2022
Flag  
GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP
$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP GROWTH
-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
GDP PC 
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186
2022
Flag
GDP PC
$6,716CURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP PC GROWTH
-57.4%CURRENT US$
Rnk 185 / 186

About

Guatemala-Libya Trade: In 2022, Guatemala exported $892k to Libya. The main products that Guatemala exported to Libya were Nutmeg, mace and cardamons ($831k), Jams ($43.2k), and Prepared Cereals ($17.6k). Over the past 5 years the exports of Guatemala to Libya have decreased at an annualized rate of 52.6%, from $37.3M in 2017 to $892k in 2022.

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

Libya-Guatemala In N/A, Libya did not export any products to Guatemala.

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

Comparison: In 2022,  Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). That same year, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $892k to Libya. The main products exported from Guatemala to Libya were Nutmeg, mace and cardamons ($831k), Jams ($43.2k), and Prepared Cereals ($17.6k). During the last 5 years the exports of Guatemala to Libya have decreased at an annualized rate of 52.6%, from $37.3M in 2017 to $892k in 2022.

Libya does not register exports to Guatemala.

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

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

Latest Data

Trade between Guatemala (Flag) and Libya (Flag)

Guatemala Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.23B
Libya
Top Destination
Italy$9.26B

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

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

In 2022, countries that imported more from Libya than Guatemala included Italy ($9.26B), Germany ($3.32B), and Spain ($3.48B).

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

Comparative Advantage Guatemala - Libya

Flow
Scale

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

During 2022, Guatemala had a large net trade with Libya in the exports of Vegetable Products ($831k) and Foodstuffs ($60.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Libya+$35.9kPrepared Cereals
Top Product Potential Libya Guatemala+$4.04kRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Guatemala (Flag) and Libya (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with