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2023
Flag → Flag
Exports $56.5MRnk 86 / 216
2023
Flag → Flag
Top Product $13.3MKraft Paper
2023
Flag → Flag
Exports $5.54MRnk 71 / 170
2023
Flag → Flag
Top Product $1.42MBananas
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Sweden-Guatemala Trade: In 2023, Sweden exported $56.5M to Guatemala. The main products that Sweden exported to Guatemala were Kraft Paper ($13.3M), Packaged Medicaments ($11.8M), and Cars ($6.05M). Over the past 5 years the exports of Sweden to Guatemala have increased at an annualized rate of 12.7%, from $31.1M in 2018 to $56.5M in 2023.

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

Guatemala-Sweden Trade: In 2023, Guatemala exported $5.54M to Sweden. The main products that Guatemala exported to Sweden were Bananas ($1.42M), Hard Liquor ($1.07M), and Nutmeg, mace and cardamons ($662k). Over the past 5 years the exports of Guatemala to Sweden have decreased at an annualized rate of 23.1%,  from $20.7M in 2018 to $5.54M in 2023.

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

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). 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, Sweden exported SEK17.6M and imported SEK4.38M from Guatemala, resulting in a positive trade balance of SEK13.3M. Between November 2023 and November 2024 the exports of Sweden have decreased by SEK-3.77M (-17.6%) from SEK21.4M to SEK17.6M, while imports decreased by SEK-3M (-40.7%) from SEK7.38M to SEK4.38M.

Trade In November 2024, the top exports of Sweden to Guatemala were Kraft Paper (SEK18.5M), Cars (SEK9.03M), Other Uncoated Paper (SEK4.17M), Other Edible Preparations (SEK2M), and Cellulose (SEK1.27M). In November 2024 the top imports of Sweden from Guatemala were Bananas (SEK2.27M), House Linens (SEK292k), Baked Goods (SEK253k), Essential Oils (SEK181k), and Cocoa Beans (SEK6k).

Growth In November 2024, the decrease in Sweden's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Washing and Bottling Machines (SEK-1.89M or -99.7%), Gas and Liquid Flow Measuring Instruments (SEK-445k or -99.3%), and Excavation Machinery (SEK-240k or -71.4%). In November 2024, the decrease in Sweden's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)SEK-3.77M(-17.6%)
IMPORT GROWTH (November 2023 - November 2024)SEK-3M(-40.7%)

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $56.5M to Guatemala. The main products exported from Sweden to Guatemala were Kraft Paper ($13.3M), Packaged Medicaments ($11.8M), and Cars ($6.05M). During the last 5 years the exports of Sweden to Guatemala have increased at an annualized rate of 12.7%, from $31.1M in 2018 to $56.5M in 2023.

In 2018, Guatemala exported $5.54M to Sweden. The main products exported from Guatemala to Sweden were Bananas ($1.42M), Hard Liquor ($1.07M), and Nutmeg, mace and cardamons ($662k). During the last 5 years the exports of Guatemala to Sweden have decreased at an annualized rate of 23.1%, from $20.7M in 2023 to $5.54M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Sweden than Guatemala included Germany ($18.4B), Denmark ($14.4B), and United States ($18.1B).

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

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

Comparative Advantage Sweden - Guatemala

Flow
Scale

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

During 2023, Sweden had a large net trade with Guatemala in the exports of Paper Goods ($17.6M), Chemical Products ($17.1M), and Machines ($8.69M).

During 2018, Guatemala had a large net trade with Sweden in the exports of Foodstuffs ($2.47M), Vegetable Products ($2.24M), and Textiles ($495k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Guatemala+$6.38MPackaged Medicaments
Top Product Potential Guatemala Sweden+$2.96MCoffee

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

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

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