2022
Exports
$553MWorld Rnk 22 / 221
Flag Rnk 5 / 1099
2022
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 909 / 1025
2022
Imports
$34.5MWorld Rnk 78 / 218
Flag Rnk 167 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $553M in Knit Sweaters, making it the 22nd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 5th most exported product in Guatemala. The main destination of Knit Sweaters exports from Guatemala are: United States ($515M), Canada ($8.06M), El Salvador ($6.34M), Netherlands ($4.66M), and Germany ($3.39M).

The fastest growing export markets for Knit Sweaters of Guatemala between 2021 and 2022 were United States ($118M), El Salvador ($5.26M), and Germany ($3.07M).

Imports In 2022, Guatemala imported $34.5M in Knit Sweaters, becoming the 78th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 167th most imported product in Guatemala. Guatemala imports Knit Sweaters primarily from: China ($9.75M), El Salvador ($5.43M), Mexico ($4.03M), United States ($3.05M), and Spain ($2.34M).

The fastest growing import markets in Knit Sweaters for Guatemala between 2021 and 2022 were Mexico ($3.57M), Bangladesh ($1.57M), and Vietnam ($612k).

COMPANIES In 2023, leading companies such as REI (Recreational Equipment Incorporated) (3), Guess Clothing (2), and Adidas (2) were at the forefront of shipping Knit Sweaters from Guatemala to the United States.

Latest Trends

Sep 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 Sweaters. 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)$553M
IMPORTS (2022)$34.5M
NET TRADE (2022)$519M

In 2022, Guatemala exported $553M in Knit Sweaters. The main destinations of Guatemala exports on Knit Sweaters were United States ($515M), Canada ($8.06M), El Salvador ($6.34M), Netherlands ($4.66M), and Germany ($3.39M).

In 2022, Guatemala imported $34.5M in Knit Sweaters, mainly from China ($9.75M), El Salvador ($5.43M), Mexico ($4.03M), United States ($3.05M), and Spain ($2.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$118M (29.8%)
El Salvador$5.26M (488%)
Germany$3.07M (963%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Guatemala WERE (2021 - 2022):
Honduras-$2.99M (-65.6%)
Switzerland-$900k (-70.9%)
Japan-$694k (-37.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Knit Sweaters were:
In 2022, Guatemala's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $84.7M
TOP IMPORT POTENTIALChina+ $6.22M

Knit Sweaters’s highest export potential is United States. With an export gap of $84.7M.   Knit Sweaters’s highest import potential is China with an import gap of $6.22M.

See methodology.

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