2022
Exports
$3.93MWorld Rnk 60 / 219
Flag Rnk 263 / 1099
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$20.8MWorld Rnk 75 / 220
Flag Rnk 253 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $3.93M in Ball Bearings, making it the 60th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 263rd most exported product in Guatemala. The main destination of Ball Bearings exports from Guatemala are: Honduras ($2.05M), El Salvador ($1.59M), Nicaragua ($82.7k), Mexico ($58.1k), and Costa Rica ($48k).

The fastest growing export markets for Ball Bearings of Guatemala between 2021 and 2022 were El Salvador ($885k), Honduras ($168k), and Dominican Republic ($19.3k).

Imports In 2022, Guatemala imported $20.8M in Ball Bearings, becoming the 75th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 253rd most imported product in Guatemala. Guatemala imports Ball Bearings primarily from: China ($5.36M), United States ($3.65M), Japan ($3.28M), India ($1.32M), and Germany ($674k).

The fastest growing import markets in Ball Bearings for Guatemala between 2021 and 2022 were China ($2.22M), Japan ($1.44M), and India ($893k).

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 Ball Bearings. 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)$3.93M
IMPORTS (2022)$20.8M
NET TRADE (2022)-$16.9M

In 2022, Guatemala exported $3.93M in Ball Bearings. The main destinations of Guatemala exports on Ball Bearings were Honduras ($2.05M), El Salvador ($1.59M), Nicaragua ($82.7k), Mexico ($58.1k), and Costa Rica ($48k).

In 2022, Guatemala imported $20.8M in Ball Bearings, mainly from China ($5.36M), United States ($3.65M), Japan ($3.28M), India ($1.32M), and Germany ($674k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$885k (126%)
Honduras$168k (8.9%)
Dominican Republic$19.3k (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Guatemala WERE (2021 - 2022):
Netherlands-$18.5k (-97%)
Brazil-$9.74k (-85%)
Colombia-$8.72k (-95.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Guatemala's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $256k
TOP IMPORT POTENTIALChina+ $2.94M

Ball Bearings’s highest export potential is Mexico. With an export gap of $256k.   Ball Bearings’s highest import potential is China with an import gap of $2.94M.

See methodology.

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