2022
Exports
$1.55MWorld Rnk 92 / 219
Flag Rnk 377 / 1099
2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
$29.3MWorld Rnk 96 / 224
Flag Rnk 193 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.55M in Electrical Control Boards, making it the 92nd largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 377th most exported product in Guatemala. The main destination of Electrical Control Boards exports from Guatemala are: Honduras ($510k), El Salvador ($409k), Nicaragua ($215k), United States ($96.8k), and Panama ($86.1k).

The fastest growing export markets for Electrical Control Boards of Guatemala between 2021 and 2022 were El Salvador ($313k), Honduras ($280k), and Panama ($42.1k).

Imports In 2022, Guatemala imported $29.3M in Electrical Control Boards, becoming the 96th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 193rd most imported product in Guatemala. Guatemala imports Electrical Control Boards primarily from: China ($6.05M), United States ($5.81M), Mexico ($4.39M), Vietnam ($3.69M), and Germany ($2.35M).

The fastest growing import markets in Electrical Control Boards for Guatemala between 2021 and 2022 were China ($3.3M), Vietnam ($1.53M), and Germany ($1.02M).

Latest Trends

Oct 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 Electrical Control Boards. 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)$1.55M
IMPORTS (2022)$29.3M
NET TRADE (2022)-$27.8M

In 2022, Guatemala exported $1.55M in Electrical Control Boards. The main destinations of Guatemala exports on Electrical Control Boards were Honduras ($510k), El Salvador ($409k), Nicaragua ($215k), United States ($96.8k), and Panama ($86.1k).

In 2022, Guatemala imported $29.3M in Electrical Control Boards, mainly from China ($6.05M), United States ($5.81M), Mexico ($4.39M), Vietnam ($3.69M), and Germany ($2.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$313k (325%)
Honduras$280k (122%)
Panama$42.1k (95.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Guatemala WERE (2021 - 2022):
Costa Rica-$448k (-97.5%)
Nicaragua-$245k (-53.3%)
Dominican Republic-$205k (-83.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Guatemala's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $409k
TOP IMPORT POTENTIALMexico+ $7.21M

Electrical Control Boards’s highest export potential is United States. With an export gap of $409k.   Electrical Control Boards’s highest import potential is Mexico with an import gap of $7.21M.

See methodology.

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