2022
Exports
$1.06MWorld Rnk 54 / 157
Flag Rnk 431 / 1099
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$7.57MWorld Rnk 68 / 215
Flag Rnk 431 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.06M in Silicone, making it the 54th largest exporter of Silicone in the world. At the same year, Silicone was the 431st most exported product in Guatemala. The main destination of Silicone exports from Guatemala are: El Salvador ($357k), Honduras ($225k), Costa Rica ($150k), Panama ($121k), and Jamaica ($110k).

The fastest growing export markets for Silicone of Guatemala between 2021 and 2022 were El Salvador ($179k), Jamaica ($110k), and Panama ($99.5k).

Imports In 2022, Guatemala imported $7.57M in Silicone, becoming the 68th largest importer of Silicone in the world. At the same year, Silicone was the 431st most imported product in Guatemala. Guatemala imports Silicone primarily from: United States ($2.15M), China ($2.01M), Mexico ($1.3M), Germany ($503k), and Brazil ($417k).

The fastest growing import markets in Silicone for Guatemala between 2021 and 2022 were China ($1.48M), Mexico ($239k), and Hong Kong ($189k).

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 Silicone. 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)$1.06M
IMPORTS (2022)$7.57M
NET TRADE (2022)-$6.51M

In 2022, Guatemala exported $1.06M in Silicone. The main destinations of Guatemala exports on Silicone were El Salvador ($357k), Honduras ($225k), Costa Rica ($150k), Panama ($121k), and Jamaica ($110k).

In 2022, Guatemala imported $7.57M in Silicone, mainly from United States ($2.15M), China ($2.01M), Mexico ($1.3M), Germany ($503k), and Brazil ($417k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$179k (100%)
Jamaica$110k (1%)
Panama$99.5k (461%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Guatemala WERE (2021 - 2022):
Nicaragua-$70.2k (-86.1%)
Brazil-$14.2k (-100%)
Ecuador-$13.1k (-42.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Silicone were:
In 2022, Guatemala's main importing competitors in Silicone were:

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $48.7k
TOP IMPORT POTENTIALChina+ $859k

Silicone’s highest export potential is Mexico. With an export gap of $48.7k.   Silicone’s highest import potential is China with an import gap of $859k.

See methodology.

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