2022
Flag  
GDP
$529BCURRENT US$
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2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$5,473CURRENT US$
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2012-2022
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GDP PC GROWTH
63.1%CURRENT US$
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About

Ireland-Guatemala Trade: In 2022, Ireland exported $52.1M to Guatemala. The main products that Ireland exported to Guatemala were Malt Extract ($16.3M), Packaged Medicaments ($9.87M), and Coffee and Tea Extracts ($8.15M). Over the past 5 years the exports of Ireland to Guatemala have increased at an annualized rate of 26.6%, from $16M in 2017 to $52.1M in 2022.

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

Guatemala-Ireland Trade: In 2022, Guatemala exported $7.35M to Ireland. The main products that Guatemala exported to Ireland were Legumes ($3.37M), Coffee ($1.15M), and Bananas ($779k). Over the past 5 years the exports of Guatemala to Ireland have decreased at an annualized rate of 0.056%,  from $7.4M in 2017 to $7.35M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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
Value

In 2022, Ireland exported $52.1M to Guatemala. The main products exported from Ireland to Guatemala were Malt Extract ($16.3M), Packaged Medicaments ($9.87M), and Coffee and Tea Extracts ($8.15M). During the last 5 years the exports of Ireland to Guatemala have increased at an annualized rate of 26.6%, from $16M in 2017 to $52.1M in 2022.

In 2017, Guatemala exported $7.35M to Ireland. The main products exported from Guatemala to Ireland were Legumes ($3.37M), Coffee ($1.15M), and Bananas ($779k). During the last 5 years the exports of Guatemala to Ireland have decreased at an annualized rate of 0.056%, from $7.4M in 2022 to $7.35M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Guatemala
Top Destination
United States$5.23B

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

In 2022, countries that imported more from Ireland than Guatemala included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

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

Comparative Advantage Ireland - Guatemala

Flow
Scale

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

During 2022, Ireland had a large net trade with Guatemala in the exports of Foodstuffs ($24.8M), Chemical Products ($16.7M), and Machines ($5.1M).

During 2017, Guatemala had a large net trade with Ireland in the exports of Vegetable Products ($5.7M), Textiles ($820k), and Machines ($408k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Guatemala+$10.2MPackaged Medicaments
Top Product Potential Guatemala Ireland+$1.7MCoffee

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

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

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