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Pricing

2022
Flag → Flag
Exports $10.1BRnk 36 / 219
2022
Flag → Flag
Top Product $3.92BRefined Petroleum
2022
Flag → Flag
Exports $5.23BRnk 1 / 162
2022
Flag → Flag
Top Product $1.01BBananas
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
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GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
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GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

United States-Guatemala Trade: In 2022, United States exported $10.1B to Guatemala. The main products that United States exported to Guatemala were Refined Petroleum ($3.92B), Petroleum Gas ($372M), and Corn ($331M). Over the past 5 years the exports of United States to Guatemala have increased at an annualized rate of 7.53%, from $7.03B in 2017 to $10.1B in 2022.

In 2017, United States exported services to Guatemala worth $1.7B, with Travel ($823M), Transportation ($395M), and Financial services ($184M) being the largest in terms of value.

Guatemala-United States Trade: In 2022, Guatemala exported $5.23B to United States. The main products that Guatemala exported to United States were Bananas ($1.01B), Knit Sweaters ($515M), and Coffee ($498M). Over the past 5 years the exports of Guatemala to United States have increased at an annualized rate of 4.73%,  from $4.15B in 2017 to $5.23B in 2022.

In 2022, Guatemala did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Company data: In 2023, leading companies such as Chiquita (9.33k), Dole Fresh Fruit (8.87k), and Classic Fruit Company (3.36k) were at the forefront of exporting goods from Guatemala to the United States. Conversely, Bananera Nacional S.a. (3.49k), Bananera Tepeyac, S.a.. (2.21k), and Chiquita Guatemala Sociedad Anonima (1.95k) were notable for importing products to Guatemala from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $759M and imported $434M from Guatemala, resulting in a positive trade balance of $325M. Between August 2023 and August 2024 the exports of United States have decreased by $-65.1M (-7.9%) from $824M to $759M, while imports increased by $33.7M (8.4%) from $401M to $434M.

Trade In August 2024, the top exports of United States to Guatemala were Refined Petroleum ($445M), Commodities not elsewhere specified ($47.3M), Corn ($39.7M), Soybean Meal ($29.7M), and Telephones ($21.9M). In August 2024 the top imports of United States from Guatemala were Bananas ($72.9M), Knit Sweaters ($50.6M), Knit T-shirts ($41.1M), Melons ($41.1M), and Raw Sugar ($27.3M).

Origins In August 2024 the exports of United States were mainly from Texas ($207M), Florida ($102M), Louisiana ($79.4M), California ($70.3M), and Mississippi ($55.8M), while imports destinations were mainly Florida ($105M), California ($72.2M), Texas ($53.1M), New Jersey ($31.2M), and Louisiana ($23M).

Growth In August 2024, the decrease in United States's year-by-year exports to Guatemala was explained primarily by an decrease in product exports in Wheat ($-28.2M or -90.9%), Soybean Oil ($-23.7M or -99.9%), and Vinyl Chloride Polymers ($-6.96M or -71.2%). In August 2024, the increase in United States's year-by-year imports  from Guatemala was explained primarily by an increase in product imports  in Melons ($11.7M or 40.1%), Raw Sugar ($9.79M or 56%), and Flavored Water ($3.1M or 223%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-65.1M(-7.9%)
IMPORT GROWTH (August 2023 - August 2024)$33.7M(8.4%)
MAIN EXPORTER (August 2024)Texas$207M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Guatemala and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $10.1B to Guatemala. The main products exported from United States to Guatemala were Refined Petroleum ($3.92B), Petroleum Gas ($372M), and Corn ($331M). During the last 5 years the exports of United States to Guatemala have increased at an annualized rate of 7.53%, from $7.03B in 2017 to $10.1B in 2022.

In 2017, Guatemala exported $5.23B to United States. The main products exported from Guatemala to United States were Bananas ($1.01B), Knit Sweaters ($515M), and Coffee ($498M). During the last 5 years the exports of Guatemala to United States have increased at an annualized rate of 4.73%, from $4.15B in 2022 to $5.23B in 2017.

Exports from United States (Flag) to Guatemala (Flag) (2022)

Exports from Guatemala (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Guatemala
Top DestinationUnited States$5.23B

This map shows whether countries import more from United States or Guatemala. Each country is colored based on the difference in imports they receive from United States and Guatemala or the difference in the growth in imports.

In 2022, countries that imported more from United States than Guatemala included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Guatemala than United States included Syria ($9.07M) and Wallis and Futuna ($257k).

Difference in imports from Guatemala (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Guatemala

Flow
Scale

This chart compares trade between United States and Guatemala by product, considering products traded by both, United States and Guatemala.

During 2022, United States had a large net trade with Guatemala in the exports of Mineral Products ($4.55B), Machines ($869M), and Foodstuffs ($705M).

During 2017, Guatemala had a large net trade with United States in the exports of Vegetable Products ($2.28B), Textiles ($1.8B), and Foodstuffs ($458M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Guatemala+$36.4MCars
Top Product Potential Guatemala United States+$84.7MKnit Sweaters

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Guatemala. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Guatemala (Flag) (2022)

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