Guatemala-Colombia Bilateral Trade Analysis 2023
Complete trade statistics: $441.60M total volume •Guatemala deficit: $441.60M
Guatemala → Colombia
$0
Exports (2023)
Colombia → Guatemala
$441.60M
Imports (2023)
Trade Balance
$441.60M
Deficit for Guatemala
Total Trade
$441.60M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guatemala and Colombia. Green line shows exports from Guatemala, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Guatemala-Colombia commercial relationship and competitive positioning in global markets.
Guatemala → Colombia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guatemala's export portfolio to Colombia demonstrates strategic specialization, with chemical products, mixtures and preparations: n.e.c. heading 3824 representing a key competitive advantage in this bilateral market.
Colombia → Guatemala Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guatemala's import pattern from Colombia reveals significant dependencyin coal: bituminous, whether or not pulverised, but not agglomerated, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guatemala demonstrates competitive strength in exportingchemical products, mixtures and preparations: n.e.c. heading 3824 to Colombia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $441.60M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guatemala-Colombia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $441.60 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guatemala maintains a deficit of $441.60 million
- Export Focus: Guatemala's primary exports include chemical products, mixtures and preparations: n.e.c. heading 3824, rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
- Import Dependencies: Key imports from Colombia include coal: bituminous, whether or not pulverised, but not agglomerated, refrigerators and freezers: combined refrigerator-freezers, fitted with separate external doors, electric or other, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $441.60M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Guatemala leveraging its comparative advantages in chemical products, mixtures and preparations: n.e.c. heading 3824.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Guatemala's specialization in chemical products, mixtures and preparations: n.e.c. heading 3824complements Colombia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in coal: bituminous, whether or not pulverised, but not agglomerated.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $441.60M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $441.60M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $441.60 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in chemical products, mixtures and preparations: n.e.c. heading 3824 and coal: bituminous, whether or not pulverised, but not agglomerated demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guatemala's trade deficit of $441.60 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Guatemala and Colombia represents a total trade volume of $441.60 million in 2023. This partnership demonstrates an unfavorable trade balance for Guatemala, with imports exceeding exportsby $441.60 million.
Export Strengths
Guatemala's exports to Colombia total $0.00, with competitive advantages in chemical products, mixtures and preparations: n.e.c. heading 3824, representing $17.27M orInfinity% of bilateral exports.
Import Dependencies
Imports from Colombia amount to $441.60 million, highlighting economic interdependence in coal: bituminous, whether or not pulverised, but not agglomerated, with Coal: bituminous, whether or not pulverised, but not agglomerated comprising26.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Guatemala's strategic sourcing from Colombia. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Guatemala and Colombia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023