2022
Exports
$730kWorld Rnk 59 / 123
Flag Rnk 481 / 1099
2022
PRODUCT COMPLEXITY IN Petroleum Resins
1.53Rnk 46 / 1025
2022
Imports
$11.7MWorld Rnk 55 / 197
Flag Rnk 341 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $730k in Petroleum Resins, making it the 59th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 481st most exported product in Guatemala. The main destination of Petroleum Resins exports from Guatemala are: El Salvador ($442k), Mexico ($88.2k), Nicaragua ($59.8k), Panama ($53.9k), and Colombia ($31.3k).

The fastest growing export markets for Petroleum Resins of Guatemala between 2021 and 2022 were Mexico ($87.8k), Panama ($53.3k), and Nicaragua ($45.3k).

Imports In 2022, Guatemala imported $11.7M in Petroleum Resins, becoming the 55th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 341st most imported product in Guatemala. Guatemala imports Petroleum Resins primarily from: United States ($8.41M), Canada ($1.01M), Germany ($888k), Mexico ($489k), and China ($260k).

The fastest growing import markets in Petroleum Resins for Guatemala between 2021 and 2022 were United States ($2.77M), Canada ($634k), and Germany ($257k).

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 Petroleum Resins. 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)$730k
IMPORTS (2022)$11.7M
NET TRADE (2022)-$10.9M

In 2022, Guatemala exported $730k in Petroleum Resins. The main destinations of Guatemala exports on Petroleum Resins were El Salvador ($442k), Mexico ($88.2k), Nicaragua ($59.8k), Panama ($53.9k), and Colombia ($31.3k).

In 2022, Guatemala imported $11.7M in Petroleum Resins, mainly from United States ($8.41M), Canada ($1.01M), Germany ($888k), Mexico ($489k), and China ($260k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Mexico$87.8k (19.9k%)
Panama$53.3k (10k%)
Nicaragua$45.3k (313%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Guatemala WERE (2021 - 2022):
Honduras-$64k (-70%)
Colombia-$39.3k (-55.7%)
El Salvador-$32k (-6.75%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMexico+ $171k
TOP IMPORT POTENTIALGermany+ $409k

Petroleum Resins’s highest export potential is Mexico. With an export gap of $171k.   Petroleum Resins’s highest import potential is Germany with an import gap of $409k.

See methodology.

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