Guatemala-Nicaragua Bilateral Trade Analysis 2023
Complete trade statistics: $1.17B total volume •Guatemala surplus: $820.88M
Guatemala → Nicaragua
$995.56M
Exports (2023)
Nicaragua → Guatemala
$174.68M
Imports (2023)
Trade Balance
$820.88M
Surplus for Guatemala
Total Trade
$1.17B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guatemala and Nicaragua. 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-Nicaragua commercial relationship and competitive positioning in global markets.
Guatemala → Nicaragua Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guatemala's export portfolio to Nicaragua demonstrates strategic specialization, with fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed representing a key competitive advantage in this bilateral market.
Nicaragua → Guatemala Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guatemala's import pattern from Nicaragua reveals significant dependencyin meat: of bovine animals, boneless cuts, frozen, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guatemala demonstrates competitive strength in exportingfabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed to Nicaragua, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.17B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guatemala-Nicaragua Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.17 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Guatemala maintains a surplus of $820.88 million
- Export Focus: Guatemala's primary exports include fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale
- Import Dependencies: Key imports from Nicaragua include meat: of bovine animals, boneless cuts, frozen, meat: of bovine animals, boneless cuts, fresh or chilled, dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)
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 $1.17B 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 fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed.
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 fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyedcomplements Nicaragua's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in meat: of bovine animals, boneless cuts, frozen.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.17B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.17B 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 $1.17 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed and meat: of bovine animals, boneless cuts, frozen demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guatemala's trade surplus of $820.88 million strengthens 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 Nicaragua represents a total trade volume of $1.17 billion in 2023. This partnership demonstrates a favorable trade balance for Guatemala, with exports exceeding importsby $820.88 million.
Export Strengths
Guatemala's exports to Nicaragua total $995.56 million, with competitive advantages in fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed, representing $123.75M or12.4% of bilateral exports.
Import Dependencies
Imports from Nicaragua amount to $174.68 million, highlighting economic interdependence in meat: of bovine animals, boneless cuts, frozen, with Meat: of bovine animals, boneless cuts, frozen comprising13.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Guatemala's competitive position in this bilateral relationship. 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 Nicaragua in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023