India (IND) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

About

India-Guatemala In 2022, India exported $676M to Guatemala. The main products that India exported to Guatemala are Motorcycles and cycles ($114M), Packaged Medicaments ($104M), and Non-Retail Pure Cotton Yarn ($45M). During the last 27 years the exports of India to Guatemala have increased at an annualized rate of 20.5%, from $4.4M in 1995 to $676M in 2022.

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

Guatemala-India In 2022, Guatemala exported $17.9M to India. The main products that Guatemala exported to India were Rough Wood ($4.94M), Nutmeg, mace and cardamons ($3.76M), and Blank Audio Media ($3.33M). During the last 27 years the exports of Guatemala to India have increased at an annualized rate of 21.6%, from $91.6k in 1995 to $17.9M in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Latest Trends

February, 2024

About

Overview In February 2024, India exported $47.2M and imported $1.4M from Guatemala, resulting in a positive trade balance of $45.8M. Between February 2023 and February 2024 the exports of India have increased by $12.3M (35.2%) from $34.9M to $47.2M, while imports decreased by $-243k (-14.8%) from $1.64M to $1.4M.

Trade In February 2024, the top exports of India to Guatemala were Two And Three Wheelers ($5.25M), Drug Formulations, Biologicals ($3.87M), Motor Vehicle/Cars ($2.66M), Cotton Yarn ($2.15M), and Agro Chemicals ($2.06M). In February 2024 the top imports of India from Guatemala were Other Wood And Wood Products ($915k), Paper, Paper Board And Product ($365k), Iron And Steel ($270k), Spices ($77.5k), and Alcoholic Beverages ($23.1k).

Growth In February 2024, the increase in India's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Cosmetics And Toiletries ($223k or 152%), Dyes ($207k or 94.7%), and Ayush And Herbal Products ($172k or 465%). In February 2024, the decrease in India's year-by-year imports from Guatemala was explained primarily by an decrease in product imports in Spices ($-149k or -65.7%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$12.3M(35.2%)

IMPORT GROWTH (February 2023 - February 2024)$-243k(-14.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Guatemala and India Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $676M to Guatemala. The main products exported from India to Guatemala were Motorcycles and cycles ($114M), Packaged Medicaments ($104M), and Non-Retail Pure Cotton Yarn ($45M). During the last 27 years the exports of India to Guatemala have increased at an annualized rate of 20.5%, from $4.4M in 1995 to $676M in 2022.

In 2022, Guatemala exported $17.9M to India. The main products exported from Guatemala to India were Rough Wood ($4.94M), Nutmeg, mace and cardamons ($3.76M), and Blank Audio Media ($3.33M). During the last 27 years the exports of Guatemala to India have increased at an annualized rate of 21.6%, from $91.6k in 1995 to $17.9M in 2022.

Exports from India () to Guatemala () (2022)

Exports from Guatemala () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Guatemala
Top DestinationUnited States$5.23B

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

In 2021, countries that imported more from India than Guatemala were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Guatemala than India were El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

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

Comparative Advantage India - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Guatemala in the exports of Chemical Products ($192M), Transportation ($186M), and Textiles ($126M).

During 2022, Guatemala had a large net trade with India in the exports of Wood Products ($5.14M), Vegetable Products ($4.35M), and Machines ($3.35M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Guatemala. Similarly, the more yellow a dot/product is, the more Guatemala has comparative advantage over India.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from India () to Guatemala () (2022)

Exports from Guatemala () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Guatemala

Economic Complexity

Competitive Landscape

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

Keep Exploring