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2023
Flag → Flag
Exports $127MRnk 122 / 216
2023
Flag → Flag
Top Product $33.1MBorates
2023
Flag → Flag
Exports $27.6MRnk 35 / 170
2023
Flag → Flag
Top Product $11.1MNutmeg, mace and cardamons
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
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GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Turkey-Guatemala Trade: In 2023, Turkey exported $127M to Guatemala. The main products that Turkey exported to Guatemala were Borates ($33.1M), Tug Boats ($5.62M), and Raw Iron Bars ($5.32M). Over the past 5 years the exports of Turkey to Guatemala have increased at an annualized rate of 19%, from $53.5M in 2018 to $127M in 2023.

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

Guatemala-Turkey Trade: In 2023, Guatemala exported $27.6M to Turkey. The main products that Guatemala exported to Turkey were Nutmeg, mace and cardamons ($11.1M), Coffee ($4.98M), and Sowing Seeds ($3.28M). Over the past 5 years the exports of Guatemala to Turkey have increased at an annualized rate of 16.7%,  from $12.7M in 2018 to $27.6M in 2023.

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

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $127M to Guatemala. The main products exported from Turkey to Guatemala were Borates ($33.1M), Tug Boats ($5.62M), and Raw Iron Bars ($5.32M). During the last 5 years the exports of Turkey to Guatemala have increased at an annualized rate of 19%, from $53.5M in 2018 to $127M in 2023.

In 2018, Guatemala exported $27.6M to Turkey. The main products exported from Guatemala to Turkey were Nutmeg, mace and cardamons ($11.1M), Coffee ($4.98M), and Sowing Seeds ($3.28M). During the last 5 years the exports of Guatemala to Turkey have increased at an annualized rate of 16.7%, from $12.7M in 2023 to $27.6M in 2018.

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

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

Latest Data

Trade between Turkey (Flag) and Guatemala (Flag)

Turkey Exports

Guatemala Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Turkey than Guatemala included Germany ($24.7B), United Kingdom ($15.1B), and United Arab Emirates ($14.7B).

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

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

Comparative Advantage Turkey - Guatemala

Flow
Scale

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

During 2023, Turkey had a large net trade with Guatemala in the exports of Chemical Products ($42.2M), Metals ($15.3M), and Textiles ($14.5M).

During 2018, Guatemala had a large net trade with Turkey in the exports of Vegetable Products ($21.1M), Foodstuffs ($3.75M), and Plastics and Rubbers ($1.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Guatemala+$2.58MCars
Top Product Potential Guatemala Turkey+$5.97MCoffee

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

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

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