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Pricing

2022
Flag → Flag
Exports $49.7MRnk 89 / 217
2022
Flag → Flag
Top Product $11.4MPackaged Medicaments
2022
Flag → Flag
Exports $9.82MRnk 58 / 162
2022
Flag → Flag
Top Product $2.46MNutmeg, mace and cardamons
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Sweden-Guatemala Trade: In 2022, Sweden exported $49.7M to Guatemala. The main products that Sweden exported to Guatemala were Packaged Medicaments ($11.4M), Kraft Paper ($9.66M), and Cars ($2.89M). Over the past 5 years the exports of Sweden to Guatemala have increased at an annualized rate of 8.95%, from $32.4M in 2017 to $49.7M in 2022.

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

Guatemala-Sweden Trade: In 2022, Guatemala exported $9.82M to Sweden. The main products that Guatemala exported to Sweden were Nutmeg, mace and cardamons ($2.46M), Coffee ($1.77M), and Hard Liquor ($1.43M). Over the past 5 years the exports of Guatemala to Sweden have increased at an annualized rate of 16.9%,  from $4.51M in 2017 to $9.82M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK27.8M and imported SEK6.36M from Guatemala, resulting in a positive trade balance of SEK21.5M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-1.15M (-3.98%) from SEK29M to SEK27.8M, while imports increased by SEK3.59M (129%) from SEK2.78M to SEK6.36M.

Trade In August 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 August 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 August 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 August 2024, the increase in Sweden's year-by-year imports  from Guatemala was explained primarily by an increase in product imports  in House Linens (SEK141k or 93.4%), Cocoa Beans (SEK4k or 200%), and Essential Oils (SEK1k or 0.56%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-1.15M(-3.98%)
IMPORT GROWTH (August 2023 - August 2024)SEK3.59M(129%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $49.7M to Guatemala. The main products exported from Sweden to Guatemala were Packaged Medicaments ($11.4M), Kraft Paper ($9.66M), and Cars ($2.89M). During the last 5 years the exports of Sweden to Guatemala have increased at an annualized rate of 8.95%, from $32.4M in 2017 to $49.7M in 2022.

In 2017, Guatemala exported $9.82M to Sweden. The main products exported from Guatemala to Sweden were Nutmeg, mace and cardamons ($2.46M), Coffee ($1.77M), and Hard Liquor ($1.43M). During the last 5 years the exports of Guatemala to Sweden have increased at an annualized rate of 16.9%, from $4.51M in 2022 to $9.82M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Guatemala
Top DestinationUnited States$5.23B

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 2022, countries that imported more from Sweden than Guatemala included Germany ($19.2B), Norway ($18.7B), and Denmark ($14.6B).

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

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

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 2022, Sweden had a large net trade with Guatemala in the exports of Chemical Products ($16.6M), Paper Goods ($12.9M), and Machines ($9.95M).

During 2017, Guatemala had a large net trade with Sweden in the exports of Vegetable Products ($5.53M), Foodstuffs ($1.9M), and Metals ($1.69M).

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) (2022)

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