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2022
Exports $2.92MWorld Rnk 96 / 216
Flag Rnk 300 / 1099
2022
Destination $835kN/A
2021 - 2022
FASTEST GROWING MARKET $835kDominican Republic
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions1.9Rnk 10 / 1025
2022
Imports $59MWorld Rnk 91 / 225
Flag Rnk 104 / 1184
2022
Origin $5.23M China
2021 - 2022
FASTEST GROWING ORIGIN $5.23MMalaysia
2022
ECONOMIC COMPLEXITY of Guatemala-0.2Rnk 76 / 133

About

The fastest growing export markets for Machinery Having Individual Functions of Guatemala between 2021 and 2022 were Dominican Republic ($835k), El Salvador ($402k), and Nicaragua ($176k).

Imports In 2022, Guatemala imported $59M in Machinery Having Individual Functions, becoming the 91st largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 104th most imported product in Guatemala. Guatemala imports Machinery Having Individual Functions primarily from: China ($9.7M), Germany ($8.63M), Malaysia ($8.62M), United States ($7.53M), and India ($4.25M).

The fastest growing import markets in Machinery Having Individual Functions for Guatemala between 2021 and 2022 were Malaysia ($5.23M), Germany ($4.96M), and India ($3.56M).

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 Machinery Having Individual Functions. 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)$2.92M
IMPORTS (2022)$59M
NET TRADE (2022)-$56.1M

In 2022, Guatemala imported $59M in Machinery Having Individual Functions, mainly from China ($9.7M), Germany ($8.63M), Malaysia ($8.62M), United States ($7.53M), and India ($4.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Dominican Republic$835k (2.88k%)
El Salvador$402k (72.9%)
Nicaragua$176k (137%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Guatemala WERE (2021 - 2022):
Spain-$84k (-99.9%)
Costa Rica-$56.4k (-54.2%)
United States-$50.8k (-26.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Machinery Having Individual Functions were:
Japan $38.5B
United States $33.1B
Germany $20.9B
In 2022, Guatemala's main importing competitors in Machinery Having Individual Functions were:
China $40.8B
United States $26B
South Korea $22.1B

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $689k
TOP IMPORT POTENTIALChina+ $5.58M

Machinery Having Individual Functions’s highest export potential is Mexico. With an export gap of $689k.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $5.58M.

See methodology.

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