2022
Exports
$388MWorld Rnk 30 / 226
Flag Rnk 8 / 1099
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$63.8MWorld Rnk 66 / 223
Flag Rnk 96 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $388M in Knit T-shirts, making it the 30th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 8th most exported product in Guatemala. The main destination of Knit T-shirts exports from Guatemala are: United States ($344M), Nicaragua ($13.2M), Mexico ($7.93M), Canada ($4.24M), and El Salvador ($3.22M).

The fastest growing export markets for Knit T-shirts of Guatemala between 2021 and 2022 were United States ($117M), Nicaragua ($8.47M), and Canada ($2.65M).

Imports In 2022, Guatemala imported $63.8M in Knit T-shirts, becoming the 66th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 96th most imported product in Guatemala. Guatemala imports Knit T-shirts primarily from: United States ($19M), Honduras ($15.2M), China ($7.51M), Spain ($3.58M), and Bangladesh ($3.39M).

The fastest growing import markets in Knit T-shirts for Guatemala between 2021 and 2022 were United States ($9.15M), Honduras ($8.43M), and China ($3.93M).

COMPANIES In 2023, leading companies such as Kontoor Brands (68), H&M Clothing (22), and Guess Clothing (10) were at the forefront of shipping Knit T-shirts 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 T-shirts. 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)$388M
IMPORTS (2022)$63.8M
NET TRADE (2022)$324M

In 2022, Guatemala exported $388M in Knit T-shirts. The main destinations of Guatemala exports on Knit T-shirts were United States ($344M), Nicaragua ($13.2M), Mexico ($7.93M), Canada ($4.24M), and El Salvador ($3.22M).

In 2022, Guatemala imported $63.8M in Knit T-shirts, mainly from United States ($19M), Honduras ($15.2M), China ($7.51M), Spain ($3.58M), and Bangladesh ($3.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$117M (51.7%)
Nicaragua$8.47M (179%)
Canada$2.65M (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Guatemala WERE (2021 - 2022):
Russia-$818k (-100%)
Brazil-$777k (-97.1%)
Austria-$600k (-96%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Knit T-shirts were:
In 2022, Guatemala's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $55.7M
TOP IMPORT POTENTIALHonduras+ $10.3M

Knit T-shirts’s highest export potential is United States. With an export gap of $55.7M.   Knit T-shirts’s highest import potential is Honduras with an import gap of $10.3M.

See methodology.

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