2023
Exports
$35.5MWorld Rnk 40 / 207
Flag Rnk 77 / 1091
2023
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.34Rnk 912 / 1025
2023
Imports
$13.4MWorld Rnk 91 / 221
Flag Rnk 325 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $35.5M in Knit Men's Suits, making it the 40th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 77th most exported product in Guatemala. The main destination of Knit Men's Suits exports from Guatemala are: United States ($25.7M), Netherlands ($2.67M), Canada ($846k), United Kingdom ($761k), and Honduras ($699k).

The fastest growing export markets for Knit Men's Suits of Guatemala between 2022 and 2023 were Netherlands ($1.58M), Panama ($505k), and United Kingdom ($345k).

Imports In 2023, Guatemala imported $13.4M in Knit Men's Suits, becoming the 91st largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 325th most imported product in Guatemala. Guatemala imports Knit Men's Suits primarily from: China ($6.05M), United States ($1.09M), Vietnam ($1.01M), El Salvador ($857k), and Honduras ($823k).

The fastest growing import markets in Knit Men's Suits for Guatemala between 2022 and 2023 were China ($3.64M), Vietnam ($379k), and El Salvador ($260k).

COMPANIES In 2024, leading companies such as Adidas (1) were at the forefront of shipping Knit Men's Suits 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 Knit Men's Suits. 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)$35.5M
IMPORTS (2023)$13.4M
NET TRADE (2023)$22M

In 2023, Guatemala exported $35.5M in Knit Men's Suits. The main destinations of Guatemala exports on Knit Men's Suits were United States ($25.7M), Netherlands ($2.67M), Canada ($846k), United Kingdom ($761k), and Honduras ($699k).

In 2023, Guatemala imported $13.4M in Knit Men's Suits, mainly from China ($6.05M), United States ($1.09M), Vietnam ($1.01M), El Salvador ($857k), and Honduras ($823k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Netherlands$1.58M (145%)
Panama$505k (518%)
United Kingdom$345k (82.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Guatemala WERE (2022 - 2023):
United States-$13.2M (-34%)
Canada-$767k (-47.5%)
Australia-$545k (-76.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Knit Men's Suits were:
In 2023, Guatemala's main importing competitors in Knit Men's Suits were:

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Trade Value of Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.8M
TOP IMPORT POTENTIALChina+ $1.53M

Knit Men's Suits’s highest export potential is United States. With an export gap of $14.8M.   Knit Men's Suits’s highest import potential is China with an import gap of $1.53M.

See methodology.

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