Nepal (NPL) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Nepal-Guatemala Trade: In 2022, Nepal exported $2.24k to Guatemala. The main products that Nepal exported to Guatemala were Party Decorations ($1.22k), Iron Housewares ($993), and Sauces and Seasonings ($28). Over the past 7 years the exports of Nepal to Guatemala have increased at an annualized rate of 23.5%, from $513 in 2015 to $2.24k in 2022.

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

Guatemala-Nepal Trade: In 2022, Guatemala exported $3.02M to Nepal. The main products that Guatemala exported to Nepal were Nutmeg, mace and cardamons ($3.01M), Sowing Seeds ($12.2k), and Knit Sweaters ($1.45k). Over the past 7 years the exports of Guatemala to Nepal have decreased at an annualized rate of 21%, from $9.82M in 2015 to $3.02M in 2022.

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

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $2.24k to Guatemala. The main products exported from Nepal to Guatemala were Party Decorations ($1.22k), Iron Housewares ($993), and Sauces and Seasonings ($28). During the last 7 years the exports of Nepal to Guatemala have increased at an annualized rate of 23.5%, from $513 in 2015 to $2.24k in 2022.

In 2017, Guatemala exported $3.02M to Nepal. The main products exported from Guatemala to Nepal were Nutmeg, mace and cardamons ($3.01M), Sowing Seeds ($12.2k), and Knit Sweaters ($1.45k). During the last 5 years the exports of Guatemala to Nepal have decreased at an annualized rate of 21%, from $9.82M in 2022 to $3.02M in 2017.

Exports from Nepal () to Guatemala () (2022)

Exports from Guatemala () to Nepal () (2022)

Latest Data

Trade between Nepal () and Guatemala ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Nepal than Guatemala included India ($956M), Singapore ($25.5M), and Central African Republic ($8.88M).

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

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

Comparative Advantage Nepal - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Guatemala in the exports of Miscellaneous ($1.22k), Metals ($993), and Foodstuffs ($28).

During 2017, Guatemala had a large net trade with Nepal in the exports of Vegetable Products ($3.02M), Textiles ($2.12k), and Foodstuffs ($6).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Guatemala+$4.9kIron Housewares

Top Product Potential Guatemala Nepal+$25.9kSowing Seeds

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

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Historical Data

Bilateral Trade by Products

Exports from Nepal () to Guatemala () (2022)

Exports from Guatemala () to Nepal () (2022)

Latest Data

Trade between Nepal () and Guatemala ()

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Nepal - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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