Date,
Time MSK

19.05.2016



Guatemalan-Russian Bilateral Trade in 2015


In 2015 Guatemalan-Russian bilateral trade volume increased by 22% and reached 62.9 million USD compared to 51.7 million USD in 2014.


Guatemalan exports to Russia fell to 6.4 million USD (by 49%) while imports rose to 56.5 million USD (by 45%) (see Figure 1).



Figure 1. 2007-2015 Guatemalan-Russian bilateral trade turnover, million USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Guatemalan-Russian bilateral trade turnover, million USD.png



Guatemalan exports to Russia


Guatemala primarily exports to Russia the following products (see Figure 2, Table 1):



In 2015 the imports of Guatemalan made products in Russia experienced a significant fall. The imports of tobacco and manufactured tobacco substitutes fell by 62%; the imports of beverages, spirits and vinegar- by 61%.


Figure 2. Structure of Guatemalan Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Guatemalan Exports to Russia in 2015.png



Table 1. Key products exported from Guatemala to Russia in 2015. Source: ITC Trade Map.


Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Guatemalan products

Tobacco and manufactured tobacco substitutes

$8,951

$3,438

-62%

0.8

12.6

Coffee, tea, mate and spices

$2,757

$1,810

-34%

0.4

2.3

Sugars and sugar confectionery

$348

$611

76%

0.1

20.2

Edible fruit, nuts, peel of citrus fruit, melons

$0

$292

-

0.00

3.9

Edible vegetables and certain roots and tubers

$148

$139

-6%

0.00

9.3

Beverages, spirits and vinegar

$236

$92

-61%

0.1

27.7

Paper and paperboard, articles of pulp, paper and board

$82

$44

-46%

0.00

9.3

Live trees, plants, bulbs, roots, cut flowers etc

$13

$8

-38%

0.1

13.5



Russian exports to Guatemala


In 2015 Russia has exported to Guatemala the following products (see Figure 3, Table 2):




2015 showed a significant rise in Russian exports to Guatemala of plastics and articles thereof (+7106%). At the same time the exports of machinery, nuclear reactors, boilers (-99%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Guatemala in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Guatemala in 2015.png



Table 2. Key products exported from Russia to Guatemala in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

31

Fertilizers

$32,055

$48,785

52%

11

48

Paper and paperboard, articles of pulp, paper and board

$866

$2,639

205%

0.1

39

Plastics and articles thereof

$33

$2,378

7106%

0

28

Inorganic chemicals, precious metal compound, isotopes

$383

$770

101%

0.3

34

Soaps, lubricants, waxes, candles, modelling pastes

$138

$615

346%

0.1

29

Organic chemicals

$279

$424

52%

0.1

76

Aluminium and articles thereof

$0

$396

-

0

85

Electrical, electronic equipment

$293

$126

-57%

0

87

Vehicles other than railway, tramway

$0

$78

-

0

25

Salt, sulphur, earth, stone, plaster, lime and cement

$0

$78

-

0

22

Beverages, spirits and vinegar

$100

$70

-30%

0.1

72

Iron and steel

$369

$63

-83%

0.1

62

Articles of apparel, accessories, not knit or crochet

$79

$49

-38%

0.1

84

Machinery, nuclear reactors, boilers, etc

$4,227

$33

-99%

0.3



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Guatemala. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Guatemala

GDP in 2014, billion dollars

1,857.461

60.422

GDP in 2015, billion dollars

1,175.996

66.037

Inflation, average consumer prices, %

7.82

3.01

Volume of imported goods, billion dollars

282.6

19.3

Volume of exported goods, billion dollars

492.1

10.8

Population, millions

143.7

16.266


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