2022
Exports
$1.1MWorld Rnk 98 / 166
Flag Rnk 425 / 1099
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$96.7MWorld Rnk 47 / 224
Flag Rnk 62 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.1M in Concentrated Milk, making it the 98th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 425th most exported product in Guatemala. The main destination of Concentrated Milk exports from Guatemala are: Belize ($695k), Nicaragua ($171k), Costa Rica ($82.4k), Honduras ($75.1k), and Cuba ($52k).

The fastest growing export markets for Concentrated Milk of Guatemala between 2021 and 2022 were Honduras ($75k), Belize ($68.4k), and Costa Rica ($55.2k).

Imports In 2022, Guatemala imported $96.7M in Concentrated Milk, becoming the 47th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 62nd most imported product in Guatemala. Guatemala imports Concentrated Milk primarily from: New Zealand ($48.3M), United States ($17.4M), Nicaragua ($11.9M), Costa Rica ($9.81M), and Honduras ($2.27M).

The fastest growing import markets in Concentrated Milk for Guatemala between 2021 and 2022 were New Zealand ($28.6M), United States ($6.31M), and Nicaragua ($2.63M).

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 Concentrated Milk. 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)$1.1M
IMPORTS (2022)$96.7M
NET TRADE (2022)-$95.6M

In 2022, Guatemala exported $1.1M in Concentrated Milk. The main destinations of Guatemala exports on Concentrated Milk were Belize ($695k), Nicaragua ($171k), Costa Rica ($82.4k), Honduras ($75.1k), and Cuba ($52k).

In 2022, Guatemala imported $96.7M in Concentrated Milk, mainly from New Zealand ($48.3M), United States ($17.4M), Nicaragua ($11.9M), Costa Rica ($9.81M), and Honduras ($2.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$75k (395k%)
Belize$68.4k (10.9%)
Costa Rica$55.2k (203%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Guatemala WERE (2021 - 2022):
El Salvador-$199k (-95.4%)
Nicaragua-$108k (-38.8%)
Panama-$95.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Concentrated Milk were:
In 2022, Guatemala's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHonduras+ $56.4k
TOP IMPORT POTENTIALUnited States+ $3.86M

Concentrated Milk’s highest export potential is Honduras. With an export gap of $56.4k.   Concentrated Milk’s highest import potential is United States with an import gap of $3.86M.

See methodology.

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