by $-341k (-13%) from $2.62M to $2.28M.

Trade In January 2022, the top exports of Russia to Guatemala were Other Uncoated Paper ($770k), Kraft Paper ($382k), Polyacetals ($324k), Iron Wire ($308k), and Nitrites and Nitrates ($276k). In January 2022 the top imports of Russia from Guatemala were Bananas ($1.38M), Raw Tobacco ($332k), Knit T-shirts ($180k), Nutmeg, mace and cardamons ($178k), and Tropical Fruits ($173k).

Origins In January 2022 the exports of Russia were mainly from REPUBLIC OF BURYATIA ($870k), ARKHANGELSK REGION ($512k), VOLOGDA REGION ($491k), PERM TERRITORY ($461k), and KOMI REPUBLIC ($309k), while imports destinations were mainly MOSCOW REGION ($665k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($592k), KRASNODAR TERRITORY ($490k), LENINGRAD REGION ($245k), and TVER REGION ($155k).

Growth In January 2022, the increase in Russia's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Other Uncoated Paper ($740k or 2.47k%), Kraft Paper ($355k or 1.31k%), and Polyacetals ($263k or 427%). In January 2022, the decrease in Russia's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Hard Liquor ($-175k or -98.1%), Nutmeg, mace and cardamons ($-134k or -43%), and Legumes ($-16k or -44%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$525k(20.6%)
IMPORT GROWTH (January 2021 - January 2022)$-341k(-13%)
MAIN EXPORTER (January 2022)REPUBLIC OF BURYATIA$870k

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $145M to Guatemala. The main products exported from Russia to Guatemala were Nitrogenous Fertilizers ($94.3M), Mixed Mineral or Chemical Fertilizers ($30.8M), and Potassic Fertilizers ($11.6M). During the last 5 years the exports of Russia to Guatemala have increased at an annualized rate of 2.01%, from $131M in 2018 to $145M in 2023.

In 2018, Guatemala exported $2.68M to Russia. The main products exported from Guatemala to Russia were Coffee ($793k), Confectionery Sugar ($776k), and Other Processed Fruits and Nuts ($358k). During the last 5 years the exports of Guatemala to Russia have decreased at an annualized rate of 34.1%, from $21.6M in 2023 to $2.68M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Guatemala
Top DestinationUnited States$5.16B

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 2023, countries that imported more from Russia than Guatemala included China ($129B), India ($66.1B), and Turkey ($31B).

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

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

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 2023, Russia had a large net trade with Guatemala in the exports of Chemical Products ($138M), Metals ($5.03M), and Machines ($479k).

During 2018, Guatemala had a large net trade with Russia in the exports of Vegetable Products ($1.35M), Foodstuffs ($1.33M), and Miscellaneous ($376).

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) (2023)

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