2023
Exports
$13.9MWorld Rnk 81 / 210
Flag Rnk 136 / 1091
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$1.02BWorld Rnk 77 / 225
Flag Rnk 3 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $13.9M in Cars, making it the 81st largest exporter of Cars in the world. At the same year, Cars was the 136th most exported product in Guatemala. The main destination of Cars exports from Guatemala are: El Salvador ($4.63M), Honduras ($4.23M), Panama ($2.03M), Belize ($712k), and United States ($435k).

The fastest growing export markets for Cars of Guatemala between 2022 and 2023 were Honduras ($2.7M), Panama ($2.03M), and Hong Kong ($330k).

Imports In 2023, Guatemala imported $1.02B in Cars, becoming the 77th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Guatemala. Guatemala imports Cars primarily from: Japan ($304M), United States ($139M), China ($75.6M), Germany ($66.8M), and South Korea ($64.5M).

The fastest growing import markets in Cars for Guatemala between 2022 and 2023 were Japan ($45.6M), Germany ($34.2M), and China ($26.8M).

Latest Trends

Dec 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 Cars. 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 (2023)$13.9M
IMPORTS (2023)$1.02B
NET TRADE (2023)-$1B

In 2023, Guatemala exported $13.9M in Cars. The main destinations of Guatemala exports on Cars were El Salvador ($4.63M), Honduras ($4.23M), Panama ($2.03M), Belize ($712k), and United States ($435k).

In 2023, Guatemala imported $1.02B in Cars, mainly from Japan ($304M), United States ($139M), China ($75.6M), Germany ($66.8M), and South Korea ($64.5M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Honduras$2.7M (175%)
Panama$2.03M (1%)
Hong Kong$330k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Guatemala WERE (2022 - 2023):
El Salvador-$3.45M (-42.7%)
Aruba-$77.3k (-100%)
Nicaragua-$63.6k (-91.4%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Guatemala's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.05M
TOP IMPORT POTENTIALMexico+ $66.9M

Cars’s highest export potential is United States. With an export gap of $2.05M.   Cars’s highest import potential is Mexico with an import gap of $66.9M.

See methodology.

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