Georgia (GEO) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Georgia-Guatemala Trade: In 2022, Georgia exported $158k to Guatemala. The main products that Georgia exported to Guatemala were Hair Products ($50.4k), Microphones and Headphones ($27.5k), and Knit T-shirts ($12.2k). Over the past 6 years the exports of Georgia to Guatemala have decreased at an annualized rate of 22.2%, from $709k in 2016 to $158k in 2022.

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

Guatemala-Georgia Trade: In 2022, Guatemala exported $110k to Georgia. The main products that Guatemala exported to Georgia were N/A. Over the past 6 years the exports of Guatemala to Georgia have increased at an annualized rate of 132%, from $710 in 2016 to $110k in 2022.

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

Comparison: In 2022, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Georgia exported $158k to Guatemala. The main products exported from Georgia to Guatemala were Hair Products ($50.4k), Microphones and Headphones ($27.5k), and Knit T-shirts ($12.2k). During the last 6 years the exports of Georgia to Guatemala have decreased at an annualized rate of 22.2%, from $709k in 2016 to $158k in 2022.

In 2016, Guatemala exported $110k to Georgia. There were not main exports from Guatemala to Georgia in 2016. During the last 5 years the exports of Guatemala to Georgia have increased at an annualized rate of 132%, from $710 in 2021 to $110k in 2016.

Exports from Georgia () to Guatemala () (2022)

Exports from Guatemala () to Georgia () (2022)

Latest Data

Trade between Georgia () and Guatemala ()

Georgia Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationChina$759M

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Georgia than Guatemala included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

In 2022, countries that imported more from Guatemala than Georgia included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

Difference in imports from Guatemala () and Georgia () (2022)

Comparative Advantage Georgia - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Georgia had a large net trade with Guatemala in the exports of Chemical Products ($66.1k), Machines ($49k), and Textiles ($20.5k).

During 2016, Guatemala had a large net trade with Georgia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Guatemala+$41.1kKnit T-shirts

Top Product Potential Guatemala Georgia+$2.73kRaw Sugar

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

Year

This visualization shows the product space at the HS4 level with the flags of Georgia and Guatemala. This means that a dot/product with the flag of Georgia indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Georgia.

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Guatemala () (2022)

Exports from Guatemala () to Georgia () (2022)

Latest Data

Trade between Georgia () and Guatemala ()

Georgia Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Georgia () (2022)

Comparative Advantage Georgia - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Guatemala () (2022)

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