Guatemala-Viet Nam Bilateral Trade Analysis 2023
Complete trade statistics: $507.34M total volume •Guatemala deficit: $507.34M
Guatemala → Viet Nam
$0
Exports (2023)
Viet Nam → Guatemala
$507.34M
Imports (2023)
Trade Balance
$507.34M
Deficit for Guatemala
Total Trade
$507.34M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guatemala and Viet Nam. 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-Viet Nam commercial relationship and competitive positioning in global markets.
Guatemala → Viet Nam Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guatemala's export portfolio to Viet Nam demonstrates strategic specialization, with fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 representing a key competitive advantage in this bilateral market.
Viet Nam → Guatemala Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guatemala's import pattern from Viet Nam reveals significant dependencyin telephone sets n.e.c. in item no. 8517.1, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guatemala demonstrates competitive strength in exportingfish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 to Viet Nam, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $507.34M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guatemala-Viet Nam Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $507.34 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guatemala maintains a deficit of $507.34 million
- Export Focus: Guatemala's primary exports include fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, paper or paperboard: waste and scrap, of paper or paperboard n.e.c. in heading no. 4707 and of unsorted waste and scrap, paper or paperboard: waste and scrap, of unbleached kraft paper or paperboard or corrugated paper or paperboard
- Import Dependencies: Key imports from Viet Nam include telephone sets n.e.c. in item no. 8517.1, cement: portland, other than white, whether or not artificially coloured, cotton yarn: (not sewing thread), single, of combed fibres, less than 85% by weight of cotton, less than 232.56 but not less than 192.31 decitex (exceeding 43 but not exceeding 52 metric number), not 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 $507.34M 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 fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
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 fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99complements Viet Nam's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in telephone sets n.e.c. in item no. 8517.1.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $507.34M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $507.34M 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 $507.34 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 and telephone sets n.e.c. in item no. 8517.1 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guatemala's trade deficit of $507.34 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 Viet Nam represents a total trade volume of $507.34 million in 2023. This partnership demonstrates an unfavorable trade balance for Guatemala, with imports exceeding exportsby $507.34 million.
Export Strengths
Guatemala's exports to Viet Nam total $0.00, with competitive advantages in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, representing $3.87M orInfinity% of bilateral exports.
Import Dependencies
Imports from Viet Nam amount to $507.34 million, highlighting economic interdependence in telephone sets n.e.c. in item no. 8517.1, with Telephone sets n.e.c. in item no. 8517.1 comprising47.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Guatemala's strategic sourcing from Viet Nam. 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 Viet Nam in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023