Trade Trend

In 2023, Guatemala's total export value is 14.19Billion USD, total import value is 30.32Billion USD, Deficit is -16.12Billion USD, and foreign trade dependency is 0.436. In 2023，Guatemala's top export products are Bananas, including plantains; fresh or dried(1.15Billion USD), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(949.11Million USD), Palm oil and its fractions; whether or not refined, but not chemically modified(851.44Million USD), top export destinations are United States(4.38Billion USD), El Salvador(1.88Billion USD), Honduras(1.63Billion USD). In 2023, Guatemala's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(4.12Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.02Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(982.68Million USD), top import origins are United States(9.18Billion USD), China(5.57Billion USD), Mexico(3.24Billion USD).

Comparing to 2022, Guatemala's total export value decreased -1.49Billion USD(-9.50%) in 2023, this could result from its export decreases of products such as Ferroalloys(-432.88Million USD or -92.29%), Cane or beet sugar and chemically pure sucrose, in solid form(-200.67Million USD or -25.19%), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(-165.64Million USD or -14.86%) and export decreases to countries/economics such as United States(-501.02Million USD or -10.27%), China(-359.16Million USD or -81.52%), El Salvador(-173.08Million USD or -8.45%). Comparing to 2022, Guatemala's total import value decreased -1.80Billion USD(-5.61%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-351.60Million USD or -7.87%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-173.20Million USD or -57.63%), Uncoated kraft paper and paperboard, in rolls or sheets, other than that of heading no. 4802 or 4803(-165.72Million USD or -39.07%), and its import decreases from countries/economies such as United States(-2.05Billion USD or -18.26%), Panama(-793.50Million USD or -90.84%), El Salvador(-487.91Million USD or -32.39%).

Cumulated to first 7 months of 2024, Guatemala's total export value is 5.64Billion USD, total import value is 12.04Billion USD, and tradedeficit is -6.40Billion USD. Cumulated to first 7 months of 2024, Guatemala's top export products are Bananas, including plantains; fresh or dried(511.58Million USD), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(421.08Million USD), Cane or beet sugar and chemically pure sucrose, in solid form(341.59Million USD), and top export destinations are United States(2.13Billion USD), El Salvador(757.54Million USD), Honduras(526.61Million USD). Cumulated to first 7 months of 2024, Guatemala's top import products are Bananas, including plantains; fresh or dried(511.58Million USD), Coffee, whether or not roasted or decaffeinated; husks and skins; coffee substitutes containing coffee in any proportion(421.08Million USD), Cane or beet sugar and chemically pure sucrose, in solid form(341.59Million USD), and top import origins areUnited States(4.40Billion USD), China(1.76Billion USD), Mexico(1.12Billion USD).