2022
Exports
$654kWorld Rnk 63 / 183
Flag Rnk 498 / 1099
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$504kWorld Rnk 92 / 216
Flag Rnk 862 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $654k in Basketwork, making it the 63rd largest exporter of Basketwork in the world. At the same year, Basketwork was the 498th most exported product in Guatemala. The main destination of Basketwork exports from Guatemala are: United States ($300k), Italy ($175k), Honduras ($48.1k), Japan ($48k), and Australia ($26.4k).

The fastest growing export markets for Basketwork of Guatemala between 2021 and 2022 were Italy ($126k), Honduras ($39.7k), and Australia ($4.56k).

Imports In 2022, Guatemala imported $504k in Basketwork, becoming the 92nd largest importer of Basketwork in the world. At the same year, Basketwork was the 862nd most imported product in Guatemala. Guatemala imports Basketwork primarily from: China ($368k), United States ($21.5k), Netherlands ($17.1k), Vietnam ($15.5k), and Spain ($13.1k).

The fastest growing import markets in Basketwork for Guatemala between 2021 and 2022 were China ($238k), Vietnam ($12.8k), and Bangladesh ($6.84k).

COMPANIES In 2023, leading companies such as QVC Inc (3) were at the forefront of shipping Basketwork from Guatemala to the United States.

Latest Trends

Jul 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 Basketwork. 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)$654k
IMPORTS (2022)$504k
NET TRADE (2022)$150k

In 2022, Guatemala exported $654k in Basketwork. The main destinations of Guatemala exports on Basketwork were United States ($300k), Italy ($175k), Honduras ($48.1k), Japan ($48k), and Australia ($26.4k).

In 2022, Guatemala imported $504k in Basketwork, mainly from China ($368k), United States ($21.5k), Netherlands ($17.1k), Vietnam ($15.5k), and Spain ($13.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Italy$126k (254%)
Honduras$39.7k (470%)
Australia$4.56k (20.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Guatemala WERE (2021 - 2022):
Japan-$133k (-73.5%)
United States-$27.3k (-8.32%)
New Zealand-$9.32k (-29.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $352k
TOP IMPORT POTENTIALChina+ $151k

Basketwork’s highest export potential is United States. With an export gap of $352k.   Basketwork’s highest import potential is China with an import gap of $151k.

See methodology.

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