Guatemala-Thailand Bilateral Trade Analysis 2023
Complete trade statistics: $263.22M total volume •Guatemala deficit: $263.22M
Guatemala → Thailand
$0
Exports (2023)
Thailand → Guatemala
$263.22M
Imports (2023)
Trade Balance
$263.22M
Deficit for Guatemala
Total Trade
$263.22M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guatemala and Thailand. 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-Thailand commercial relationship and competitive positioning in global markets.
Guatemala → Thailand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guatemala's export portfolio to Thailand demonstrates strategic specialization, with aluminium: waste and scrap representing a key competitive advantage in this bilateral market.
Thailand → Guatemala Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guatemala's import pattern from Thailand reveals significant dependencyin vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guatemala demonstrates competitive strength in exportingaluminium: waste and scrap to Thailand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $263.22M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guatemala-Thailand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $263.22 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guatemala maintains a deficit of $263.22 million
- Export Focus: Guatemala's primary exports include aluminium: waste and scrap, paper or paperboard: waste and scrap, of paper or paperboard n.e.c. in heading no. 4707 and of unsorted waste and scrap, ferrous waste and scrap: n.e.c. in heading no. 7204
- Import Dependencies: Key imports from Thailand include vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, washing machines: household or laundry-type, of a dry linen capacity exceeding 10kg
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 $263.22M 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 aluminium: waste and scrap.
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 aluminium: waste and scrapcomplements Thailand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $263.22M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $263.22M 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 $263.22 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in aluminium: waste and scrap and vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guatemala's trade deficit of $263.22 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 Thailand represents a total trade volume of $263.22 million in 2023. This partnership demonstrates an unfavorable trade balance for Guatemala, with imports exceeding exportsby $263.22 million.
Export Strengths
Guatemala's exports to Thailand total $0.00, with competitive advantages in aluminium: waste and scrap, representing $10.01M orInfinity% of bilateral exports.
Import Dependencies
Imports from Thailand amount to $263.22 million, highlighting economic interdependence in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, with Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 comprising49.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Guatemala's strategic sourcing from Thailand. 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 Thailand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023