Viet Nam-Guatemala Bilateral Trade Analysis 2023
Complete trade statistics: $507.34M total volume •Viet Nam surplus: $507.34M
Viet Nam → Guatemala
$507.34M
Exports (2023)
Guatemala → Viet Nam
$0
Imports (2023)
Trade Balance
$507.34M
Surplus for Viet Nam
Total Trade
$507.34M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Viet Nam and Guatemala. Green line shows exports from Viet Nam, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Viet Nam-Guatemala commercial relationship and competitive positioning in global markets.
Viet Nam → Guatemala Exports
Export Market Intelligence
🎯 Strategic Export Focus
Viet Nam's export portfolio to Guatemala demonstrates strategic specialization, with telephone sets n.e.c. in item no. 8517.1 representing a key competitive advantage in this bilateral market.
Guatemala → Viet Nam Imports
Import Dependency Profile
📦 Import Strategy Analysis
Viet Nam's import pattern from Guatemala reveals significant dependencyin fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Viet Nam demonstrates competitive strength in exportingtelephone sets n.e.c. in item no. 8517.1 to Guatemala, 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: Viet Nam-Guatemala Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $507.34 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Viet Nam maintains a surplus of $507.34 million
- Export Focus: Viet Nam's primary exports 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
- Import Dependencies: Key imports from Guatemala 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
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 Viet Nam leveraging its comparative advantages in telephone sets n.e.c. in item no. 8517.1.
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
Viet Nam's specialization in telephone sets n.e.c. in item no. 8517.1complements Guatemala's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
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 telephone sets n.e.c. in item no. 8517.1 and fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Viet Nam's trade surplus of $507.34 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 Viet Nam and Guatemala represents a total trade volume of $507.34 million in 2023. This partnership demonstrates a favorable trade balance for Viet Nam, with exports exceeding importsby $507.34 million.
Export Strengths
Viet Nam's exports to Guatemala total $507.34 million, with competitive advantages in telephone sets n.e.c. in item no. 8517.1, representing $242.30M or47.8% of bilateral exports.
Import Dependencies
Imports from Guatemala amount to $0.00, highlighting economic interdependence in fish: frozen, yellowfin tunas (thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, with Fish: frozen, yellowfin tunas (Thunnus albacares), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Viet Nam'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 Viet Nam and Guatemala in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023