2022
Flag  
GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 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
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Guatemala-Portugal Trade: In 2022, Guatemala exported $5.11M to Portugal. The main products that Guatemala exported to Portugal were Coffee ($1.56M), Crustaceans ($1.35M), and Processed Crustaceans ($787k). Over the past 5 years the exports of Guatemala to Portugal have decreased at an annualized rate of 24.6%, from $20.9M in 2017 to $5.11M in 2022.

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

Portugal-Guatemala Trade: In 2022, Portugal exported $31.6M to Guatemala. The main products that Portugal exported to Guatemala were Uncoated Paper ($6.06M), Industrial Printers ($2.82M), and Dyeing Finishing Agents ($2.56M). Over the past 5 years the exports of Portugal to Guatemala have increased at an annualized rate of 7.15%,  from $22.4M in 2017 to $31.6M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $5.11M to Portugal. The main products exported from Guatemala to Portugal were Coffee ($1.56M), Crustaceans ($1.35M), and Processed Crustaceans ($787k). During the last 5 years the exports of Guatemala to Portugal have decreased at an annualized rate of 24.6%, from $20.9M in 2017 to $5.11M in 2022.

In 2017, Portugal exported $31.6M to Guatemala. The main products exported from Portugal to Guatemala were Uncoated Paper ($6.06M), Industrial Printers ($2.82M), and Dyeing Finishing Agents ($2.56M). During the last 5 years the exports of Portugal to Guatemala have increased at an annualized rate of 7.15%, from $22.4M in 2022 to $31.6M in 2017.

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

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

Latest Data

Trade between Guatemala (Flag) and Portugal (Flag)

Guatemala Exports

Portugal Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.23B
Portugal
Top Destination
Spain$20.5B

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

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

In 2022, countries that imported more from Portugal than Guatemala included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Guatemala - Portugal

Flow
Scale

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

During 2022, Guatemala had a large net trade with Portugal in the exports of Vegetable Products ($1.83M), Animal Products ($1.56M), and Foodstuffs ($1.28M).

During 2017, Portugal had a large net trade with Guatemala in the exports of Machines ($7.84M), Paper Goods ($6.19M), and Chemical Products ($4.77M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Guatemala Portugal+$2.3MCoffee
Top Product Potential Portugal Guatemala+$2.19MPackaged Medicaments

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

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

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