2023
Exports
$701kWorld Rnk 57 / 134
Flag Rnk 466 / 1091
2023
PRODUCT COMPLEXITY IN Cocoa Beans
-2.94Rnk 1025 / 1025
2023
Imports
$1.74MWorld Rnk 43 / 159
Flag Rnk 696 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $701k in Cocoa Beans, making it the 57th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 466th most exported product in Guatemala. The main destination of Cocoa Beans exports from Guatemala are: United States ($165k), Netherlands ($148k), Germany ($71.1k), France ($68.2k), and Switzerland ($37.2k).

The fastest growing export markets for Cocoa Beans of Guatemala between 2022 and 2023 were United States ($23.5k), Germany ($23k), and Turkey ($15.5k).

Imports In 2023, Guatemala imported $1.74M in Cocoa Beans, becoming the 43rd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 696th most imported product in Guatemala. Guatemala imports Cocoa Beans primarily from: Nicaragua ($1.67M), Honduras ($68k), Ecuador ($4.41k), Colombia ($441), and United States ($329).

The fastest growing import markets in Cocoa Beans for Guatemala between 2022 and 2023 were Ecuador ($2.99k) and United States ($164).

COMPANIES In 2024, leading companies such as Goya Foods (7) were at the forefront of shipping Cocoa Beans from Guatemala to the United States.

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 Cocoa Beans. 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)$701k
IMPORTS (2023)$1.74M
NET TRADE (2023)-$1.04M

In 2023, Guatemala exported $701k in Cocoa Beans. The main destinations of Guatemala exports on Cocoa Beans were United States ($165k), Netherlands ($148k), Germany ($71.1k), France ($68.2k), and Switzerland ($37.2k).

In 2023, Guatemala imported $1.74M in Cocoa Beans, mainly from Nicaragua ($1.67M), Honduras ($68k), Ecuador ($4.41k), Colombia ($441), and United States ($329).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
United States$23.5k (16.7%)
Germany$23k (47.8%)
Turkey$15.5k (238%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Guatemala WERE (2022 - 2023):
Netherlands-$335k (-69.4%)
Costa Rica-$93.9k (-100%)
Australia-$38.6k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Cocoa Beans were:
In 2023, Guatemala's main importing competitors in Cocoa Beans were:

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $459k
TOP IMPORT POTENTIALHonduras+ $35.2k

Cocoa Beans’s highest export potential is Netherlands. With an export gap of $459k.   Cocoa Beans’s highest import potential is Honduras with an import gap of $35.2k.

See methodology.

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