2022
Exports
$52.7MWorld Rnk 36 / 207
Flag Rnk 64 / 1099
2022
PRODUCT COMPLEXITY IN Knit Men's Suits
-1.32Rnk 915 / 1025
2022
Imports
$11.1MWorld Rnk 97 / 221
Flag Rnk 353 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $52.7M in Knit Men's Suits, making it the 36th largest exporter of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 64th most exported product in Guatemala. The main destination of Knit Men's Suits exports from Guatemala are: United States ($45.5M), Canada ($1.48M), Netherlands ($1.1M), Honduras ($980k), and Australia ($574k).

The fastest growing export markets for Knit Men's Suits of Guatemala between 2021 and 2022 were United States ($11.1M), Netherlands ($895k), and Australia ($360k).

Imports In 2022, Guatemala imported $11.1M in Knit Men's Suits, becoming the 97th largest importer of Knit Men's Suits in the world. At the same year, Knit Men's Suits was the 353rd most imported product in Guatemala. Guatemala imports Knit Men's Suits primarily from: China ($2.86M), Honduras ($1.56M), United States ($839k), Mexico ($789k), and El Salvador ($636k).

The fastest growing import markets in Knit Men's Suits for Guatemala between 2021 and 2022 were China ($1.42M), Honduras ($1.34M), and Vietnam ($506k).

COMPANIES In 2023, leading companies such as Adidas (1) were at the forefront of shipping Knit Men's Suits from Guatemala to the United States.

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 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 (2022)$52.7M
IMPORTS (2022)$11.1M
NET TRADE (2022)$41.6M

In 2022, Guatemala exported $52.7M in Knit Men's Suits. The main destinations of Guatemala exports on Knit Men's Suits were United States ($45.5M), Canada ($1.48M), Netherlands ($1.1M), Honduras ($980k), and Australia ($574k).

In 2022, Guatemala imported $11.1M in Knit Men's Suits, mainly from China ($2.86M), Honduras ($1.56M), United States ($839k), Mexico ($789k), and El Salvador ($636k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Suits EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$11.1M (32.3%)
Netherlands$895k (443%)
Australia$360k (168%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Suits BY Guatemala WERE (2021 - 2022):
El Salvador-$201k (-52.6%)
Honduras-$100k (-9.27%)
Greece-$32.6k (-95.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Knit Men's Suits were:
In 2022, 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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