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2022
Flag → Flag
Exports $615MRnk 57 / 223
2022
Flag → Flag
Top Product $149MCorn
2022
Flag → Flag
Exports $53.8MRnk 29 / 162
2022
Flag → Flag
Top Product $15.5MRubber
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Brazil-Guatemala Trade: In 2022, Brazil exported $615M to Guatemala. The main products that Brazil exported to Guatemala were Corn ($149M), Cars ($31M), and Large Construction Vehicles ($28.8M). Over the past 5 years the exports of Brazil to Guatemala have increased at an annualized rate of 15.7%, from $297M in 2017 to $615M in 2022.

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

Guatemala-Brazil Trade: In 2022, Guatemala exported $53.8M to Brazil. The main products that Guatemala exported to Brazil were Rubber ($15.5M), Scrap Aluminium ($15.1M), and Borates ($9.68M). Over the past 5 years the exports of Guatemala to Brazil have increased at an annualized rate of 3.1%,  from $46.2M in 2017 to $53.8M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

July, 2024

About

Overview In July 2024, Brazil exported $79.2M and imported $3.04M from Guatemala, resulting in a positive trade balance of $76.2M. Between July 2023 and July 2024 the exports of Brazil have increased by $45.7M (136%) from $33.5M to $79.2M, while imports decreased by $-1.09M (-26.5%) from $4.13M to $3.04M.

Trade In July 2024, the top exports of Brazil to Guatemala were Other Oily Seeds ($25.8M), Cars ($1.77M), Motor vehicle (8701 to 8705) chassis... ($1.68M), Large Construction Vehicles ($1.44M), and Tractors ($1.11M). In July 2024 the top imports of Brazil from Guatemala were Scrap Aluminium ($3.05M), Rubber ($1.07M), Mixed Mineral or Chemical Fertilizers ($828k), Other Oily Seeds ($491k), and Scrap Copper ($335k).

Origins In July 2024 the exports of Brazil were mainly from São Paulo ($20.3M), Rio Grande do Sul ($17.5M), Paraná ($9.42M), Mato Grosso ($7.41M), and Goiás ($6.16M), while imports destinations were mainly São Paulo ($2.21M), Mato Grosso ($404k), Rio de Janeiro ($135k), Paraná ($120k), and Amazonas ($105k).

Growth In July 2024, the increase in Brazil's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Harvesting Machinery ($930k or 931%), Motor-working Tools ($627k or 312k%), and Sawn Wood ($518k or 99.7%). In July 2024, the decrease in Brazil's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Rubber ($-726k or -40.4%) and Scrap Copper ($-419k or -55.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$45.7M(136%)
IMPORT GROWTH (July 2023 - July 2024)$-1.09M(-26.5%)
MAIN EXPORTER (July 2024)São Paulo$20.3M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Guatemala and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $615M to Guatemala. The main products exported from Brazil to Guatemala were Corn ($149M), Cars ($31M), and Large Construction Vehicles ($28.8M). During the last 5 years the exports of Brazil to Guatemala have increased at an annualized rate of 15.7%, from $297M in 2017 to $615M in 2022.

In 2017, Guatemala exported $53.8M to Brazil. The main products exported from Guatemala to Brazil were Rubber ($15.5M), Scrap Aluminium ($15.1M), and Borates ($9.68M). During the last 5 years the exports of Guatemala to Brazil have increased at an annualized rate of 3.1%, from $46.2M in 2022 to $53.8M in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Brazil than Guatemala included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

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

Comparative Advantage Brazil - Guatemala

Flow
Scale

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

During 2022, Brazil had a large net trade with Guatemala in the exports of Vegetable Products ($179M), Machines ($129M), and Transportation ($77.8M).

During 2017, Guatemala had a large net trade with Brazil in the exports of Metals ($18M), Plastics and Rubbers ($16.1M), and Chemical Products ($14.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Guatemala+$13.7MCars
Top Product Potential Guatemala Brazil+$3.49MPesticides

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

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

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