2022
Exports
$72.5MWorld Rnk 54 / 216
Flag Rnk 49 / 1099
2022
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.69Rnk 753 / 1025
2022
Imports
$53.8MWorld Rnk 86 / 222
Flag Rnk 115 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $72.5M in Industrial Fatty Acids, Oils and Alcohols, making it the 54th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 49th most exported product in Guatemala. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Guatemala are: Colombia ($28.4M), Honduras ($9.58M), Costa Rica ($6.64M), South Korea ($5.12M), and El Salvador ($4.43M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Guatemala between 2021 and 2022 were Colombia ($27.9M), Honduras ($3.27M), and Costa Rica ($1.35M).

Imports In 2022, Guatemala imported $53.8M in Industrial Fatty Acids, Oils and Alcohols, becoming the 86th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 115th most imported product in Guatemala. Guatemala imports Industrial Fatty Acids, Oils and Alcohols primarily from: Mexico ($14M), China ($10.5M), United States ($5.98M), Germany ($3.18M), and Costa Rica ($2.53M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Guatemala between 2021 and 2022 were China ($6.75M), Germany ($1.86M), and Mexico ($1.29M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Industrial Fatty Acids, Oils and Alcohols. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$72.5M
IMPORTS (2022)$53.8M
NET TRADE (2022)$18.7M

In 2022, Guatemala exported $72.5M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Guatemala exports on Industrial Fatty Acids, Oils and Alcohols were Colombia ($28.4M), Honduras ($9.58M), Costa Rica ($6.64M), South Korea ($5.12M), and El Salvador ($4.43M).

In 2022, Guatemala imported $53.8M in Industrial Fatty Acids, Oils and Alcohols, mainly from Mexico ($14M), China ($10.5M), United States ($5.98M), Germany ($3.18M), and Costa Rica ($2.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Colombia$27.9M (6.02k%)
Honduras$3.27M (51.8%)
Costa Rica$1.35M (25.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Guatemala WERE (2021 - 2022):
Argentina-$416k (-71.7%)
Uruguay-$233k (-30.8%)
Jamaica-$36.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2022, Guatemala's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMexico+ $1.87M
TOP IMPORT POTENTIALIndonesia+ $450k

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is Mexico. With an export gap of $1.87M.   Industrial Fatty Acids, Oils and Alcohols’s highest import potential is Indonesia with an import gap of $450k.

See methodology.

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