2022
Exports
$3.77MWorld Rnk 109 / 222
Flag Rnk 267 / 1099
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$180MWorld Rnk 76 / 225
Flag Rnk 32 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $3.77M in Insulated Wire, making it the 109th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 267th most exported product in Guatemala. The main destination of Insulated Wire exports from Guatemala are: Honduras ($1.52M), El Salvador ($1.43M), Nicaragua ($314k), United Arab Emirates ($222k), and Dominican Republic ($72.4k).

The fastest growing export markets for Insulated Wire of Guatemala between 2021 and 2022 were United Arab Emirates ($222k), Honduras ($214k), and Dominican Republic ($56.3k).

Imports In 2022, Guatemala imported $180M in Insulated Wire, becoming the 76th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 32nd most imported product in Guatemala. Guatemala imports Insulated Wire primarily from: Mexico ($75.2M), China ($44.2M), Costa Rica ($33.3M), United States ($11.4M), and El Salvador ($4.87M).

The fastest growing import markets in Insulated Wire for Guatemala between 2021 and 2022 were China ($15.3M), Costa Rica ($4.48M), and United States ($1.49M).

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 Insulated Wire. 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)$3.77M
IMPORTS (2022)$180M
NET TRADE (2022)-$176M

In 2022, Guatemala exported $3.77M in Insulated Wire. The main destinations of Guatemala exports on Insulated Wire were Honduras ($1.52M), El Salvador ($1.43M), Nicaragua ($314k), United Arab Emirates ($222k), and Dominican Republic ($72.4k).

In 2022, Guatemala imported $180M in Insulated Wire, mainly from Mexico ($75.2M), China ($44.2M), Costa Rica ($33.3M), United States ($11.4M), and El Salvador ($4.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United Arab Emirates$222k (1.11M%)
Honduras$214k (16.4%)
Dominican Republic$56.3k (351%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Guatemala WERE (2021 - 2022):
El Salvador-$710k (-33.1%)
Costa Rica-$307k (-81%)
United States-$144k (-84.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHonduras+ $489k
TOP IMPORT POTENTIALMexico+ $40.5M

Insulated Wire’s highest export potential is Honduras. With an export gap of $489k.   Insulated Wire’s highest import potential is Mexico with an import gap of $40.5M.

See methodology.

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