Mexico-Guatemala Bilateral Trade Analysis 2023
Complete trade statistics: $3.93B total volume •Mexico surplus: $2.59B
Mexico → Guatemala
$3.26B
Exports (2023)
Guatemala → Mexico
$673.52M
Imports (2023)
Trade Balance
$2.59B
Surplus for Mexico
Total Trade
$3.93B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Mexico and Guatemala. Green line shows exports from Mexico, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Mexico-Guatemala commercial relationship and competitive positioning in global markets.
Mexico → Guatemala Exports
Export Market Intelligence
🎯 Strategic Export Focus
Mexico's export portfolio to Guatemala demonstrates strategic specialization, with electrical energy representing a key competitive advantage in this bilateral market.
Guatemala → Mexico Imports
Import Dependency Profile
📦 Import Strategy Analysis
Mexico's import pattern from Guatemala reveals significant dependencyin vegetable oils: palm oil and its fractions, crude, not chemically modified, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Mexico demonstrates competitive strength in exportingelectrical energy to Guatemala, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $3.93B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Mexico-Guatemala Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $3.93 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Mexico maintains a surplus of $2.59 billion
- Export Focus: Mexico's primary exports include electrical energy, reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen, insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors
- Import Dependencies: Key imports from Guatemala include vegetable oils: palm oil and its fractions, crude, not chemically modified, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter, rubber: technically specified natural rubber (tsnr), in primary forms or in plates, sheets or strip (excluding latex and smoked sheets)
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 $3.93B 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 Mexico leveraging its comparative advantages in electrical energy.
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
Mexico's specialization in electrical energycomplements Guatemala's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vegetable oils: palm oil and its fractions, crude, not chemically modified.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $3.93B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $3.93B 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 $3.93 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in electrical energy and vegetable oils: palm oil and its fractions, crude, not chemically modified demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Mexico's trade surplus of $2.59 billion 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 Mexico and Guatemala represents a total trade volume of $3.93 billion in 2023. This partnership demonstrates a favorable trade balance for Mexico, with exports exceeding importsby $2.59 billion.
Export Strengths
Mexico's exports to Guatemala total $3.26 billion, with competitive advantages in electrical energy, representing $128.44M or3.9% of bilateral exports.
Import Dependencies
Imports from Guatemala amount to $673.52 million, highlighting economic interdependence in vegetable oils: palm oil and its fractions, crude, not chemically modified, with Vegetable oils: palm oil and its fractions, crude, not chemically modified comprising14.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Mexico'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 Mexico and Guatemala in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023